Talbot Financial LLC Has $11.61 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Talbot Financial LLC increased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 2.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,227 shares of the asset manager’s stock after acquiring an additional 259 shares during the period. BlackRock accounts for about 1.4% of Talbot Financial LLC’s holdings, making the stock its 27th largest position. Talbot Financial LLC’s holdings in BlackRock were worth $11,610,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Brookstone Capital Management lifted its stake in shares of BlackRock by 30.9% in the third quarter. Brookstone Capital Management now owns 927 shares of the asset manager’s stock worth $880,000 after buying an additional 219 shares during the last quarter. City Holding Co. acquired a new position in BlackRock in the 3rd quarter valued at $55,000. O Keefe Stevens Advisory Inc. raised its holdings in BlackRock by 38.2% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 630 shares of the asset manager’s stock worth $598,000 after acquiring an additional 174 shares during the period. Artemis Investment Management LLP acquired a new stake in shares of BlackRock in the third quarter valued at about $25,328,000. Finally, Atomi Financial Group Inc. increased its stake in shares of BlackRock by 28.4% in the third quarter. Atomi Financial Group Inc. now owns 1,593 shares of the asset manager’s stock worth $1,513,000 after purchasing an additional 352 shares during the period. 80.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group decreased their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company assumed coverage on BlackRock in a research report on Thursday, September 12th. They issued an “overweight” rating and a $1,000.00 price objective for the company. Barclays boosted their target price on shares of BlackRock from $990.00 to $1,010.00 and gave the stock an “overweight” rating in a research report on Monday. Argus upped their target price on shares of BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $943.93.

Insiders Place Their Bets

In other news, Director Pamela Daley sold 1,531 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the sale, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark Wiedman sold 27,000 shares of BlackRock stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total value of $22,529,340.00. Following the completion of the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at $5,407,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pamela Daley sold 1,531 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the sale, the director now directly owns 5,732 shares in the company, valued at $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,042 shares of company stock worth $79,387,117 over the last three months. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Price Performance

NYSE:BLK opened at $949.07 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The company has a 50-day moving average of $891.57 and a 200-day moving average of $827.42. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $960.74. The company has a market capitalization of $141.03 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.05 and a beta of 1.30.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, topping analysts’ consensus estimates of $9.96 by $0.40. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter last year, the company earned $9.28 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that BlackRock, Inc. will post 41.37 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were paid a $5.10 dividend. This represents a $20.40 annualized dividend and a yield of 2.15%. The ex-dividend date was Monday, September 9th. BlackRock’s dividend payout ratio is 51.84%.

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.