Arlington Financial Advisors LLC Sells 104 Shares of BlackRock $BLK

Arlington Financial Advisors LLC reduced its stake in BlackRock (NYSE:BLK) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,633 shares of the asset manager’s stock after selling 104 shares during the quarter. Arlington Financial Advisors LLC’s holdings in BlackRock were worth $4,861,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Garde Capital Inc. lifted 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 in the last quarter. Fairway Wealth LLC lifted 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 in the last quarter. Game Plan Financial Advisors LLC lifted 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 in the last quarter. MorganRosel Wealth Management LLC bought a new stake in BlackRock during the 1st quarter worth about $31,000. Finally, Cheviot Value Management LLC bought a new stake in BlackRock during the 1st quarter worth about $30,000. 80.69% of the stock is owned by institutional investors.

Insider Activity at BlackRock

In related news, Director Rachel Lord sold 18,036 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the transaction, the director owned 19,205 shares in the company, valued at approximately $21,617,148. This represents a 48.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laurence Fink sold 14,828 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $1,122.28, for a total transaction of $16,641,167.84. Following the completion of the transaction, the chief executive officer owned 263,751 shares in the company, valued at approximately $296,002,472.28. This trade represents a 5.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,494 shares of company stock worth $74,694,573 in the last quarter. Corporate insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

BLK has been the topic of several analyst reports. Bank of America boosted their price target on shares of BlackRock from $1,224.00 to $1,396.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Evercore ISI upped their target price on shares of BlackRock from $1,200.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Morgan Stanley upped their target price on shares of BlackRock from $1,224.00 to $1,362.00 and gave the company an “overweight” rating in a report on Monday, October 6th. UBS Group reaffirmed a “neutral” rating and issued a $980.00 target price on shares of BlackRock in a report on Tuesday, July 8th. Finally, The Goldman Sachs Group upped their target price on shares of BlackRock from $1,163.00 to $1,312.00 and gave the company a “buy” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,263.31.

BlackRock Stock Up 3.3%

Shares of BLK opened at $1,193.23 on Wednesday. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,209.82. The firm has a market cap of $184.77 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 2.10 and a beta of 1.45. The firm’s 50-day simple moving average is $1,137.33 and its 200 day simple moving average is $1,038.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The company had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.22 billion. During the same quarter last year, the company posted $11.46 EPS. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. On average, analysts forecast that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 5th were paid a $5.21 dividend. The ex-dividend date was Friday, September 5th. This represents a $20.84 dividend on an annualized basis and a yield of 1.7%. BlackRock’s dividend payout ratio is 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.