Allen Mooney & Barnes Investment Advisors LLC Purchases 399 Shares of BlackRock, Inc. (NYSE:BLK)

Allen Mooney & Barnes Investment Advisors LLC lifted its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,626 shares of the asset manager's stock after buying an additional 399 shares during the quarter. BlackRock comprises 2.4% of Allen Mooney & Barnes Investment Advisors LLC's investment portfolio, making the stock its 11th largest holding. Allen Mooney & Barnes Investment Advisors LLC's holdings in BlackRock were worth $14,789,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Ferguson Wellman Capital Management Inc. lifted its holdings in BlackRock by 0.4% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 32,173 shares of the asset manager's stock worth $30,451,000 after purchasing an additional 115 shares during the last quarter. Kelly Financial Services LLC acquired a new stake in BlackRock in the 1st quarter worth approximately $203,000. First United Bank & Trust acquired a new stake in BlackRock in the 1st quarter worth approximately $85,000. Simon Quick Advisors LLC lifted its holdings in BlackRock by 139.8% in the 1st quarter. Simon Quick Advisors LLC now owns 844 shares of the asset manager's stock worth $799,000 after purchasing an additional 492 shares during the last quarter. Finally, Zhang Financial LLC lifted its holdings in BlackRock by 2.4% in the 1st quarter. Zhang Financial LLC now owns 968 shares of the asset manager's stock worth $916,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

BlackRock Stock Performance

Shares of NYSE BLK traded down $17.01 during trading hours on Friday, reaching $971.24. The stock had a trading volume of 674,277 shares, compared to its average volume of 690,463. The business's fifty day moving average is $937.84 and its two-hundred day moving average is $971.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The company has a market cap of $150.47 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a twelve month low of $766.05 and a twelve month high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last posted its earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, topping the consensus estimate of $10.84 by $0.46. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.81 EPS. As a group, research analysts expect that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be issued a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's payout ratio is presently 50.63%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bank of America cut their price target on BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Barclays upped their price target on BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Wall Street Zen upgraded BlackRock to a "hold" rating in a report on Saturday, May 24th. Morgan Stanley cut their price target on BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their price target on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,082.46.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 2,000 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the sale, the director now owns 66,034 shares in the company, valued at approximately $56,261,628.34. This represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.98% of the company's stock.

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.