Values Added Financial LLC Purchases 19 Shares of BlackRock $BLK

Values Added Financial LLC increased its position in shares of BlackRock (NYSE:BLK) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 381 shares of the asset manager’s stock after acquiring an additional 19 shares during the quarter. Values Added Financial LLC’s holdings in BlackRock were worth $400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BLK. Brighton Jones LLC boosted its stake in BlackRock by 23.1% during the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 296 shares during the last quarter. Bison Wealth LLC boosted its stake in BlackRock by 1.6% during the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock worth $1,078,000 after acquiring an additional 17 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in BlackRock by 11.7% in the first quarter. Farther Finance Advisors LLC now owns 2,561 shares of the asset manager’s stock valued at $2,418,000 after buying an additional 269 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in BlackRock by 112.9% in the first quarter. Pallas Capital Advisors LLC now owns 1,135 shares of the asset manager’s stock valued at $1,073,000 after buying an additional 602 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in BlackRock in the first quarter valued at approximately $674,000. Institutional investors own 80.69% of the company’s stock.

Insider Activity

In related news, CEO Laurence Fink sold 14,828 shares of the business’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $1,122.28, for a total transaction of $16,641,167.84. Following the transaction, the chief executive officer directly owned 263,751 shares in the company, valued at approximately $296,002,472.28. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rachel Lord sold 18,036 shares of the business’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total transaction of $20,301,321.60. Following the transaction, the director owned 19,205 shares in the company, valued at approximately $21,617,148. The trade was a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,494 shares of company stock valued at $74,694,573 in the last ninety days. Corporate insiders own 1.98% of the company’s stock.

Analysts Set New Price Targets

BLK has been the topic of a number of research reports. Zacks Research lowered shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BlackRock in a research note on Wednesday. The Goldman Sachs Group lifted their price target on shares of BlackRock from $1,163.00 to $1,312.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Barclays lifted their price target on shares of BlackRock from $1,210.00 to $1,310.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group lifted their price target on shares of BlackRock from $1,196.00 to $1,325.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,254.47.

BlackRock Price Performance

NYSE BLK opened at $1,163.72 on Thursday. 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 company has a market capitalization of $180.21 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.45. The firm’s 50 day moving average is $1,132.82 and its 200-day moving average is $1,032.16.

BlackRock (NYSE:BLK) last posted its quarterly earnings data 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. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.40 billion. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $10.36 earnings per share. Equities research analysts anticipate that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 5th were issued a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 5th. BlackRock’s payout ratio is presently 50.39%.

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.