Capital Advisors Inc. OK Has $716,000 Stock Position in BlackRock $BLK

Capital Advisors Inc. OK lowered its stake in BlackRock (NYSE:BLK) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 682 shares of the asset manager’s stock after selling 15 shares during the quarter. Capital Advisors Inc. OK’s holdings in BlackRock were worth $716,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Fairway Wealth LLC boosted its stake in BlackRock by 76.5% in the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock worth $28,000 after purchasing an additional 13 shares during the period. Game Plan Financial Advisors LLC boosted its position in shares of BlackRock by 100.0% during the first quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock worth $28,000 after buying an additional 15 shares during the period. Garde Capital Inc. grew its holdings in shares of BlackRock by 200.0% during the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after buying an additional 18 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in BlackRock in the 1st quarter valued at approximately $30,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in BlackRock in the 1st quarter valued at approximately $31,000. Institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BLK shares. Barclays upped their price target on BlackRock from $990.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. The Goldman Sachs Group increased their target price on shares of BlackRock from $1,163.00 to $1,312.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley raised their target price on shares of BlackRock from $1,224.00 to $1,362.00 and gave the company an “overweight” rating in a research report on Monday. Argus reissued a “buy” rating on shares of BlackRock in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of BlackRock from $1,247.00 to $1,224.00 and set an “outperform” rating for the company in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,222.87.

BlackRock Stock Performance

NYSE BLK opened at $1,179.86 on Tuesday. The firm has a market capitalization of $182.70 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $1,130.91 and its two-hundred day moving average price is $1,030.30. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,184.13.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 EPS for the quarter, beating analysts’ consensus estimates of $10.41 by $1.64. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.40 billion. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $10.36 EPS. As a group, research analysts anticipate that BlackRock will post 47.41 EPS for the current year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th were paid a $5.21 dividend. The ex-dividend date was Friday, September 5th. This represents a $20.84 annualized dividend and a yield of 1.8%. BlackRock’s dividend payout ratio is currently 50.39%.

Insiders Place Their Bets

In other news, Director Fabrizio Freda sold 4,434 shares of BlackRock stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $1,122.81, for a total transaction of $4,978,539.54. Following the completion of the transaction, the director directly owned 3,506 shares in the company, valued at approximately $3,936,571.86. The trade was a 55.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director J. Richard Kushel sold 17,142 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the transaction, the director directly owned 61,369 shares in the company, valued at $68,763,964.50. The trade was a 21.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,494 shares of company stock valued at $74,694,573. Corporate insiders own 1.98% 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.