252 Shares in BlackRock (NYSE:BLK) Bought by Allium Financial Advisors LLC

Key Points

• Allium Financial Advisors LLC has acquired a new position in BlackRock, purchasing 252 shares valued at approximately $239,000, as reported in their latest SEC filing.
• BlackRock's recent quarterly earnings exceeded analysts' expectations, with earnings per share of $12.05 compared to a consensus estimate of $10.41, and a quarterly revenue of $5.42 billion.
• The company has declared a quarterly dividend of $5.21 per share, with an annualized yield of 1.85%, to be paid to shareholders on September 23rd.

Allium Financial Advisors LLC bought a new position in shares of BlackRock (NYSE:BLK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 252 shares of the asset manager's stock, valued at approximately $239,000.

Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC lifted its holdings in shares of BlackRock by 76.5% in the first quarter. Fairway Wealth LLC now owns 30 shares of the asset manager's stock valued at $28,000 after purchasing an additional 13 shares in the last quarter. Investment Management Corp VA ADV bought a new position in BlackRock in the fourth quarter valued at $30,000. MorganRosel Wealth Management LLC bought a new stake in BlackRock during the first quarter worth about $31,000. CBIZ Investment Advisory Services LLC acquired a new position in BlackRock during the first quarter valued at approximately $34,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of BlackRock during the 4th quarter worth approximately $43,000. Institutional investors own 80.69% of the company's stock.

BlackRock Stock Up 0.5%

Shares of NYSE:BLK opened at $1,123.48 on Friday. The company has a fifty day moving average of $1,027.64 and a 200-day moving average of $976.79. The company has a market capitalization of $174.06 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 2.26 and a beta of 1.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.34 and a current ratio of 4.34. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,130.66.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 earnings per share for the quarter, topping analysts' consensus estimates of $10.41 by $1.64. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.40 billion. BlackRock had a return on equity of 15.83% and a net margin of 29.68%. BlackRock's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.36 EPS. On average, equities analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be given a $5.21 dividend. This represents a $20.84 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, September 5th. BlackRock's dividend payout ratio (DPR) is currently 50.39%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Telsey Advisory Group reissued an "outperform" rating on shares of BlackRock in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on BlackRock from $1,018.00 to $1,093.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Argus restated a "buy" rating on shares of BlackRock in a research note on Tuesday, July 8th. Barclays upped their price objective on shares of BlackRock from $990.00 to $1,220.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, UBS Group restated a "neutral" rating and issued a $980.00 price target on shares of BlackRock in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,151.21.

Insider Activity

In other BlackRock news, Director Rachel Lord sold 18,036 shares of BlackRock stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total transaction of $20,301,321.60. Following the transaction, the director directly owned 19,205 shares of the company's stock, valued at approximately $21,617,148. The trade was a 48.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fabrizio Freda sold 4,434 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the completion of the sale, the director owned 3,506 shares in the company, valued at $3,936,571.86. This trade represents a 55.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,352 shares of company stock valued at $55,486,962. Insiders own 1.98% of the company's stock.

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.

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