BlackRock (NYSE:BLK) Shares Acquired by Values Added Financial LLC

Values Added Financial LLC lifted its stake in BlackRock (NYSE:BLK) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362 shares of the asset manager’s stock after buying an additional 18 shares during the period. Values Added Financial LLC’s holdings in BlackRock were worth $343,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLK. IAG Wealth Partners LLC acquired a new stake in shares of BlackRock in the 4th quarter worth approximately $26,000. Investment Management Corp VA ADV purchased a new position in shares of BlackRock in the 4th quarter worth about $30,000. MorganRosel Wealth Management LLC purchased a new stake in shares of BlackRock during the 1st quarter valued at about $31,000. Synergy Investment Management LLC acquired a new stake in BlackRock during the 4th quarter valued at approximately $40,000. Finally, Curio Wealth LLC acquired a new stake in shares of BlackRock during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling

In other news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $912.50, for a total transaction of $9,125,000.00. Following the sale, the director owned 66,034 shares in the company, valued at approximately $60,256,025. This represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays increased their price objective on BlackRock from $950.00 to $990.00 and gave the stock an “overweight” rating in a report on Monday, April 14th. The Goldman Sachs Group raised their price objective on shares of BlackRock from $994.00 to $1,115.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Bank of America dropped their target price on BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price objective on BlackRock from $1,046.00 to $988.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Argus lifted their target price on shares of BlackRock from $1,028.00 to $1,090.00 and gave the company a “buy” rating in a research note on Tuesday, June 17th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average target price of $1,105.15.

BlackRock Stock Up 1.5%

NYSE BLK opened at $1,070.53 on Thursday. The stock has a market cap of $165.86 billion, a PE ratio of 26.01, a PEG ratio of 3.20 and a beta of 1.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.34 and a current ratio of 4.34. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,084.22. The firm has a 50-day simple moving average of $973.12 and a 200 day simple moving average of $969.38.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.84 by $0.46. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.47 billion. BlackRock had a net margin of 30.09% and a return on equity of 15.57%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.81 earnings per share. On average, research analysts forecast that BlackRock will post 47.41 EPS for the current year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th were given a $5.21 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $20.84 dividend on an annualized basis and a yield of 1.95%. BlackRock’s dividend payout ratio (DPR) is presently 50.63%.

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.