Wealth Alliance Advisory Group LLC Invests $630,000 in BlackRock, Inc. (NYSE:BLK)

Wealth Alliance Advisory Group LLC purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 664 shares of the asset manager's stock, valued at approximately $630,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Research Global Investors lifted its holdings in shares of BlackRock by 11.1% in the 1st quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager's stock worth $3,630,127,000 after acquiring an additional 435,358 shares during the last quarter. Mayflower Financial Advisors LLC lifted its stake in BlackRock by 24,171.5% in the first quarter. Mayflower Financial Advisors LLC now owns 416,014 shares of the asset manager's stock worth $346,831,000 after purchasing an additional 414,300 shares during the last quarter. Vanguard Group Inc. boosted its position in BlackRock by 2.3% during the first quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager's stock valued at $10,990,052,000 after buying an additional 292,017 shares during the period. M&G Plc purchased a new position in shares of BlackRock in the first quarter worth about $161,918,000. Finally, Sarasin & Partners LLP lifted its stake in shares of BlackRock by 174.8% in the 2nd quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager's stock valued at $145,096,000 after acquiring an additional 117,218 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company's stock.

Insider Buying and Selling

In other BlackRock news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the transaction, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Mark Wiedman sold 11,061 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $852.95, for a total transaction of $9,434,479.95. Following the completion of the sale, the director now owns 6,480 shares of the company's stock, valued at $5,527,116. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela Daley sold 1,531 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,042 shares of company stock worth $56,857,777 in the last 90 days. Insiders own 0.90% of the company's stock.

BlackRock Stock Up 0.5 %

BLK stock traded up $4.52 during midday trading on Friday, hitting $1,007.02. The stock had a trading volume of 505,446 shares, compared to its average volume of 577,853. The business has a 50-day moving average of $915.45 and a two-hundred day moving average of $837.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market cap of $149.64 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $1,032.00.

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 analysts' consensus estimates of $10.42 by $1.04. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the prior year, the firm earned $10.91 EPS. The company's revenue was up 14.9% compared to the same quarter last year. As a group, equities research analysts forecast that BlackRock, Inc. will post 41.73 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BLK shares. UBS Group decreased their price target on BlackRock from $842.00 to $837.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th. Barclays upped their price target on shares of BlackRock from $1,010.00 to $1,120.00 and gave the company an "overweight" rating in a report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on shares of BlackRock from $960.00 to $1,040.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. StockNews.com assumed coverage on shares of BlackRock in a report on Sunday. They set a "hold" rating for the company. Finally, Citigroup boosted their price target on BlackRock from $920.00 to $930.00 and gave the company a "buy" rating in a report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $991.46.

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.