Fidelis Capital Partners LLC Sells 245 Shares of BlackRock (NYSE:BLK)

Fidelis Capital Partners LLC reduced its stake in BlackRock (NYSE:BLK - Free Report) by 11.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,872 shares of the asset manager's stock after selling 245 shares during the period. Fidelis Capital Partners LLC's holdings in BlackRock were worth $1,699,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Polar Capital Holdings Plc bought a new stake in BlackRock during the fourth quarter valued at $15,307,000. Community Financial Services Group LLC increased its holdings in shares of BlackRock by 17.2% in the first quarter. Community Financial Services Group LLC now owns 5,702 shares of the asset manager's stock worth $5,397,000 after buying an additional 836 shares during the period. Kennedy Investment Group purchased a new position in shares of BlackRock in the first quarter worth about $568,000. 3Chopt Investment Partners LLC purchased a new position in shares of BlackRock in the first quarter worth about $578,000. Finally, State of Alaska Department of Revenue increased its holdings in shares of BlackRock by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 17,057 shares of the asset manager's stock worth $16,144,000 after buying an additional 457 shares during the period. 80.69% of the stock is owned by institutional investors.

BlackRock Price Performance

BLK stock traded down $1.42 during trading on Friday, reaching $1,102.63. The company's stock had a trading volume of 545,380 shares, compared to its average volume of 693,726. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,106.39. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $170.83 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 2.24 and a beta of 1.41. The company's fifty day moving average is $993.20 and its 200-day moving average is $971.28.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. BlackRock had a return on equity of 15.57% and a net margin of 30.09%. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the prior year, the business posted $9.81 EPS. BlackRock's revenue for the quarter was up 11.6% compared to the same quarter last year. On average, research analysts expect that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th were issued a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, June 5th. BlackRock's dividend payout ratio (DPR) is presently 50.63%.

Insider Activity at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 66,034 shares of the company's stock, valued at $60,256,025. This represents a 13.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.98% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of research analyst reports. Wells Fargo & Company restated an "overweight" rating on shares of BlackRock in a report on Tuesday. Telsey Advisory Group reissued an "outperform" rating on shares of BlackRock in a research report on Tuesday. UBS Group reaffirmed a "neutral" rating and issued a $980.00 price objective on shares of BlackRock in a research report on Tuesday. Argus reaffirmed a "buy" rating on shares of BlackRock in a research report on Tuesday. Finally, Barclays boosted their target price on shares of BlackRock from $990.00 to $1,220.00 and gave the company an "overweight" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,132.29.

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.