Realta Investment Advisors Invests $238,000 in BlackRock $BLK

Realta Investment Advisors bought a new stake in BlackRock (NYSE:BLK) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 227 shares of the asset manager’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLK. Fairway Wealth LLC grew its position in shares of BlackRock by 76.5% in the first quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 13 shares in the last quarter. Game Plan Financial Advisors LLC boosted its stake in BlackRock by 100.0% during the first quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock worth $28,000 after buying an additional 15 shares during the last quarter. Garde Capital Inc. grew its holdings in BlackRock by 200.0% in the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after buying an additional 18 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in shares of BlackRock in the 1st quarter worth $30,000. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of BlackRock during the 1st quarter worth $31,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Laurence Fink sold 14,828 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $1,122.28, for a total value of $16,641,167.84. Following the completion of the transaction, the chief executive officer directly owned 263,751 shares of the company’s stock, valued at $296,002,472.28. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Fabrizio Freda sold 4,434 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $1,122.81, for a total transaction of $4,978,539.54. Following the sale, the director directly owned 3,506 shares in the company, valued at approximately $3,936,571.86. The trade was a 55.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,494 shares of company stock valued at $74,694,573. 1.98% of the stock is owned by insiders.

BlackRock Stock Performance

NYSE:BLK opened at $1,160.75 on Monday. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,183.50. The company has a fifty day simple moving average of $1,129.67 and a two-hundred day simple moving average of $1,028.70. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.39. The company has a market cap of $179.75 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.

BlackRock (NYSE:BLK) last issued its earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share for the quarter, beating the consensus estimate of $10.41 by $1.64. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter last year, the company earned $10.36 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. As a group, equities analysts anticipate that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th were issued a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 5th. BlackRock’s payout ratio is 50.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BLK shares. The Goldman Sachs Group raised their price objective on shares of BlackRock from $1,163.00 to $1,312.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America raised their price target on shares of BlackRock from $1,224.00 to $1,396.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research cut BlackRock from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Barclays upped their target price on shares of BlackRock from $990.00 to $1,220.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, UBS Group restated a “neutral” rating and set a $980.00 price target on shares of BlackRock in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,213.67.

BlackRock 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.