Kintegral Advisory LLC Has $7.83 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Kintegral Advisory LLC reduced its holdings in BlackRock, Inc. (NYSE:BLK) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,638 shares of the asset manager’s stock after selling 356 shares during the period. BlackRock comprises about 0.7% of Kintegral Advisory LLC’s holdings, making the stock its 29th largest holding. Kintegral Advisory LLC’s holdings in BlackRock were worth $7,830,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. FSA Wealth Management LLC acquired a new position in shares of BlackRock in the third quarter worth $26,000. Collier Financial acquired a new position in BlackRock in the 4th quarter worth about $32,000. Compass Planning Associates Inc purchased a new stake in shares of BlackRock during the 4th quarter worth about $33,000. Atwood & Palmer Inc. bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $36,000. Finally, West Financial Advisors LLC acquired a new position in BlackRock in the fourth quarter worth approximately $39,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Trading Down 1.5 %

Shares of BLK opened at $974.97 on Friday. The stock’s 50-day moving average price is $1,011.61 and its 200 day moving average price is $977.04. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $151.00 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 1.89 and a beta of 1.28. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the company posted $9.66 earnings per share. BlackRock’s revenue was up 22.6% on a year-over-year basis. As a group, research analysts predict that BlackRock, Inc. will post 47.44 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be given a dividend of $5.21 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Friday, March 7th. BlackRock’s payout ratio is 49.62%.

Analyst Ratings Changes

BLK has been the topic of a number of recent research reports. Evercore ISI raised their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley increased their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Wells Fargo & Company increased their price target on BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $1,120.67.

Insider Activity at BlackRock

In other news, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total value of $37,851,121.00. Following the sale, the director now owns 6,480 shares in the company, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the sale, the director now owns 68,433 shares of the company’s stock, valued at $73,403,973.12. This trade represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,190 shares of company stock valued at $115,163,141 over the last quarter. 0.90% of the stock is owned by company insiders.

About BlackRock

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.