Graybill Wealth Management LTD. Sells 36 Shares of BlackRock, Inc. (NYSE:BLK)

Graybill Wealth Management LTD. lowered its stake in BlackRock, Inc. (NYSE:BLK) by 0.4% during the first quarter, Holdings Channel.com reports. The fund owned 8,052 shares of the asset manager’s stock after selling 36 shares during the quarter. BlackRock comprises 2.8% of Graybill Wealth Management LTD.’s investment portfolio, making the stock its 9th biggest position. Graybill Wealth Management LTD.’s holdings in BlackRock were worth $6,713,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Abacus Planning Group Inc. grew its holdings in BlackRock by 4.0% during the fourth quarter. Abacus Planning Group Inc. now owns 334 shares of the asset manager’s stock worth $271,000 after acquiring an additional 13 shares during the period. Knuff & Co LLC grew its holdings in BlackRock by 48.1% during the fourth quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock worth $32,000 after acquiring an additional 13 shares during the period. Everhart Financial Group Inc. grew its holdings in BlackRock by 3.2% in the fourth quarter. Everhart Financial Group Inc. now owns 450 shares of the asset manager’s stock valued at $365,000 after purchasing an additional 14 shares during the last quarter. Spreng Capital Management Inc. grew its holdings in BlackRock by 1.1% in the fourth quarter. Spreng Capital Management Inc. now owns 1,329 shares of the asset manager’s stock valued at $1,079,000 after purchasing an additional 14 shares during the last quarter. Finally, Magellan Asset Management Ltd grew its holdings in BlackRock by 3.6% in the fourth quarter. Magellan Asset Management Ltd now owns 404 shares of the asset manager’s stock valued at $328,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity

In other news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $807.29, for a total value of $25,008,229.62. Following the completion of the sale, the chief executive officer now owns 383,168 shares in the company, valued at $309,327,694.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $807.29, for a total value of $25,008,229.62. Following the completion of the sale, the chief executive officer now owns 383,168 shares in the company, valued at $309,327,694.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark Wiedman sold 9,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $795.00, for a total value of $7,155,000.00. Following the completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,151,600. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

BlackRock Trading Down 0.5 %

Shares of BlackRock stock traded down $3.74 during trading hours on Thursday, reaching $783.71. The stock had a trading volume of 130,556 shares, compared to its average volume of 602,277. The firm has a 50 day simple moving average of $777.90 and a two-hundred day simple moving average of $792.50. The firm has a market capitalization of $116.46 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.64 and a beta of 1.34. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.35. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $845.00.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. BlackRock had a return on equity of 15.24% and a net margin of 32.26%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $7.93 EPS. As a group, equities research analysts anticipate that BlackRock, Inc. will post 41.25 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were paid a $5.10 dividend. The ex-dividend date was Friday, June 7th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.60%. BlackRock’s dividend payout ratio (DPR) is currently 51.84%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BLK shares. Morgan Stanley upped their target price on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a report on Monday, April 15th. UBS Group increased their price objective on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $930.00 price objective (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. increased their price objective on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average target price of $845.42.

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.