Foundations Investment Advisors LLC Purchases 54 Shares of BlackRock, Inc. (NYSE:BLK)

Foundations Investment Advisors LLC lifted its position in shares of BlackRock, Inc. (NYSE:BLK) by 6.3% during the second quarter, HoldingsChannel reports. The firm owned 907 shares of the asset manager’s stock after buying an additional 54 shares during the quarter. Foundations Investment Advisors LLC’s holdings in BlackRock were worth $714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fortis Capital Advisors LLC grew its stake in BlackRock by 3.1% in the second quarter. Fortis Capital Advisors LLC now owns 1,076 shares of the asset manager’s stock valued at $847,000 after acquiring an additional 32 shares during the period. Mascoma Wealth Management LLC increased its stake in BlackRock by 50.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 116 shares of the asset manager’s stock worth $91,000 after purchasing an additional 39 shares in the last quarter. First National Trust Co raised its holdings in BlackRock by 2.9% during the 2nd quarter. First National Trust Co now owns 10,829 shares of the asset manager’s stock worth $8,526,000 after buying an additional 306 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in BlackRock by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 12,002 shares of the asset manager’s stock valued at $9,449,000 after buying an additional 66 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new stake in shares of BlackRock during the second quarter worth $368,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In other news, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were 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 in the company, valued at approximately $4,826,802.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other BlackRock news, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were 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 directly owns 5,732 shares in the company, valued at $4,826,802.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Wiedman sold 27,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total value of $22,529,340.00. Following the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,407,041.60. The disclosure for this sale can be found here. Insiders have sold a total of 93,042 shares of company stock worth $79,387,117 over the last ninety days. Insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

Shares of BLK opened at $866.92 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a 50-day moving average of $848.57 and a 200-day moving average of $811.77. The company has a market cap of $128.82 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.97 and a beta of 1.30. BlackRock, Inc. has a one year low of $596.18 and a one year high of $903.46.

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

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be given a dividend of $5.10 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a yield of 2.35%. BlackRock’s dividend payout ratio (DPR) is 51.84%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLK. UBS Group reduced their target price on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Morgan Stanley decreased their price objective on BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Barclays initiated coverage on BlackRock in a research note on Tuesday, August 27th. They issued an “overweight” rating and a $985.00 target price on the stock. Keefe, Bruyette & Woods raised their price target on shares of BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Finally, Argus boosted their price objective 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 investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $883.13.

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.