525 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by Rothschild Investment LLC

Rothschild Investment LLC acquired a new stake in BlackRock, Inc. (NYSE:BLK) in the second quarter, Holdings Channel reports. The firm acquired 525 shares of the asset manager’s stock, valued at approximately $413,000.

Other large investors have also bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in shares of BlackRock in the first quarter valued at about $27,000. Private Wealth Management Group LLC bought a new position in BlackRock during the 4th quarter worth approximately $28,000. Pineridge Advisors LLC bought a new stake in shares of BlackRock in the 4th quarter valued at $28,000. Northwest Financial Advisors acquired a new stake in shares of BlackRock during the fourth quarter worth $32,000. Finally, Lam Group Inc. bought a new position in BlackRock during the first quarter worth $33,000. 80.69% of the stock is owned by institutional investors.

BlackRock Price Performance

BLK stock opened at $901.81 on Monday. The firm has a 50 day moving average of $839.20 and a 200-day moving average of $808.90. 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 firm has a market capitalization of $134.01 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.97 and a beta of 1.32. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $903.46.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, beating analysts’ consensus estimates of $9.96 by $0.40. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the business earned $9.28 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts predict that BlackRock, Inc. will post 41.34 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be issued a $5.10 dividend. The ex-dividend date is Monday, September 9th. This represents a $20.40 annualized dividend and a dividend yield of 2.26%. BlackRock’s payout ratio is currently 51.84%.

Insider Activity

In related news, CEO Laurence Fink sold 29,450 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value of $24,833,712.50. Following the transaction, the chief executive officer now directly owns 353,718 shares in the company, valued at $298,272,703.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Laurence Fink sold 29,450 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 353,718 shares in the company, valued at approximately $298,272,703.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela Daley sold 1,531 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the transaction, the director now owns 5,732 shares in the company, valued at $4,826,802.56. 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 currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on BLK shares. UBS Group decreased their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. TD Cowen cut their target price on BlackRock from $974.00 to $969.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft boosted 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. Keefe, Bruyette & Woods raised their price objective on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, Argus boosted their target price on shares of BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $881.47.

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.