BlackRock, Inc. (NYSE:BLK) Shares Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp grew its stake in BlackRock, Inc. (NYSE:BLK) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,703 shares of the asset manager’s stock after buying an additional 134 shares during the quarter. Toth Financial Advisory Corp’s holdings in BlackRock were worth $9,213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BLK. Redmont Wealth Advisors LLC purchased a new stake in BlackRock in the 1st quarter worth approximately $27,000. Fairscale Capital LLC acquired a new stake in BlackRock during the second quarter valued at $31,000. Chilton Capital Management LLC acquired a new stake in BlackRock during the first quarter valued at $38,000. Olistico Wealth LLC purchased a new position in BlackRock in the second quarter valued at $53,000. Finally, ORG Partners LLC raised its position in shares of BlackRock by 257.9% in the second quarter. ORG Partners LLC now owns 68 shares of the asset manager’s stock worth $54,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the transaction, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Pamela Daley sold 1,531 shares of the business’s 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 completion of 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 a total of 66,042 shares of company stock valued at $56,857,777 over the last quarter. 0.90% of the stock is owned by insiders.

BlackRock Price Performance

Shares of NYSE:BLK traded down $8.10 during midday trading on Monday, hitting $998.92. The company had a trading volume of 97,692 shares, compared to its average volume of 575,488. The business’s 50-day simple moving average is $915.45 and its 200-day simple moving average is $837.66. The stock has a market cap of $148.44 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $1,032.00.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.42 by $1.04. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the company posted $10.91 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. On average, research analysts predict that BlackRock, Inc. will post 41.73 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Monday, September 9th. BlackRock’s dividend payout ratio is presently 51.84%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BLK. Wells Fargo & Company lifted their price target on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their price objective on BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Argus increased their target price on BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. UBS Group cut their price target on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective 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 given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $995.31.

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.