JFS Wealth Advisors LLC Has $408,000 Stock Holdings in BlackRock $BLK

JFS Wealth Advisors LLC lifted its stake in shares of BlackRock (NYSE:BLK) by 2.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 389 shares of the asset manager’s stock after purchasing an additional 10 shares during the period. JFS Wealth Advisors LLC’s holdings in BlackRock were worth $408,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BLK. Fairway Wealth LLC raised its position in BlackRock by 76.5% during the first quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after buying an additional 13 shares during the period. Game Plan Financial Advisors LLC raised its position in BlackRock by 100.0% during the first quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after buying an additional 15 shares during the period. Garde Capital Inc. raised its position in BlackRock by 200.0% during the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after buying an additional 18 shares during the period. Cheviot Value Management LLC acquired a new position in BlackRock during the first quarter valued at $30,000. Finally, MorganRosel Wealth Management LLC acquired a new position in BlackRock during the first quarter valued at $31,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Laurence Fink sold 14,828 shares of the 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 transaction of $16,641,167.84. Following the completion of the sale, the chief executive officer owned 263,751 shares in the company, valued at $296,002,472.28. This represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director J. Richard Kushel sold 17,142 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the sale, the director owned 61,369 shares of the company’s stock, valued at approximately $68,763,964.50. The trade was a 21.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,494 shares of company stock worth $74,694,573. Insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BLK. The Goldman Sachs Group upped their price target on BlackRock from $1,163.00 to $1,312.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. UBS Group reaffirmed a “neutral” rating and issued a $980.00 target price on shares of BlackRock in a research report on Tuesday, July 8th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of BlackRock in a research report on Tuesday, July 8th. TD Cowen upped their target price on BlackRock from $1,252.00 to $1,301.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Citigroup upped their target price on BlackRock from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,258.56.

BlackRock Stock Performance

Shares of NYSE BLK opened at $1,132.12 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. The firm has a market cap of $175.31 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 2.15 and a beta of 1.45. The business’s 50-day simple moving average is $1,134.85 and its 200-day simple moving average is $1,035.09. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,184.13.

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

BlackRock Announces Dividend

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

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.