Wolf Group Capital Advisors Lowers Position in BlackRock, Inc. (NYSE:BLK)

Wolf Group Capital Advisors cut its stake in shares of BlackRock, Inc. (NYSE:BLK) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 826 shares of the asset manager’s stock after selling 85 shares during the period. Wolf Group Capital Advisors’ holdings in BlackRock were worth $650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. XML Financial LLC increased its position in shares of BlackRock by 2.6% in the 2nd quarter. XML Financial LLC now owns 473 shares of the asset manager’s stock valued at $372,000 after acquiring an additional 12 shares during the period. Knuff & Co LLC grew its position in BlackRock by 48.1% during the 4th quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock worth $32,000 after purchasing an additional 13 shares during the period. Hexagon Capital Partners LLC grew its position in BlackRock by 6.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 226 shares of the asset manager’s stock worth $177,000 after purchasing an additional 13 shares during the period. Forza Wealth Management LLC grew its position in BlackRock by 1.3% during the 2nd quarter. Forza Wealth Management LLC now owns 1,044 shares of the asset manager’s stock worth $822,000 after purchasing an additional 13 shares during the period. Finally, Rosenberg Matthew Hamilton grew its position in BlackRock by 4.4% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 311 shares of the asset manager’s stock worth $243,000 after purchasing an additional 13 shares during the period. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BLK shares. Argus increased their price target on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Citigroup increased their price target on BlackRock from $920.00 to $930.00 and gave the stock a “buy” 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. UBS Group dropped their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, Morgan Stanley dropped their target price on BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $881.47.

Insiders Place Their Bets

In other news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the sale, the director now owns 6,480 shares in the company, valued at approximately $5,832,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other BlackRock news, Director Pamela Daley sold 1,531 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the transaction, the director now owns 5,732 shares in the company, valued at $4,826,802.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the transaction, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. The disclosure for this sale can be found here. Insiders have sold 93,042 shares of company stock valued at $79,387,117 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Trading Up 0.8 %

Shares of BlackRock stock opened at $902.30 on Friday. The firm has a market capitalization of $134.08 billion, a PE ratio of 22.93, a P/E/G ratio of 1.92 and a beta of 1.32. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $903.46. The firm’s 50-day moving average price is $836.92 and its 200 day moving average price is $807.82. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.35.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Monday, July 15th. The asset manager reported $10.36 earnings per share for the quarter, beating analysts’ consensus estimates of $9.96 by $0.40. BlackRock had a net margin of 32.36% and a return on equity of 15.53%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the company posted $9.28 EPS. BlackRock’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts predict that BlackRock, Inc. will post 41.23 EPS for the current fiscal year.

BlackRock Dividend Announcement

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

BlackRock Company 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.