Windward Capital Management Co. CA Sells 209 Shares of BlackRock $BLK

Windward Capital Management Co. CA lessened its holdings in BlackRock (NYSE:BLK) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,989 shares of the asset manager’s stock after selling 209 shares during the period. BlackRock comprises about 3.5% of Windward Capital Management Co. CA’s portfolio, making the stock its 8th largest holding. Windward Capital Management Co. CA’s holdings in BlackRock were worth $40,909,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Garde Capital Inc. raised its stake in shares of BlackRock by 200.0% during the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after buying an additional 18 shares during the period. Traub Capital Management LLC acquired a new stake in BlackRock in the 2nd quarter valued at $28,000. Whipplewood Advisors LLC increased its holdings in BlackRock by 107.1% in the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after acquiring an additional 15 shares in the last quarter. Game Plan Financial Advisors LLC raised its position in 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 acquiring an additional 15 shares during the period. Finally, Creekmur Asset Management LLC lifted its holdings in BlackRock by 87.5% during the second quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Price Performance

BlackRock stock opened at $1,013.85 on Monday. 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 company has a 50-day moving average price of $1,117.22 and a 200 day moving average price of $1,079.47. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,219.94. The stock has a market cap of $157.30 billion, a P/E ratio of 26.07, a PEG ratio of 1.90 and a beta of 1.48.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Tuesday, October 14th. The asset manager reported $11.55 earnings per share for the quarter, missing the consensus estimate of $11.78 by ($0.23). The firm had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.22 billion. BlackRock had a net margin of 26.64% and a return on equity of 15.36%. The business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period last year, the company earned $11.46 EPS. Sell-side analysts anticipate that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Friday, December 5th will be paid a dividend of $5.21 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $20.84 annualized dividend and a yield of 2.1%. BlackRock’s dividend payout ratio (DPR) is 53.59%.

Analyst Ratings Changes

BLK has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of BlackRock from $1,312.00 to $1,305.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Evercore ISI increased their target price on BlackRock from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, November 7th. BNP Paribas Exane lifted their price target on BlackRock from $1,160.00 to $1,265.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. BMO Capital Markets increased their price objective on BlackRock from $1,280.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Argus raised their price objective on BlackRock from $1,165.00 to $1,330.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and an average target price of $1,302.53.

Insider Buying and Selling

In other news, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the transaction, the director owned 7,205 shares of the company’s stock, valued at $8,394,113.20. This represents a 62.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.98% of the stock is owned by corporate insiders.

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.