BlackRock, Inc. (NYSE:BLK) Stock Position Increased by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC grew its position in BlackRock, Inc. (NYSE:BLK) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 328 shares of the asset manager’s stock after purchasing an additional 11 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in BlackRock were worth $312,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. XML Financial LLC increased its position in BlackRock by 2.6% in the 2nd quarter. XML Financial LLC now owns 473 shares of the asset manager’s stock valued at $372,000 after acquiring an additional 12 shares during the period. Pine Haven Investment Counsel Inc raised its stake in shares of BlackRock by 1.3% during the third quarter. Pine Haven Investment Counsel Inc now owns 937 shares of the asset manager’s stock valued at $890,000 after purchasing an additional 12 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in BlackRock by 6.1% in the second quarter. Hexagon Capital Partners LLC now owns 226 shares of the asset manager’s stock worth $177,000 after purchasing an additional 13 shares during the period. Forza Wealth Management LLC grew its position in BlackRock by 1.3% in the 2nd quarter. Forza Wealth Management LLC now owns 1,044 shares of the asset manager’s stock valued at $822,000 after buying an additional 13 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in shares of BlackRock by 4.4% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 311 shares of the asset manager’s stock worth $243,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BLK. Deutsche Bank Aktiengesellschaft upped their price objective on BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Argus raised their price objective on shares of BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price objective on shares of BlackRock from $774.00 to $864.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 1st. StockNews.com started coverage on shares of BlackRock in a research note on Saturday, October 12th. They set a “hold” rating for the company. Finally, Wells Fargo & Company lifted their price target on shares of BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $991.46.

Insider Transactions at BlackRock

In related news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction on Friday, August 30th. The stock was 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 of the company’s stock, valued at approximately $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other BlackRock news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at $5,832,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Laurence Fink sold 29,450 shares of the 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 transaction, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,042 shares of company stock valued at $56,857,777. 0.90% of the stock is owned by insiders.

BlackRock Stock Performance

Shares of BLK stock opened at $1,007.02 on Friday. The company has a market capitalization of $149.64 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 1.94 and a beta of 1.30. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $1,032.00. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $915.45 and its 200-day simple moving average is $837.36.

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

BlackRock Dividend Announcement

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

About BlackRock

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.