Venture Visionary Partners LLC Has $11.21 Million Stake in BlackRock $BLK

Venture Visionary Partners LLC boosted its holdings in shares of BlackRock (NYSE:BLK) by 4.4% in the first quarter, HoldingsChannel reports. The firm owned 11,839 shares of the asset manager’s stock after acquiring an additional 494 shares during the period. Venture Visionary Partners LLC’s holdings in BlackRock were worth $11,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Investment Management Corp VA ADV bought a new position in shares of BlackRock in the 4th quarter worth $30,000. Fairway Wealth LLC boosted its position in shares of BlackRock by 76.5% in the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock worth $28,000 after purchasing an additional 13 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of BlackRock in the 1st quarter worth $31,000. Cheviot Value Management LLC bought a new position in shares of BlackRock in the 1st quarter worth $30,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in BlackRock during the first quarter worth about $34,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on BLK. Wall Street Zen upgraded BlackRock to a “hold” rating in a report on Saturday, May 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $1,115.00 target price on shares of BlackRock in a report on Tuesday, July 8th. Zacks Research downgraded BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Telsey Advisory Group reissued an “outperform” rating on shares of BlackRock in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group lifted their price target on BlackRock from $959.00 to $1,210.00 in a research note on Thursday, July 10th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,151.21.

Insider Transactions at BlackRock

In related news, Director Fabrizio Freda sold 4,434 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $1,122.81, for a total transaction of $4,978,539.54. Following the sale, the director owned 3,506 shares of the company’s stock, valued at $3,936,571.86. This represents a 55.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director J. Richard Kushel sold 17,142 shares of the stock in a transaction that occurred 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 sale, the director directly owned 61,369 shares in the company, valued at $68,763,964.50. This represents a 21.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,494 shares of company stock worth $74,694,573. Insiders own 1.98% of the company’s stock.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,136.35 on Tuesday. The business’s 50 day moving average price is $1,074.33 and its two-hundred day moving average price is $989.18. The company has a market cap of $175.96 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 2.28 and a beta of 1.42. 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 twelve month low of $773.74 and a twelve month high of $1,171.89.

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

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be issued a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, September 5th. 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.