Michael S. Ryan Inc. Has $467,000 Holdings in BlackRock, Inc. (NYSE:BLK)

Michael S. Ryan Inc. decreased its position in shares of BlackRock, Inc. (NYSE:BLK) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492 shares of the asset manager’s stock after selling 11 shares during the period. BlackRock accounts for 0.3% of Michael S. Ryan Inc.’s investment portfolio, making the stock its 27th biggest holding. Michael S. Ryan Inc.’s holdings in BlackRock were worth $467,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BLK. Redmont Wealth Advisors LLC bought a new stake in BlackRock during the 1st quarter valued at approximately $27,000. Fairscale Capital LLC acquired a new stake in shares of BlackRock in the second quarter worth $31,000. Lam Group Inc. bought a new position in BlackRock during the first quarter worth $33,000. Fairman Group LLC acquired a new stake in BlackRock in the 4th quarter worth $35,000. Finally, Chilton Capital Management LLC acquired a new position in shares of BlackRock during the first quarter valued at about $38,000. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

NYSE BLK opened at $991.72 on Tuesday. The firm has a market cap of $147.37 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.94 and a beta of 1.30. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $1,001.45. The company has a 50 day moving average of $902.62 and a 200-day moving average of $832.46.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $10.91 EPS. On average, equities analysts forecast that BlackRock, Inc. will post 41.73 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were issued a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Monday, September 9th. BlackRock’s dividend payout ratio is currently 51.84%.

Insider Buying and Selling at BlackRock

In related news, CEO Laurence Fink sold 29,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value 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 $298,272,703.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Laurence Fink sold 29,450 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total value of $24,833,712.50. Following the transaction, the chief executive officer now owns 353,718 shares in the company, valued at $298,272,703.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Wiedman sold 11,061 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $852.95, for a total value of $9,434,479.95. Following the sale, the director now directly owns 6,480 shares of the company’s stock, valued at $5,527,116. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,042 shares of company stock worth $56,857,777. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BLK shares. Evercore ISI boosted their price target on BlackRock from $995.00 to $1,040.00 and gave the company an “outperform” rating in a research note on Monday. Argus raised their target price on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. TD Cowen boosted their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. UBS Group dropped their price objective on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, StockNews.com began coverage on shares of BlackRock in a research note on Saturday. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $991.46.

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.