ERTS Wealth Advisors LLC Has $414,000 Holdings in BlackRock, Inc. (NYSE:BLK)

ERTS Wealth Advisors LLC trimmed its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 7.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 436 shares of the asset manager’s stock after selling 35 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in BlackRock were worth $414,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BLK. Claro Advisors LLC boosted its holdings in shares of BlackRock by 249.6% during the 3rd quarter. Claro Advisors LLC now owns 5,834 shares of the asset manager’s stock worth $5,539,000 after buying an additional 4,165 shares during the period. Onyx Bridge Wealth Group LLC increased its stake in BlackRock by 3.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager’s stock valued at $312,000 after acquiring an additional 11 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of BlackRock by 1.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,329 shares of the asset manager’s stock valued at $16,454,000 after purchasing an additional 299 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of BlackRock by 2.3% in the 3rd quarter. Trust Co. of Vermont now owns 29,339 shares of the asset manager’s stock valued at $27,858,000 after buying an additional 666 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in BlackRock by 7.9% during the third quarter. Global Retirement Partners LLC now owns 4,779 shares of the asset manager’s stock worth $4,537,000 after purchasing an additional 351 shares during the period. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

NYSE:BLK traded down $0.01 during trading on Friday, reaching $1,002.49. The company’s stock had a trading volume of 73,341 shares, compared to its average volume of 575,715. The firm has a market cap of $148.97 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $1,032.00. The firm has a 50 day moving average of $912.43 and a 200-day moving average of $836.11.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.91 earnings per share. Research analysts expect that BlackRock, Inc. will post 41.73 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were issued a $5.10 dividend. The ex-dividend date was Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.03%. BlackRock’s payout ratio is 51.84%.

Insider Buying and Selling at BlackRock

In other news, Director Pamela Daley sold 1,531 shares of the 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 sale, the director now owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other BlackRock news, Director Pamela Daley sold 1,531 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 353,718 shares in the company, valued at approximately $298,272,703.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,042 shares of company stock worth $56,857,777 over the last three months. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Evercore ISI lifted their price objective on BlackRock from $995.00 to $1,040.00 and gave the company an “outperform” rating in a report on Monday. Barclays boosted their price objective on BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods lifted their price target on shares of BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group raised their price target 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, Deutsche Bank Aktiengesellschaft increased their price target on shares of BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $991.46.

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.