Fort Washington Investment Advisors Inc. OH Has $75.80 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Fort Washington Investment Advisors Inc. OH lowered its stake in BlackRock, Inc. (NYSE:BLK) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,274 shares of the asset manager’s stock after selling 213 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in BlackRock were worth $75,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Redmont Wealth Advisors LLC acquired a new position in shares of BlackRock during the 1st quarter worth about $27,000. Private Wealth Management Group LLC acquired a new position in BlackRock during the fourth quarter worth approximately $28,000. Pineridge Advisors LLC bought a new stake in BlackRock in the fourth quarter valued at approximately $28,000. Knuff & Co LLC raised its stake in BlackRock by 48.1% in the fourth quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock valued at $32,000 after buying an additional 13 shares during the period. Finally, Northwest Financial Advisors acquired a new stake in shares of BlackRock in the fourth quarter valued at approximately $32,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Price Performance

BlackRock stock traded up $7.43 during mid-day trading on Friday, reaching $902.30. 478,207 shares of the company were exchanged, compared to its average volume of 590,117. The firm has a market cap of $134.08 billion, a PE ratio of 22.93, a PEG ratio of 1.92 and a beta of 1.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.32 and a quick ratio of 5.32. The company has a fifty day simple moving average of $836.92 and a 200-day simple moving average of $807.82. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $903.46.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, beating analysts’ consensus estimates of $9.96 by $0.40. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.85 billion. BlackRock had a return on equity of 15.53% and a net margin of 32.36%. BlackRock’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.28 earnings per share. As a group, equities research analysts expect that BlackRock, Inc. will post 41.23 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 9th will be paid a $5.10 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a yield of 2.26%. BlackRock’s dividend payout ratio (DPR) is 51.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays started coverage on BlackRock in a research note on Tuesday. They issued an “overweight” rating and a $985.00 price target on the stock. Argus raised their target price on shares of BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Citigroup increased their price target on shares of BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $881.47.

Insider Buying and Selling at BlackRock

In related news, CEO Laurence Fink sold 29,450 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the completion of the sale, the chief executive officer now directly owns 353,718 shares in the company, valued at approximately $298,272,703.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Mark Wiedman sold 27,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $834.42, for a total transaction of $22,529,340.00. Following the completion of the transaction, the director now directly owns 6,480 shares in the company, valued at $5,407,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laurence Fink sold 29,450 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value of $24,833,712.50. Following the sale, the chief executive officer now directly owns 353,718 shares in the company, valued at approximately $298,272,703.50. The disclosure for this sale can be found here. Insiders sold a total of 93,042 shares of company stock worth $79,387,117 over the last three months. Corporate insiders own 0.90% of the company’s stock.

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.