BlackRock, Inc. (NYSE:BLK) Shares Sold by SWS Partners

SWS Partners reduced its stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 30.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,263 shares of the asset manager's stock after selling 1,420 shares during the quarter. BlackRock accounts for approximately 1.0% of SWS Partners' portfolio, making the stock its 26th largest holding. SWS Partners' holdings in BlackRock were worth $3,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLK. Redmont Wealth Advisors LLC acquired a new stake in shares of BlackRock in the first quarter valued at approximately $27,000. Fairscale Capital LLC acquired a new stake in BlackRock during the second quarter worth approximately $31,000. Lam Group Inc. acquired a new stake in BlackRock during the first quarter worth approximately $33,000. Fairman Group LLC acquired a new stake in BlackRock during the fourth quarter worth approximately $35,000. Finally, Chilton Capital Management LLC acquired a new stake in BlackRock during the first quarter worth approximately $38,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Up 1.5 %

BlackRock stock traded up $15.28 during midday trading on Tuesday, hitting $1,007.00. 593,078 shares of the stock were exchanged, compared to its average volume of 577,834. The company has a 50 day moving average price of $902.62 and a two-hundred day moving average price of $832.46. The firm has a market cap of $149.64 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.94 and a beta of 1.30. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $1,016.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06.

BlackRock (NYSE:BLK - Get Free Report) last released its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.42 by $1.04. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company's revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.91 EPS. On average, sell-side analysts predict that BlackRock, Inc. will post 41.73 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a $5.10 dividend. This represents a $20.40 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, September 9th. BlackRock's payout ratio is currently 51.84%.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of analyst reports. Barclays raised their target price on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an "overweight" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BlackRock from $912.00 to $937.00 and gave the company a "buy" rating in a report on Thursday, August 15th. Argus lifted their price target on shares of BlackRock from $880.00 to $910.00 and gave the company a "buy" rating in a report on Tuesday, July 16th. Morgan Stanley lifted their price target on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an "overweight" rating in a report on Monday. Finally, The Goldman Sachs Group lifted their price target on shares of BlackRock from $960.00 to $1,040.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, BlackRock presently has an average rating of "Moderate Buy" and an average target price of $991.46.

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the completion of the transaction, the director now directly owns 6,480 shares of the company's stock, valued at approximately $5,832,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the transaction, the director now directly owns 5,732 shares of the company's stock, valued at approximately $4,826,802.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the transaction, the director now directly owns 6,480 shares of the company's stock, valued at $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,042 shares of company stock valued at $56,857,777. Insiders own 0.90% of the company's stock.

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.