BlackRock $BLK Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its position in BlackRock (NYSE:BLK) by 37.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,137 shares of the asset manager’s stock after selling 3,724 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in BlackRock were worth $6,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BLK. Fairway Wealth LLC boosted its holdings in BlackRock by 76.5% in the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 13 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in shares of BlackRock by 100.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 15 shares during the period. Garde Capital Inc. raised its stake in shares of BlackRock by 200.0% in the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 18 shares during the period. Cheviot Value Management LLC purchased a new stake in shares of BlackRock in the 1st quarter valued at approximately $30,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in shares of BlackRock in the 1st quarter valued at approximately $31,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Rachel Lord sold 18,036 shares of the firm’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the sale, the director directly owned 19,205 shares in the company, valued at approximately $21,617,148. This trade represents a 48.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J. Richard Kushel sold 17,142 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $1,120.50, for a total transaction of $19,207,611.00. Following the completion of the sale, the director 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. Insiders have sold a total of 66,494 shares of company stock valued at $74,694,573 over the last quarter. Company insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of research analyst reports. Bank of America boosted their price target on shares of BlackRock from $1,224.00 to $1,396.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. The Goldman Sachs Group boosted their price target on shares of BlackRock from $1,163.00 to $1,312.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BlackRock from $1,221.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Barclays boosted their price target on shares of BlackRock from $1,210.00 to $1,310.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Evercore ISI increased their target price on shares of BlackRock from $1,200.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and a consensus target price of $1,263.31.

BlackRock Price Performance

BlackRock stock opened at $1,156.20 on Tuesday. The firm has a market cap of $179.04 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.45. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,184.13. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $1,135.66 and its two-hundred day moving average is $1,037.02.

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

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th were issued a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 5th. BlackRock’s dividend payout ratio (DPR) is presently 50.39%.

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.