U.S. Capital Wealth Advisors LLC Raises Stock Position in BlackRock (NYSE:BLK)

U.S. Capital Wealth Advisors LLC boosted its stake in shares of BlackRock (NYSE:BLK - Free Report) by 98.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,804 shares of the asset manager's stock after buying an additional 897 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in BlackRock were worth $1,707,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC bought a new position in BlackRock during the fourth quarter valued at about $26,000. Investment Management Corp VA ADV bought a new position in BlackRock during the fourth quarter worth about $30,000. MorganRosel Wealth Management LLC purchased a new position in shares of BlackRock in the first quarter worth about $31,000. Curio Wealth LLC purchased a new position in shares of BlackRock in the fourth quarter worth about $41,000. Finally, Cedar Wealth Management LLC purchased a new position in shares of BlackRock in the fourth quarter worth about $43,000. Institutional investors own 80.69% of the company's stock.

BlackRock Price Performance

Shares of BLK stock traded up $14.95 during trading hours on Thursday, hitting $1,103.70. 467,479 shares of the company's stock were exchanged, compared to its average volume of 694,080. The company has a market capitalization of $170.99 billion, a PE ratio of 26.81, a PEG ratio of 3.25 and a beta of 1.41. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,107.19. The business's 50 day simple moving average is $989.46 and its 200-day simple moving average is $970.84. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.38.

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

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Thursday, June 5th were paid a $5.21 dividend. This represents a $20.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Thursday, June 5th. BlackRock's payout ratio is 50.63%.

Insider Activity at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $912.50, for a total value of $9,125,000.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.98% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on BLK. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,115.00 target price on shares of BlackRock in a research note on Tuesday. Argus reiterated a "buy" rating on shares of BlackRock in a research note on Tuesday. Telsey Advisory Group reiterated an "outperform" rating on shares of BlackRock in a research note on Tuesday. Citigroup cut their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen upgraded shares of BlackRock to a "hold" rating in a research report on Saturday, May 24th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, BlackRock currently has an average rating of "Moderate Buy" and a consensus 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.