Valeo Financial Advisors LLC Purchases 238 Shares of BlackRock, Inc. (NYSE:BLK)

Valeo Financial Advisors LLC boosted its position in shares of BlackRock, Inc. (NYSE:BLK) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,467 shares of the asset manager’s stock after acquiring an additional 238 shares during the quarter. Valeo Financial Advisors LLC’s holdings in BlackRock were worth $3,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BLK. Capital Research Global Investors increased its holdings in shares of BlackRock by 11.1% in the first quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after purchasing an additional 435,358 shares during the last quarter. Mayflower Financial Advisors LLC grew its stake in shares of BlackRock by 24,171.5% in the first quarter. Mayflower Financial Advisors LLC now owns 416,014 shares of the asset manager’s stock valued at $346,831,000 after acquiring an additional 414,300 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of BlackRock by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock valued at $10,990,052,000 after acquiring an additional 292,017 shares in the last quarter. M&G Plc acquired a new position in shares of BlackRock in the first quarter valued at about $161,918,000. Finally, Mubadala Investment Co PJSC acquired a new position in shares of BlackRock in the fourth quarter valued at about $147,748,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BlackRock

In other BlackRock news, CEO Laurence Fink sold 29,450 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were 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 owns 353,718 shares in the company, valued at approximately $298,272,703.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the business’s 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 sale, the director now owns 6,480 shares in the company, valued at approximately $5,832,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 owns 353,718 shares of the company’s stock, valued at approximately $298,272,703.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,042 shares of company stock worth $79,387,117. 0.90% of the stock is owned by corporate insiders.

BlackRock Stock Performance

NYSE:BLK opened at $990.26 on Friday. The company has a fifty day moving average of $899.39 and a 200-day moving average of $831.36. The firm has a market capitalization of $147.15 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.94 and a beta of 1.30. 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, Inc. has a twelve month low of $596.18 and a twelve month high of $996.29.

BlackRock (NYSE:BLK) last released 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 company had revenue of $5.20 billion during 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%. BlackRock’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.91 EPS. As a group, sell-side analysts anticipate that BlackRock, Inc. will post 41.73 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a dividend of $5.10 per share. The ex-dividend date was Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a yield of 2.06%. BlackRock’s dividend payout ratio (DPR) is presently 51.84%.

Analyst Ratings Changes

BLK has been the topic of several research reports. StockNews.com initiated coverage on shares of BlackRock in a research note on Saturday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. upped their price target on shares of BlackRock from $774.00 to $864.00 and gave the company a “neutral” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. The Goldman Sachs Group increased their price objective 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. Finally, Barclays increased their price objective on shares of BlackRock from $990.00 to $1,010.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and an average price target of $972.23.

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.