Y.D. More Investments Ltd Has $97,000 Holdings in BlackRock, Inc. (NYSE:BLK)

Y.D. More Investments Ltd boosted its position in BlackRock, Inc. (NYSE:BLK) by 89.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123 shares of the asset manager’s stock after buying an additional 58 shares during the quarter. Y.D. More Investments Ltd’s holdings in BlackRock were worth $97,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Carolinas Wealth Consulting LLC grew its stake in BlackRock by 25.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 200 shares of the asset manager’s stock valued at $163,000 after buying an additional 40 shares during the last quarter. Zhang Financial LLC grew its stake in BlackRock by 24.0% in the 1st quarter. Zhang Financial LLC now owns 883 shares of the asset manager’s stock valued at $736,000 after buying an additional 171 shares during the last quarter. California State Teachers Retirement System grew its position in BlackRock by 0.7% in the 4th quarter. California State Teachers Retirement System now owns 237,740 shares of the asset manager’s stock worth $192,997,000 after purchasing an additional 1,647 shares during the last quarter. Axxcess Wealth Management LLC grew its position in BlackRock by 35.8% in the 1st quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager’s stock worth $3,945,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Morningstar Investment Services LLC grew its position in BlackRock by 97.1% in the 4th quarter. Morningstar Investment Services LLC now owns 114,379 shares of the asset manager’s stock worth $93,151,000 after purchasing an additional 56,357 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Trading Up 1.0 %

Shares of BLK stock opened at $885.54 on Friday. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $903.46. The company has a market capitalization of $131.59 billion, a P/E ratio of 22.50, a P/E/G ratio of 1.89 and a beta of 1.30. The firm has a 50-day moving average price of $856.07 and a 200 day moving average price of $813.81. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Monday, July 15th. The asset manager reported $10.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.96 by $0.40. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the firm posted $9.28 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Research analysts forecast that BlackRock, Inc. will post 41.34 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be paid a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, September 9th. BlackRock’s dividend payout ratio is presently 51.84%.

Analyst Upgrades and Downgrades

BLK has been the topic of several research analyst reports. TD Cowen decreased their price target on shares of BlackRock from $974.00 to $969.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Morgan Stanley decreased their price target on shares of BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Citigroup raised their price target on shares of BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Evercore ISI raised their price target on shares of BlackRock from $920.00 to $945.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Finally, Barclays lifted their target price on shares of BlackRock from $985.00 to $990.00 and gave the company an “overweight” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus price target of $902.13.

Insiders Place Their Bets

In other BlackRock news, Director Mark Wiedman sold 27,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $834.42, for a total value of $22,529,340.00. Following the completion of the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at $5,407,041.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other BlackRock news, CEO Laurence Fink sold 29,450 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value of $24,833,712.50. Following the completion of the transaction, the chief executive officer now directly owns 353,718 shares of the company’s stock, valued at $298,272,703.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark Wiedman sold 27,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total transaction of $22,529,340.00. Following the sale, the director now directly owns 6,480 shares of the company’s stock, valued at $5,407,041.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,042 shares of company stock valued at $79,387,117. 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.