BlackRock (NYSE:BLK) Shares Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC increased its holdings in BlackRock (NYSE:BLK - Free Report) by 98.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,804 shares of the asset manager's stock after acquiring an additional 897 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in BlackRock were worth $1,707,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Mascoma Wealth Management LLC lifted its holdings in shares of BlackRock by 9.5% in the 4th quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager's stock valued at $130,000 after acquiring an additional 11 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of BlackRock by 2.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 534 shares of the asset manager's stock valued at $542,000 after acquiring an additional 11 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of BlackRock by 4.5% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 257 shares of the asset manager's stock valued at $263,000 after acquiring an additional 11 shares during the last quarter. Detalus Advisors LLC lifted its holdings in shares of BlackRock by 2.8% in the 1st quarter. Detalus Advisors LLC now owns 409 shares of the asset manager's stock valued at $387,000 after acquiring an additional 11 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in shares of BlackRock by 10.8% in the 4th quarter. Truvestments Capital LLC now owns 123 shares of the asset manager's stock valued at $126,000 after acquiring an additional 12 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Performance

NYSE BLK traded up $12.28 on Thursday, reaching $1,101.03. 123,444 shares of the company's stock traded hands, compared to its average volume of 788,086. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,105.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.34 and a current ratio of 4.34. The stock has a 50 day moving average price of $989.46 and a 200-day moving average price of $970.84. The firm has a market cap of $170.58 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 3.20 and a beta of 1.41.

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

BlackRock Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently weighed in on BLK. Argus reissued a "buy" rating on shares of BlackRock in a research report on Tuesday. Wells Fargo & Company reissued an "overweight" rating on shares of BlackRock in a report on Tuesday. Morgan Stanley reissued an "overweight" rating and set a $1,164.00 price objective on shares of BlackRock in a report on Tuesday. Barclays raised their target price on shares of BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. Finally, Citigroup lowered their target price on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,108.62.

Insiders Place Their Bets

In related news, Director J. Richard Kushel sold 10,000 shares of the business's 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 transaction, the director directly owned 66,034 shares in the company, valued at approximately $60,256,025. The trade was a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.98% of the company's stock.

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.