Lineweaver Wealth Advisors LLC Has $3.49 Million Stock Holdings in BlackRock (NYSE:BLK)

Lineweaver Wealth Advisors LLC lifted its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 22.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,672 shares of the asset manager's stock after acquiring an additional 676 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in BlackRock were worth $3,493,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of BlackRock by 104,598.9% during the first quarter. GAMMA Investing LLC now owns 3,500,083 shares of the asset manager's stock valued at $3,312,759,000 after purchasing an additional 3,496,740 shares during the last quarter. Norges Bank bought a new position in shares of BlackRock during the fourth quarter valued at approximately $2,356,357,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of BlackRock by 401.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,095,241 shares of the asset manager's stock valued at $1,122,743,000 after purchasing an additional 876,836 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of BlackRock during the fourth quarter valued at approximately $572,730,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of BlackRock by 18.6% during the fourth quarter. Ameriprise Financial Inc. now owns 2,100,163 shares of the asset manager's stock valued at $2,152,907,000 after purchasing an additional 329,244 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $912.50, for a total transaction of $9,125,000.00. Following the sale, the director directly owned 66,034 shares of the company's stock, valued at $60,256,025. The trade was a 13.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.98% of the stock is currently owned by company insiders.

BlackRock Price Performance

Shares of NYSE:BLK traded up $36.28 on Wednesday, reaching $1,082.44. 1,407,097 shares of the company traded hands, compared to its average volume of 700,519. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,112.13. The company's 50 day moving average is $1,003.13 and its 200-day moving average is $971.46. The stock has a market capitalization of $167.70 billion, a PE ratio of 26.17, a P/E/G ratio of 2.12 and a beta of 1.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.34 and a quick ratio of 4.34.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.41 by $1.64. BlackRock had a net margin of 29.68% and a return on equity of 15.83%. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the business earned $10.36 EPS. The company's revenue was up 12.9% on a year-over-year basis. As a group, analysts anticipate that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th were paid a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a yield of 1.93%. The ex-dividend date was Thursday, June 5th. BlackRock's dividend payout ratio (DPR) is currently 50.63%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BLK shares. Keefe, Bruyette & Woods lowered their target price on BlackRock from $1,247.00 to $1,224.00 and set an "outperform" rating for the company in a report on Wednesday. UBS Group reaffirmed a "neutral" rating and set a $980.00 target price on shares of BlackRock in a report on Tuesday, July 8th. Wells Fargo & Company reduced their price objective on BlackRock from $1,180.00 to $1,170.00 and set an "overweight" rating for the company in a research report on Wednesday. Morgan Stanley reduced their price objective on BlackRock from $1,247.00 to $1,224.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Wall Street Zen upgraded BlackRock to a "hold" rating in a research report on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, BlackRock has an average rating of "Moderate Buy" and a consensus price target of $1,151.21.

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.