Embree Financial Group Has $4 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Embree Financial Group decreased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,084 shares of the asset manager’s stock after selling 96 shares during the quarter. BlackRock comprises approximately 0.8% of Embree Financial Group’s investment portfolio, making the stock its 26th largest holding. Embree Financial Group’s holdings in BlackRock were worth $4,003,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BLK. Redmont Wealth Advisors LLC bought a new position in BlackRock in the first quarter worth approximately $27,000. Private Wealth Management Group LLC bought a new position in shares of BlackRock in the 4th quarter worth $28,000. Pineridge Advisors LLC acquired a new stake in BlackRock in the 4th quarter valued at $28,000. Northwest Financial Advisors bought a new stake in BlackRock during the 4th quarter valued at $32,000. Finally, Lam Group Inc. acquired a new position in BlackRock during the first quarter worth $33,000. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BLK. Deutsche Bank Aktiengesellschaft boosted their target price 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. Citigroup lifted their target price on BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Morgan Stanley lowered their price target on BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. TD Cowen cut their price objective on shares of BlackRock from $974.00 to $969.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Finally, UBS Group lowered their target price on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BlackRock has an average rating of “Moderate Buy” and an average target price of $881.47.

BlackRock Stock Up 0.8 %

BLK stock opened at $901.81 on Monday. The stock has a 50-day simple moving average of $839.20 and a two-hundred day simple moving average of $808.90. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $903.46. The firm has a market capitalization of $134.01 billion, a PE ratio of 22.92, a PEG ratio of 1.97 and a beta of 1.32. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, beating the consensus estimate of $9.96 by $0.40. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the company earned $9.28 earnings per share. BlackRock’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts predict that BlackRock, Inc. will post 41.34 EPS for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 9th will be given a dividend of $5.10 per share. This represents a $20.40 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, September 9th. BlackRock’s payout ratio is 51.84%.

Insiders Place Their Bets

In other news, Director Mark Wiedman sold 27,000 shares of the firm’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 sale, the director now owns 6,480 shares in the company, valued at approximately $5,407,041.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Mark Wiedman sold 27,000 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total transaction of $22,529,340.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at approximately $5,407,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. The disclosure for this sale can be found here. Insiders have sold 93,042 shares of company stock worth $79,387,117 in the last ninety days. 0.90% of the stock is currently owned by insiders.

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.