Brandywine Oak Private Wealth LLC Sells 11 Shares of BlackRock $BLK

Brandywine Oak Private Wealth LLC reduced its position in BlackRock (NYSE:BLK) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,143 shares of the asset manager’s stock after selling 11 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in BlackRock were worth $1,199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. McLean Asset Management Corp boosted its position in BlackRock by 3.9% in the 2nd quarter. McLean Asset Management Corp now owns 266 shares of the asset manager’s stock worth $285,000 after purchasing an additional 10 shares in the last quarter. Trust Co. of Oklahoma boosted its position in BlackRock by 0.5% in the 2nd quarter. Trust Co. of Oklahoma now owns 2,023 shares of the asset manager’s stock worth $2,123,000 after purchasing an additional 10 shares in the last quarter. TOWER TRUST & INVESTMENT Co boosted its position in BlackRock by 1.3% in the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 799 shares of the asset manager’s stock worth $838,000 after purchasing an additional 10 shares in the last quarter. Ashton Thomas Securities LLC boosted its position in BlackRock by 4.7% in the 2nd quarter. Ashton Thomas Securities LLC now owns 223 shares of the asset manager’s stock worth $234,000 after purchasing an additional 10 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its position in BlackRock by 8.8% in the 2nd quarter. Ameriflex Group Inc. now owns 123 shares of the asset manager’s stock worth $127,000 after purchasing an additional 10 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other BlackRock news, Director Rachel Lord sold 18,036 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the completion of the sale, the director directly owned 19,205 shares of the company’s stock, valued at $21,617,148. This trade represents a 48.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J. Richard Kushel sold 17,142 shares of the firm’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the completion of the sale, the director directly owned 61,369 shares of the company’s stock, valued at $68,763,964.50. This trade represents a 21.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,494 shares of company stock valued at $74,694,573 over the last 90 days. Insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America increased their target price on BlackRock from $1,224.00 to $1,396.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Barclays increased their target price on BlackRock from $1,210.00 to $1,310.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company decreased their target price on BlackRock from $1,180.00 to $1,170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 16th. Evercore ISI increased their target price on BlackRock from $1,200.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their target price on BlackRock from $1,163.00 to $1,312.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,258.13.

BlackRock Stock Up 0.1%

NYSE BLK opened at $1,165.64 on Friday. The business has a fifty day moving average price of $1,134.03 and a 200 day moving average price of $1,033.55. BlackRock has a one year low of $773.74 and a one year high of $1,184.13. 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 company has a market cap of $180.50 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.21 and a beta of 1.45.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 EPS for the quarter, beating the consensus estimate of $10.41 by $1.64. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the company earned $10.36 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. Research analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th were paid a $5.21 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.8%. BlackRock’s dividend payout ratio (DPR) is 50.39%.

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.