Oakworth Capital Inc. Buys 128 Shares of BlackRock, Inc. (NYSE:BLK)

Oakworth Capital Inc. raised its stake in BlackRock, Inc. (NYSE:BLK) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 894 shares of the asset manager’s stock after purchasing an additional 128 shares during the quarter. Oakworth Capital Inc.’s holdings in BlackRock were worth $849,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new position in BlackRock in the first quarter valued at approximately $27,000. Fairscale Capital LLC bought a new position in shares of BlackRock during the 2nd quarter worth approximately $31,000. Chilton Capital Management LLC bought a new position in shares of BlackRock during the 1st quarter worth approximately $38,000. City Holding Co. bought a new position in shares of BlackRock during the 3rd quarter worth approximately $55,000. Finally, Olistico Wealth LLC bought a new position in shares of BlackRock during the 2nd quarter worth approximately $53,000. 80.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Pamela Daley sold 1,531 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the sale, the director now directly owns 5,732 shares in the company, valued at $4,826,802.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Pamela Daley sold 1,531 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the sale, the director now directly owns 5,732 shares in the company, valued at $4,826,802.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Wiedman sold 11,061 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $852.95, for a total value of $9,434,479.95. Following the completion of the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,527,116. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,042 shares of company stock worth $56,857,777 in the last ninety days. 0.90% of the stock is owned by insiders.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,000.53 on Tuesday. The stock has a market capitalization of $148.68 billion, a PE ratio of 25.43, a P/E/G ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The business has a fifty day moving average price of $918.70 and a two-hundred day moving average price of $839.13. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $1,032.00.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.42 by $1.04. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.91 EPS. As a group, equities analysts predict that BlackRock, Inc. will post 41.73 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were given a dividend of $5.10 per share. The ex-dividend date was Monday, September 9th. This represents a $20.40 annualized dividend and a dividend yield of 2.04%. BlackRock’s dividend payout ratio is currently 51.84%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BLK. UBS Group reduced their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods lifted their target price on BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Argus lifted their target price on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Citigroup lifted their target price on BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, StockNews.com assumed coverage on BlackRock in a report on Sunday. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $995.31.

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.