BlackRock, Inc. (NYSE:BLK) Holdings Lifted by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in BlackRock, Inc. (NYSE:BLK - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,035 shares of the asset manager's stock after acquiring an additional 1,970 shares during the quarter. Cetera Investment Advisers' holdings in BlackRock were worth $36,245,000 as of its most recent SEC filing.

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Other institutional investors and hedge funds also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in BlackRock during the first quarter valued at approximately $27,000. Pineridge Advisors LLC acquired a new stake in shares of BlackRock during the 4th quarter valued at $28,000. Fairscale Capital LLC bought a new stake in shares of BlackRock during the 2nd quarter worth $31,000. Lam Group Inc. acquired a new stake in shares of BlackRock during the first quarter worth $33,000. Finally, Fairman Group LLC purchased a new stake in shares of BlackRock during the fourth quarter valued at $35,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Laurence Fink sold 29,450 shares of BlackRock stock in a transaction dated 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 sale, the chief executive officer now directly owns 353,718 shares of the company's stock, valued at $298,272,703.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other BlackRock news, CEO Laurence Fink sold 29,450 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Wiedman sold 12,000 shares of the business's 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 sale, the director now owns 6,480 shares in the company, valued at $5,832,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,042 shares of company stock valued at $79,387,117. Insiders own 0.90% of the company's stock.

BlackRock Trading Down 1.6 %

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BlackRock stock opened at $934.10 on Wednesday. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $952.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market capitalization of $138.81 billion, a PE ratio of 23.74, a PEG ratio of 2.05 and a beta of 1.30. The business's 50-day simple moving average is $883.26 and its 200-day simple moving average is $823.65.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, topping the consensus estimate of $9.96 by $0.40. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.85 billion. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $9.28 EPS. Equities research analysts forecast that BlackRock, Inc. will post 41.37 earnings per share for the current year.

BlackRock Dividend Announcement

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The business also recently disclosed 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. The ex-dividend date was Monday, September 9th. This represents a $20.40 annualized dividend and a dividend yield of 2.18%. BlackRock's payout ratio is 51.84%.

Analyst Upgrades and Downgrades

A number of research firms have commented on BLK. StockNews.com began coverage on shares of BlackRock in a research note on Thursday, September 26th. They set a "hold" rating for the company. Morgan Stanley lowered their price target on BlackRock from $1,025.00 to $1,013.00 and set an "overweight" rating on the stock in a report on Thursday, July 11th. UBS Group dropped their target price on BlackRock from $842.00 to $837.00 and set a "neutral" rating on the stock in a report on Wednesday, July 10th. TD Cowen reduced their price objective on BlackRock from $974.00 to $969.00 and set a "buy" rating for the company in a research report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target 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. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $908.60.

Check Out Our Latest Stock Report on BLK

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.

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