Revolve Wealth Partners LLC acquired a new position in shares of BlackRock, Inc. (NYSE:BLK – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 282 shares of the asset manager’s stock, valued at approximately $268,000.
Other large investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new position in shares of BlackRock in the 1st quarter worth about $27,000. Fairscale Capital LLC bought a new position in shares of BlackRock in the 2nd quarter worth about $31,000. Chilton Capital Management LLC bought a new position in shares of BlackRock in the 1st quarter worth about $38,000. Olistico Wealth LLC bought a new position in shares of BlackRock in the 2nd quarter worth about $53,000. Finally, ORG Partners LLC lifted its position in shares of BlackRock by 257.9% in the 2nd quarter. ORG Partners LLC now owns 68 shares of the asset manager’s stock worth $54,000 after buying an additional 49 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the sale, the director now directly owns 5,732 shares in the company, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the sale, the director now directly owns 5,732 shares in the company, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark Wiedman sold 11,061 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $852.95, for a total transaction of $9,434,479.95. Following the sale, the director now owns 6,480 shares of the company’s stock, valued at $5,527,116. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,042 shares of company stock worth $56,857,777. Corporate insiders own 0.90% of the company’s stock.
BlackRock Stock Up 0.5 %
BlackRock (NYSE:BLK – Get Free Report) last released its earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating the consensus estimate of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. BlackRock’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $10.91 EPS. On average, analysts expect that BlackRock, Inc. will post 41.73 EPS for the current fiscal year.
BlackRock Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, September 9th. BlackRock’s payout ratio is 51.84%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on BLK shares. Evercore ISI raised their price target on shares of BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods lifted their price objective on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. TD Cowen lifted their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, UBS Group cut their price objective on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $991.46.
Check Out Our Latest Analysis on BlackRock
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.
Featured Stories
- Five stocks we like better than BlackRock
- Dividend Payout Ratio Calculator
- Is Spotify Stock Poised to Soar? Options Traders Think So
- What is the Dow Jones Industrial Average (DJIA)?
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- What is the Nikkei 225 index?
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK – Free Report).
Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.