Sage Capital Advisors llc boosted its holdings in BlackRock, Inc. (NYSE:BLK) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,116 shares of the asset manager’s stock after acquiring an additional 110 shares during the quarter. BlackRock accounts for about 1.3% of Sage Capital Advisors llc’s holdings, making the stock its 29th biggest position. Sage Capital Advisors llc’s holdings in BlackRock were worth $2,069,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Garrett Wealth Advisory Group LLC purchased a new stake in shares of BlackRock in the third quarter worth approximately $30,000. Ellevest Inc. lifted its holdings in shares of BlackRock by 89.2% in the second quarter. Ellevest Inc. now owns 70 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 33 shares in the last quarter. Vista Private Wealth Partners. LLC bought a new position in shares of BlackRock in the third quarter valued at approximately $33,000. Asset Dedication LLC purchased a new position in shares of BlackRock during the third quarter valued at approximately $33,000. Finally, Simon Quick Advisors LLC boosted its position in shares of BlackRock by 760.0% during the fourth quarter. Simon Quick Advisors LLC now owns 86 shares of the asset manager’s stock valued at $43,000 after buying an additional 76 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on BLK shares. Argus reiterated a “buy” rating and set a $570.00 price target (up previously from $535.00) on shares of BlackRock in a report on Wednesday. Citigroup raised their price objective on BlackRock from $565.00 to $580.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Co raised shares of BlackRock from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective on the stock in a report on Thursday, January 2nd. Deutsche Bank began coverage on shares of BlackRock in a research note on Thursday, January 9th. They issued a “buy” rating for the company. Finally, Barclays reiterated a “buy” rating and issued a $485.00 target price on shares of BlackRock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $534.80.
BlackRock stock traded up $4.32 during mid-day trading on Thursday, reaching $534.58. 306,587 shares of the company’s stock were exchanged, compared to its average volume of 418,260. The business’s fifty day simple moving average is $501.57 and its 200 day simple moving average is $464.40. The firm has a market capitalization of $80.01 billion, a PE ratio of 19.85, a P/E/G ratio of 1.53 and a beta of 1.54. BlackRock, Inc. has a one year low of $401.42 and a one year high of $531.62. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.76.
BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $8.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.69 by $0.65. BlackRock had a return on equity of 12.95% and a net margin of 29.31%. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the company earned $6.08 EPS. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, sell-side analysts forecast that BlackRock, Inc. will post 27.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Thursday, December 5th. BlackRock’s payout ratio is 49.02%.
BlackRock Company Profile
BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.
Featured Article: What is the Coverage Ratio?
Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK).
Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.