254 Shares in BlackRock $BLK Acquired by Vista Cima Wealth Management LLC

Key Points

• Vista Cima Wealth Management LLC invested $240,000 to acquire 254 shares of BlackRock (NYSE:BLK) in the first quarter, according to their recent SEC filing.
• Insider trading activity includes Rachel Lord selling 18,036 shares for over $20 million, reducing her stake by 48.43%, while Fabrizio Freda sold 4,434 shares, decreasing his position by 55.84%.
• BlackRock's recent earnings report indicated earnings per share of $12.05, exceeding estimates, with a quarterly revenue growth of 12.9% year-on-year.

Vista Cima Wealth Management LLC bought a new stake in BlackRock (NYSE:BLK - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 254 shares of the asset manager's stock, valued at approximately $240,000.

Other institutional investors also recently added to or reduced their stakes in the company. Anderson Financial Strategies LLC purchased a new position in shares of BlackRock during the first quarter worth approximately $33,000. Strs Ohio acquired a new stake in BlackRock during the 1st quarter worth $41,493,000. Intrua Financial LLC grew its position in BlackRock by 15.3% during the 1st quarter. Intrua Financial LLC now owns 763 shares of the asset manager's stock worth $722,000 after purchasing an additional 101 shares during the last quarter. Addison Capital Co increased its stake in BlackRock by 4.8% in the first quarter. Addison Capital Co now owns 3,570 shares of the asset manager's stock valued at $3,379,000 after purchasing an additional 165 shares during the period. Finally, Turn8 Private Wealth Inc. raised its holdings in shares of BlackRock by 4.0% in the first quarter. Turn8 Private Wealth Inc. now owns 3,412 shares of the asset manager's stock valued at $3,229,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BLK. Evercore ISI raised their price target on BlackRock from $1,170.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Bank of America increased their price objective on BlackRock from $1,214.00 to $1,224.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their target price on BlackRock from $1,018.00 to $1,093.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $1,115.00 price target on shares of BlackRock in a report on Tuesday, July 8th. Finally, Barclays boosted their price objective on shares of BlackRock from $990.00 to $1,220.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, BlackRock currently has a consensus rating of "Moderate Buy" and an average price target of $1,154.07.

Insider Activity

In other BlackRock news, CEO Laurence Fink sold 12,054 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $1,125.43, for a total value of $13,565,933.22. Following the sale, the chief executive officer directly owned 251,697 shares of the company's stock, valued at approximately $283,267,354.71. This trade represents a 4.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Fabrizio Freda sold 4,434 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $1,122.81, for a total transaction of $4,978,539.54. Following the transaction, the director directly owned 3,506 shares of the company's stock, valued at approximately $3,936,571.86. This represents a 55.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,494 shares of company stock valued at $74,694,573 over the last quarter. Insiders own 1.98% of the company's stock.

BlackRock Price Performance

NYSE:BLK traded down $9.84 during trading hours on Friday, hitting $1,124.34. The company's stock had a trading volume of 544,785 shares, compared to its average volume of 436,451. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,171.89. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. The business's 50-day moving average is $1,115.88 and its two-hundred day moving average is $1,007.38. The company has a market capitalization of $174.10 billion, a PE ratio of 27.18, a PEG ratio of 2.17 and a beta of 1.45.

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

BlackRock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors 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 1.9%. BlackRock's dividend payout ratio (DPR) is 50.39%.

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.