BlackRock, Inc. (NYSE:BLK) Shares Sold by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC lessened its position in shares of BlackRock, Inc. (NYSE:BLK) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,556 shares of the asset manager’s stock after selling 61 shares during the quarter. Genesee Capital Advisors LLC’s holdings in BlackRock were worth $1,477,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BLK. First Hawaiian Bank acquired a new stake in shares of BlackRock in the first quarter valued at about $200,000. RFG Advisory LLC grew its position in shares of BlackRock by 3.2% in the first quarter. RFG Advisory LLC now owns 1,627 shares of the asset manager’s stock valued at $1,356,000 after purchasing an additional 50 shares during the period. International Assets Investment Management LLC boosted its position in BlackRock by 10.5% during the first quarter. International Assets Investment Management LLC now owns 874 shares of the asset manager’s stock worth $722,000 after acquiring an additional 83 shares during the last quarter. AdvisorNet Financial Inc boosted its position in BlackRock by 32.8% during the first quarter. AdvisorNet Financial Inc now owns 498 shares of the asset manager’s stock worth $415,000 after acquiring an additional 123 shares during the last quarter. Finally, Austin Private Wealth LLC boosted its position in BlackRock by 13.1% during the first quarter. Austin Private Wealth LLC now owns 424 shares of the asset manager’s stock worth $345,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director Pamela Daley sold 1,531 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the sale, the director now directly owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Pamela Daley sold 1,531 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the transaction, the director now directly owns 5,732 shares of the company’s stock, valued at $4,826,802.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the transaction, the director now directly owns 6,480 shares in the company, valued at $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,042 shares of company stock valued at $56,857,777. Insiders own 0.90% of the company’s stock.

BlackRock Trading Down 0.6 %

Shares of BlackRock stock traded down $6.37 on Monday, reaching $1,000.65. The company had a trading volume of 137,374 shares, compared to its average volume of 575,672. The firm’s 50 day moving average price is $915.45 and its two-hundred day moving average price is $837.66. The firm has a market cap of $148.70 billion, a PE ratio of 25.56, a PEG ratio of 1.94 and a beta of 1.30. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $1,032.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06.

BlackRock (NYSE:BLK) last released its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $10.91 EPS. Sell-side analysts predict that BlackRock, Inc. will post 41.73 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, September 9th. BlackRock’s dividend payout ratio is presently 51.84%.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Morgan Stanley boosted their price target on shares of BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods boosted their price target on shares of BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Barclays boosted their price target on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, The Goldman Sachs Group lifted their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus price target of $995.31.

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.