Roundview Capital LLC Acquires 32 Shares of BlackRock $BLK

Roundview Capital LLC boosted its holdings in BlackRock (NYSE:BLK) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,149 shares of the asset manager’s stock after acquiring an additional 32 shares during the period. Roundview Capital LLC’s holdings in BlackRock were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Garde Capital Inc. increased its position in BlackRock by 200.0% during the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after buying an additional 18 shares during the period. Fairway Wealth LLC increased its position in BlackRock by 76.5% during the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock worth $28,000 after buying an additional 13 shares during the period. Game Plan Financial Advisors LLC increased its position in BlackRock by 100.0% during the 1st 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 period. MorganRosel Wealth Management LLC bought a new position in BlackRock during the 1st quarter worth $31,000. Finally, Cheviot Value Management LLC bought a new position in BlackRock during the 1st quarter worth $30,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

NYSE:BLK opened at $1,166.90 on Wednesday. The stock’s 50-day simple moving average is $1,131.84 and its 200 day simple moving average is $1,031.25. The firm has a market capitalization of $180.69 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.39. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,184.13.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Tuesday, July 15th. The asset manager reported $12.05 EPS for the quarter, beating analysts’ consensus estimates of $10.41 by $1.64. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the firm posted $10.36 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Announces Dividend

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

Wall Street Analysts Forecast Growth

BLK has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their price objective on BlackRock from $1,247.00 to $1,224.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 16th. Argus restated a “buy” rating on shares of BlackRock in a research report on Tuesday, July 8th. Weiss Ratings restated a “buy (b-)” rating on shares of BlackRock in a research report on Saturday, September 27th. The Goldman Sachs Group raised their price target on BlackRock from $1,163.00 to $1,312.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, Jefferies Financial Group raised their price target on BlackRock from $959.00 to $1,210.00 in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,222.87.

Insider Transactions at BlackRock

In other news, Director Fabrizio Freda sold 4,434 shares of BlackRock stock in a transaction dated 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 of the company’s stock, valued at approximately $3,936,571.86. This trade represents a 55.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Laurence Fink sold 12,054 shares of BlackRock stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.43, for a total value of $13,565,933.22. Following the sale, the chief executive officer directly owned 251,697 shares in the company, valued at $283,267,354.71. The trade was a 4.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,494 shares of company stock valued at $74,694,573. Company insiders own 1.98% of the company’s stock.

About BlackRock

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.