Consilio Wealth Advisors LLC Buys Shares of 201 BlackRock $BLK
by Kim Johansen · The Markets DailyConsilio Wealth Advisors LLC bought a new stake in BlackRock (NYSE:BLK – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 201 shares of the asset manager’s stock, valued at approximately $211,000.
Several other institutional investors have also recently bought and sold shares of the company. Evernest Financial Advisors LLC lifted its stake in BlackRock by 13.3% in the 2nd quarter. Evernest Financial Advisors LLC now owns 536 shares of the asset manager’s stock valued at $563,000 after acquiring an additional 63 shares in the last quarter. PB Investment Partners L.P. bought a new stake in BlackRock in the 2nd quarter valued at approximately $10,869,000. Turtle Creek Wealth Advisors LLC lifted its stake in BlackRock by 12.9% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 12,083 shares of the asset manager’s stock valued at $12,678,000 after acquiring an additional 1,382 shares in the last quarter. WealthPlan Investment Management LLC bought a new stake in BlackRock in the 2nd quarter valued at approximately $277,000. Finally, Uptick Partners LLC bought a new stake in BlackRock in the 2nd quarter valued at approximately $343,000. Institutional investors own 80.69% of the company’s stock.
BlackRock Stock Down 2.6%
BLK opened at $1,171.69 on Friday. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,219.94. The stock’s fifty day simple moving average is $1,140.11 and its 200 day simple moving average is $1,040.78. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The stock has a market cap of $181.44 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.
BlackRock (NYSE:BLK – Get Free Report) last posted its quarterly earnings results on Tuesday, October 14th. The asset manager reported $11.55 earnings per share for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a net margin of 26.64% and a return on equity of 15.36%. The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.22 billion. During the same quarter last year, the company posted $11.46 EPS. The firm’s revenue was up 25.2% on a year-over-year basis. As a group, research analysts expect that BlackRock will post 47.41 earnings per share for the current year.
BlackRock Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th were issued a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 5th. BlackRock’s dividend payout ratio is currently 50.39%.
Insider Transactions at BlackRock
In other BlackRock news, Director J. Richard Kushel sold 17,142 shares of the company’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 transaction, the director directly owned 61,369 shares of the company’s stock, valued at $68,763,964.50. This represents a 21.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Fabrizio Freda sold 4,434 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the completion of the transaction, the director directly owned 3,506 shares in the company, valued at approximately $3,936,571.86. This represents a 55.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,494 shares of company stock valued at $74,694,573. Corporate insiders own 1.98% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on BLK shares. Cowen reiterated a “buy” rating on shares of BlackRock in a research note on Wednesday. Citigroup upped their price objective on BlackRock from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Argus upped their price objective on BlackRock from $1,165.00 to $1,330.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of BlackRock in a research note on Wednesday, October 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of BlackRock in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,300.81.
View Our Latest Analysis on BlackRock
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.
Read More
- Five stocks we like better than BlackRock
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Salesforce’s Long-Awaited Inflection is Here: Rally On!
- What is a support level?
- Rocket Lab USA Receives Wall Street Validation: Time to Buy?
- How to Short Nasdaq: An Easy-to-Follow Guide
- Archer Buys Rival’s Patent Treasure Trove in Strategic Move
Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK – Free Report).