Capital Advisors Inc. OK Has $716,000 Stock Position in BlackRock $BLK

Capital Advisors Inc. OK cut its position in BlackRock (NYSE:BLK) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 682 shares of the asset manager’s stock after selling 15 shares during the period. Capital Advisors Inc. OK’s holdings in BlackRock were worth $716,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BLK. Brighton Jones LLC raised its position in BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock valued at $1,615,000 after purchasing an additional 296 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of BlackRock by 1.6% in the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after buying an additional 17 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in BlackRock by 5.2% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,250 shares of the asset manager’s stock worth $1,183,000 after buying an additional 62 shares in the last quarter. Bank of New Hampshire bought a new stake in BlackRock during the 1st quarter worth about $439,000. Finally, Capital Investment Advisors LLC increased its position in BlackRock by 3.4% in the 1st quarter. Capital Investment Advisors LLC now owns 1,506 shares of the asset manager’s stock valued at $1,426,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity

In other news, Director J. Richard Kushel sold 17,142 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the completion of the transaction, the director owned 61,369 shares of the company’s stock, valued at $68,763,964.50. The trade was a 21.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laurence Fink sold 14,828 shares of the firm’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $1,122.28, for a total value of $16,641,167.84. Following the sale, the chief executive officer directly owned 263,751 shares in the company, valued at $296,002,472.28. The trade was a 5.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,494 shares of company stock worth $74,694,573 in the last ninety days. Company insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BLK shares. BMO Capital Markets began coverage on shares of BlackRock in a research report on Friday. They set an “outperform” rating and a $1,280.00 target price on the stock. Bank of America upped their price objective on BlackRock from $1,224.00 to $1,396.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Keefe, Bruyette & Woods lowered their target price on BlackRock from $1,247.00 to $1,224.00 and set an “outperform” rating for the company in a research note on Wednesday, July 16th. Barclays upped their price target on BlackRock from $990.00 to $1,220.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group raised their price target on BlackRock from $1,163.00 to $1,312.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $1,222.87.

BlackRock Stock Up 1.7%

NYSE:BLK opened at $1,179.86 on Tuesday. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.39. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,184.13. The stock’s fifty day simple moving average is $1,130.91 and its 200-day simple moving average is $1,030.30. The firm has a market capitalization of $182.70 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.18 and a beta of 1.45.

BlackRock (NYSE:BLK) last released its earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share 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 for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the firm posted $10.36 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. Equities research analysts expect that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 5th were paid a dividend of $5.21 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $20.84 annualized dividend and a yield of 1.8%. BlackRock’s dividend payout ratio (DPR) is presently 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.