BlackRock $BLK Stock Position Increased by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. boosted its position in BlackRock (NYSE:BLK) by 20.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,243 shares of the asset manager’s stock after purchasing an additional 210 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in BlackRock were worth $1,305,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Garde Capital Inc. raised its position in shares of BlackRock by 200.0% during the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after buying an additional 18 shares in the last quarter. Fairway Wealth LLC raised its position in shares of BlackRock by 76.5% during the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock worth $28,000 after buying an additional 13 shares in the last quarter. Game Plan Financial Advisors LLC raised its position in shares of BlackRock by 100.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock worth $28,000 after buying an additional 15 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of BlackRock during the 1st quarter worth about $31,000. Finally, Cheviot Value Management LLC bought a new stake in shares of BlackRock during the 1st quarter worth about $30,000. 80.69% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director J. Richard Kushel sold 17,142 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $1,120.50, for a total transaction of $19,207,611.00. Following the sale, the director owned 61,369 shares in the company, valued at $68,763,964.50. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rachel Lord sold 18,036 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total transaction of $20,301,321.60. Following the sale, the director owned 19,205 shares in the company, valued at $21,617,148. This represents a 48.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,494 shares of company stock worth $74,694,573 over the last three months. 1.98% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on BLK shares. JPMorgan Chase & Co. boosted their price target on shares of BlackRock from $1,093.00 to $1,242.00 and gave the stock a “neutral” rating in a research report on Thursday. Bank of America boosted their price target on shares of BlackRock from $1,224.00 to $1,396.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group reiterated a “neutral” rating and issued a $980.00 target price on shares of BlackRock in a report on Tuesday, July 8th. Argus reiterated a “buy” rating on shares of BlackRock in a report on Tuesday, July 8th. Finally, Morgan Stanley dropped their target price on shares of BlackRock from $1,247.00 to $1,224.00 and set an “overweight” rating on the stock in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,213.67.

BlackRock Stock Up 0.0%

BLK stock opened at $1,160.75 on Friday. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,183.50. The company’s 50 day simple moving average is $1,129.67 and its 200-day simple moving average is $1,028.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04. The firm has a market capitalization of $179.74 billion, a P/E ratio of 28.06, a P/E/G ratio of 2.22 and a beta of 1.45.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.41 by $1.64. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the business earned $10.36 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. As a group, equities research analysts anticipate that BlackRock will post 47.41 EPS for the current year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th were issued a dividend of $5.21 per share. The ex-dividend date was Friday, September 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.8%. BlackRock’s payout ratio is currently 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.