BlackRock $BLK Shares Acquired by Capital Analysts LLC

Key Points

• Capital Analysts LLC increased its holdings in BlackRock by 7.9% in Q1, now owning 4,489 shares valued at approximately $4.25 million.
• BlackRock reported $12.05 earnings per share in its latest earnings release, exceeding analysts' expectations and reflecting a 12.9% year-over-year revenue growth.
• The company will pay a quarterly dividend of $5.21 per share on September 23rd, with a dividend yield of 1.8%.

Capital Analysts LLC lifted its position in BlackRock (NYSE:BLK - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,489 shares of the asset manager's stock after purchasing an additional 328 shares during the quarter. Capital Analysts LLC's holdings in BlackRock were worth $4,249,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Level Four Advisory Services LLC raised its stake in shares of BlackRock by 2.0% in the first quarter. Level Four Advisory Services LLC now owns 10,901 shares of the asset manager's stock worth $10,319,000 after purchasing an additional 215 shares during the last quarter. Venture Visionary Partners LLC raised its stake in shares of BlackRock by 4.4% in the first quarter. Venture Visionary Partners LLC now owns 11,839 shares of the asset manager's stock worth $11,206,000 after purchasing an additional 494 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of BlackRock by 13.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,264 shares of the asset manager's stock worth $4,034,000 after purchasing an additional 505 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. raised its stake in shares of BlackRock by 13.5% in the first quarter. Sumitomo Mitsui Financial Group Inc. now owns 19,695 shares of the asset manager's stock worth $18,641,000 after purchasing an additional 2,347 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc raised its stake in shares of BlackRock by 8.2% in the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 238 shares of the asset manager's stock worth $225,000 after purchasing an additional 18 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. The Goldman Sachs Group restated a "buy" rating and issued a $1,115.00 price objective on shares of BlackRock in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on BlackRock from $1,018.00 to $1,093.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded BlackRock to a "hold" rating in a research note on Saturday, May 24th. Wells Fargo & Company lowered their target price on BlackRock from $1,180.00 to $1,170.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 16th. Finally, Zacks Research downgraded BlackRock from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, BlackRock presently has an average rating of "Moderate Buy" and an average target price of $1,151.21.

BlackRock Stock Performance

Shares of BLK traded up $23.1220 during mid-day trading on Friday, reaching $1,147.8720. The company had a trading volume of 433,646 shares, compared to its average volume of 482,641. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,171.89. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $177.75 billion, a P/E ratio of 27.75, a PEG ratio of 2.15 and a beta of 1.42. The stock has a 50 day moving average of $1,086.01 and a two-hundred day moving average of $992.76.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.41 by $1.64. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.40 billion. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.BlackRock's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.36 earnings per share. On average, analysts expect that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Announces Dividend

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 dividend of $5.21 per share. The ex-dividend date is Friday, September 5th. This represents a $20.84 dividend on an annualized basis and a yield of 1.8%. BlackRock's dividend payout ratio is currently 50.39%.

Insiders Place Their Bets

In other BlackRock news, CEO Laurence Fink sold 14,828 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $1,122.28, for a total transaction of $16,641,167.84. Following the transaction, the chief executive officer owned 263,751 shares in the company, valued at approximately $296,002,472.28. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Fabrizio Freda sold 4,434 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the transaction, the director owned 3,506 shares in the company, valued at $3,936,571.86. This represents a 55.84% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,494 shares of company stock worth $74,694,573. Company insiders own 1.98% of the company's stock.

BlackRock 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.