BlackRock, Inc. (NYSE:BLK) Stock Position Lifted by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC grew its position in shares of BlackRock, Inc. (NYSE:BLKGet Rating) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 356 shares of the asset manager’s stock after buying an additional 32 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in BlackRock were worth $272,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. lifted its holdings in shares of BlackRock by 5.7% in the 1st quarter. Koshinski Asset Management Inc. now owns 2,001 shares of the asset manager’s stock worth $1,529,000 after purchasing an additional 108 shares during the last quarter. Pacer Advisors Inc. increased its position in BlackRock by 19.0% in the 1st quarter. Pacer Advisors Inc. now owns 12,876 shares of the asset manager’s stock valued at $9,839,000 after acquiring an additional 2,056 shares during the period. Elk River Wealth Management LLC increased its position in BlackRock by 8.1% in the 1st quarter. Elk River Wealth Management LLC now owns 4,548 shares of the asset manager’s stock valued at $3,476,000 after acquiring an additional 341 shares during the period. Parametric Portfolio Associates LLC increased its position in BlackRock by 0.8% in the 4th quarter. Parametric Portfolio Associates LLC now owns 562,531 shares of the asset manager’s stock valued at $515,031,000 after acquiring an additional 4,700 shares during the period. Finally, Virginia Wealth Management Group Inc. acquired a new stake in BlackRock in the 4th quarter valued at approximately $3,086,000. 93.81% of the stock is currently owned by institutional investors.

Several analysts recently commented on the company. The Goldman Sachs Group lowered their target price on BlackRock from $830.00 to $710.00 and set a “buy” rating on the stock in a research report on Wednesday, June 29th. Keefe, Bruyette & Woods lowered their price target on BlackRock from $719.00 to $675.00 and set a “market perform” rating on the stock in a research report on Tuesday, June 28th. BMO Capital Markets lowered their price target on BlackRock from $755.00 to $734.00 and set a “market perform” rating on the stock in a research report on Thursday, April 14th. Exane BNP Paribas cut BlackRock from an “outperform” rating to a “neutral” rating and set a $725.00 price target on the stock. in a research report on Tuesday, March 8th. Finally, Morgan Stanley lowered their price target on BlackRock from $932.00 to $801.00 and set an “overweight” rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $848.93.

In other news, Director William E. Ford acquired 1,000 shares of BlackRock stock in a transaction that occurred on Thursday, April 14th. The stock was purchased at an average price of $701.00 per share, with a total value of $701,000.00. Following the completion of the transaction, the director now owns 12,915 shares in the company, valued at $9,053,415. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William E. Ford acquired 2,000 shares of BlackRock stock in a transaction that occurred on Monday, April 18th. The shares were purchased at an average cost of $681.44 per share, with a total value of $1,362,880.00. Following the transaction, the director now owns 14,915 shares of the company’s stock, valued at approximately $10,163,677.60. The disclosure for this purchase can be found here. Company insiders own 1.06% of the company’s stock.

Shares of NYSE BLK opened at $616.70 on Monday. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $93.43 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.98 and a beta of 1.26. The stock’s fifty day simple moving average is $628.32 and its 200 day simple moving average is $730.64. BlackRock, Inc. has a 52-week low of $575.60 and a 52-week high of $973.16.

BlackRock (NYSE:BLKGet Rating) last issued its earnings results on Wednesday, April 13th. The asset manager reported $9.52 EPS for the quarter, topping the consensus estimate of $8.92 by $0.60. The business had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.76 billion. BlackRock had a return on equity of 17.00% and a net margin of 31.20%. BlackRock’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $7.77 earnings per share. As a group, analysts anticipate that BlackRock, Inc. will post 38.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Monday, June 6th were given a $4.88 dividend. The ex-dividend date was Friday, June 3rd. This represents a $19.52 annualized dividend and a dividend yield of 3.17%. BlackRock’s dividend payout ratio (DPR) is presently 49.06%.

BlackRock Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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