Balanced Rock Investment Advisors LLC Has $262,000 Holdings in BlackRock, Inc. (NYSE:BLK)

Balanced Rock Investment Advisors LLC reduced its position in BlackRock, Inc. (NYSE:BLK) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 333 shares of the asset manager’s stock after selling 33 shares during the quarter. Balanced Rock Investment Advisors LLC’s holdings in BlackRock were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Redmont Wealth Advisors LLC bought a new stake in shares of BlackRock in the 1st quarter valued at approximately $27,000. Private Wealth Management Group LLC acquired a new position in BlackRock during the fourth quarter worth $28,000. Pineridge Advisors LLC bought a new position in shares of BlackRock during the fourth quarter valued at $28,000. Knuff & Co LLC boosted its stake in shares of BlackRock by 48.1% in the 4th quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 13 shares in the last quarter. Finally, Northwest Financial Advisors bought a new stake in shares of BlackRock in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In other BlackRock news, Director Mark Wiedman sold 27,000 shares of BlackRock stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $834.42, for a total value of $22,529,340.00. Following the transaction, the director now owns 6,480 shares of the company’s stock, valued at $5,407,041.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mark Wiedman sold 27,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $834.42, for a total transaction of $22,529,340.00. Following the transaction, the director now directly owns 6,480 shares in the company, valued at $5,407,041.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Laurence Fink sold 29,450 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the completion of the sale, the chief executive officer now owns 353,718 shares of the company’s stock, valued at approximately $298,272,703.50. The disclosure for this sale can be found here. Insiders have sold a total of 93,042 shares of company stock valued at $79,387,117 over the last three months. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BLK shares. Keefe, Bruyette & Woods boosted their price target on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Evercore ISI increased their price target on BlackRock from $910.00 to $920.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Citigroup lifted their price objective on BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Barclays initiated coverage on BlackRock in a report on Tuesday. They set an “overweight” rating and a $985.00 target price on the stock. Finally, UBS Group cut their price target on BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $881.47.

BlackRock Trading Up 0.8 %

BLK traded up $6.94 during trading on Friday, reaching $901.81. 478,238 shares of the company’s stock were exchanged, compared to its average volume of 590,117. The company’s fifty day moving average price is $839.20 and its 200-day moving average price is $808.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.32 and a current ratio of 5.32. The firm has a market capitalization of $134.01 billion, a PE ratio of 22.92, a P/E/G ratio of 1.92 and a beta of 1.32. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $903.46.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, topping analysts’ consensus estimates of $9.96 by $0.40. BlackRock had a return on equity of 15.53% and a net margin of 32.36%. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the previous year, the firm earned $9.28 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts forecast that BlackRock, Inc. will post 41.23 EPS for the current year.

BlackRock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be issued a $5.10 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $20.40 annualized dividend and a yield of 2.26%. BlackRock’s dividend payout ratio (DPR) is presently 51.84%.

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.