Foundations Investment Advisors LLC Raises Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Foundations Investment Advisors LLC lifted its position in BlackRock, Inc. (NYSE:BLK) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 938 shares of the asset manager’s stock after purchasing an additional 43 shares during the period. Foundations Investment Advisors LLC’s holdings in BlackRock were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new stake in BlackRock in the 4th quarter worth approximately $27,000. LFA Lugano Financial Advisors SA raised its position in shares of BlackRock by 208.3% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after buying an additional 25 shares in the last quarter. Northwest Financial Advisors purchased a new stake in BlackRock during the fourth quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $32,000. Finally, Knuff & Co LLC increased its position in shares of BlackRock by 48.1% during the 4th quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Stock Up 0.1 %

NYSE:BLK traded up $0.91 during mid-day trading on Friday, hitting $808.62. 26,476 shares of the company’s stock traded hands, compared to its average volume of 611,077. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $845.00. The company has a market capitalization of $120.44 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.68 and a beta of 1.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.32 and a current ratio of 5.32. The company has a fifty day moving average of $792.79 and a 200 day moving average of $775.50.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a return on equity of 15.24% and a net margin of 32.26%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the previous year, the company posted $7.93 earnings per share. BlackRock’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts forecast that BlackRock, Inc. will post 41.31 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be given a dividend of $5.10 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $20.40 dividend on an annualized basis and a yield of 2.52%. BlackRock’s dividend payout ratio is currently 51.84%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. UBS Group upped their target price on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Morgan Stanley boosted their price target on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, BlackRock has an average rating of “Moderate Buy” and an average price target of $845.42.

Insider Activity

In other BlackRock news, Director Mark Wiedman sold 9,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $795.00, for a total transaction of $7,155,000.00. Following the completion of the transaction, the director now directly owns 6,480 shares in the company, valued at $5,151,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BlackRock news, Director Mark Wiedman sold 9,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $795.00, for a total transaction of $7,155,000.00. Following the completion of the transaction, the director now owns 6,480 shares of the company’s stock, valued at $5,151,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rachel Lord sold 36,059 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total value of $29,498,425.54. Following the sale, the director now owns 17,004 shares of the company’s stock, valued at $13,910,292.24. The disclosure for this sale can be found here. Insiders have sold 76,037 shares of company stock worth $61,743,127 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

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.