Quattro Financial Advisors LLC Takes $525,000 Position in BlackRock (NYSE:BLK)

Quattro Financial Advisors LLC acquired a new stake in shares of BlackRock (NYSE:BLK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 555 shares of the asset manager's stock, valued at approximately $525,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of BlackRock by 6.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager's stock worth $67,038,000 after acquiring an additional 4,210 shares in the last quarter. Polar Capital Holdings Plc bought a new stake in BlackRock during the 4th quarter valued at about $15,307,000. Community Financial Services Group LLC boosted 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 valued at $5,397,000 after purchasing an additional 836 shares during the period. Kennedy Investment Group bought a new position in shares of BlackRock during the 1st quarter worth $568,000. Finally, 3Chopt Investment Partners LLC bought a new position in shares of BlackRock during the 1st quarter worth $578,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Telsey Advisory Group restated an "outperform" rating on shares of BlackRock in a research note on Tuesday. Wells Fargo & Company reaffirmed an "overweight" rating on shares of BlackRock in a report on Tuesday. Wall Street Zen upgraded BlackRock to a "hold" rating in a research report on Saturday, May 24th. UBS Group restated a "neutral" rating and issued a $980.00 target price on shares of BlackRock in a research report on Tuesday. Finally, Argus restated a "buy" rating on shares of BlackRock in a research report on Tuesday. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, BlackRock has an average rating of "Moderate Buy" and a consensus price target of $1,108.62.

BlackRock Trading Down 0.0%

NYSE:BLK traded down $0.05 on Tuesday, reaching $1,075.92. The company's stock had a trading volume of 498,806 shares, compared to its average volume of 796,955. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,086.84. 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 firm has a market cap of $166.69 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 3.26 and a beta of 1.41. The stock has a 50 day moving average price of $982.91 and a 200 day moving average price of $969.29.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, beating 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 analysts' expectations of $5.47 billion. During the same period in the previous year, the firm posted $9.81 earnings per share. The company's revenue was up 11.6% on a year-over-year basis. On average, equities analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Thursday, June 5th were paid a dividend of $5.21 per share. The ex-dividend date was Thursday, June 5th. This represents a $20.84 annualized dividend and a yield of 1.94%. BlackRock's payout ratio is 50.63%.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 10,000 shares of the business's stock in a transaction on Thursday, April 24th. The stock was 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.98% of the stock is owned by insiders.

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.