White Knight Strategic Wealth Advisors LLC Makes New $234,000 Investment in BlackRock, Inc. (NYSE:BLK)

White Knight Strategic Wealth Advisors LLC bought a new stake in BlackRock, Inc. (NYSE:BLKFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 288 shares of the asset manager’s stock, valued at approximately $234,000.

Several other large investors also recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in shares of BlackRock by 23.7% during the fourth quarter. Capital Research Global Investors now owns 3,918,878 shares of the asset manager’s stock valued at $3,181,346,000 after acquiring an additional 749,654 shares during the last quarter. Capital World Investors boosted its stake in BlackRock by 57.3% in the 4th quarter. Capital World Investors now owns 3,514,999 shares of the asset manager’s stock worth $2,853,517,000 after buying an additional 1,279,952 shares during the last quarter. Morgan Stanley boosted its stake in BlackRock by 3.2% in the 3rd quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager’s stock worth $2,178,048,000 after buying an additional 104,844 shares during the last quarter. Capital International Investors boosted its stake in BlackRock by 2.4% in the 4th quarter. Capital International Investors now owns 2,471,621 shares of the asset manager’s stock worth $2,006,490,000 after buying an additional 58,681 shares during the last quarter. Finally, Norges Bank acquired a new stake in BlackRock in the 4th quarter worth about $1,812,920,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Down 0.6 %

Shares of NYSE:BLK traded down $4.71 during mid-day trading on Friday, hitting $768.69. 468,160 shares of the company traded hands, compared to its average volume of 545,611. The firm has a market cap of $114.23 billion, a P/E ratio of 19.53, a PEG ratio of 1.61 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.32 and a current ratio of 5.32. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $845.00. The firm’s 50 day simple moving average is $780.28 and its 200 day simple moving average is $788.68.

BlackRock (NYSE:BLKGet Free Report) last posted its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.42 by $0.39. BlackRock had a return on equity of 15.24% and a net margin of 32.26%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the previous year, the business earned $7.93 EPS. BlackRock’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts anticipate that BlackRock, Inc. will post 41.25 EPS for the current year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be issued a dividend of $5.10 per share. The ex-dividend date is Friday, June 7th. This represents a $20.40 annualized dividend and a yield of 2.65%. BlackRock’s dividend payout ratio is presently 51.84%.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $930.00 price target (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Morgan Stanley raised their price objective on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. raised their price objective on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Finally, UBS Group raised their price objective on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $845.42.

View Our Latest Stock Analysis on BLK

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 9,000 shares of BlackRock stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $795.00, for a total value of $7,155,000.00. Following the completion of the transaction, the director now owns 6,480 shares in the company, valued at approximately $5,151,600. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Mark Wiedman sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $795.00, for a total transaction of $7,155,000.00. Following the completion of the transaction, the director now owns 6,480 shares in the company, valued at approximately $5,151,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $807.29, for a total value of $25,008,229.62. Following the transaction, the chief executive officer now owns 383,168 shares of the company’s stock, valued at approximately $309,327,694.72. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

BlackRock Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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