BlackRock $BLK Shares Bought by NorthRock Partners LLC

NorthRock Partners LLC raised its position in BlackRock (NYSE:BLK) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,630 shares of the asset manager’s stock after acquiring an additional 42 shares during the quarter. NorthRock Partners LLC’s holdings in BlackRock were worth $1,711,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Fairway Wealth LLC raised its position in shares of BlackRock by 76.5% in the 1st 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 raised its position in shares of BlackRock by 100.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 15 shares in the last quarter. Garde Capital Inc. raised its position in shares of 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 purchasing an additional 18 shares in the last quarter. Cheviot Value Management LLC acquired a new position in shares of BlackRock in the 1st quarter valued at approximately $30,000. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of BlackRock in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 17,142 shares of the company’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total transaction of $19,207,611.00. Following the completion of the transaction, the director directly owned 61,369 shares in the company, valued at $68,763,964.50. This represents a 21.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Laurence Fink sold 14,828 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 263,751 shares of the company’s stock, valued at approximately $296,002,472.28. The trade was a 5.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,494 shares of company stock valued at $74,694,573 in the last 90 days. Corporate insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating on shares of BlackRock in a research report on Tuesday, July 8th. BMO Capital Markets assumed coverage on BlackRock in a research report on Friday, October 3rd. They issued an “outperform” rating and a $1,280.00 target price on the stock. Jefferies Financial Group upped their target price on BlackRock from $1,196.00 to $1,325.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft lifted their target price on BlackRock from $1,221.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, BNP Paribas Exane lifted their target price on BlackRock from $1,160.00 to $1,265.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,263.31.

BlackRock Trading Up 2.1%

NYSE:BLK opened at $1,156.20 on Tuesday. The firm has a market capitalization of $179.04 billion, a P/E ratio of 27.95, a P/E/G ratio of 2.15 and a beta of 1.45. The business has a 50 day simple moving average of $1,135.66 and a 200 day simple moving average of $1,037.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04. BlackRock has a 12-month low of $773.74 and a 12-month 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, topping analysts’ consensus estimates of $10.41 by $1.64. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.40 billion. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $10.36 EPS. Equities research analysts predict that BlackRock will post 47.41 EPS for the current year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors 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 yield of 1.8%. The ex-dividend date was Friday, September 5th. BlackRock’s dividend payout ratio is presently 50.39%.

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.