Global Strategic Investment Solutions LLC Acquires Shares of 200 BlackRock $BLK

Global Strategic Investment Solutions LLC bought a new stake in shares of BlackRock (NYSE:BLK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 200 shares of the asset manager’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLK. Fairway Wealth LLC boosted its position in shares of BlackRock by 76.5% during the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 13 shares during the last quarter. Game Plan Financial Advisors LLC boosted its position in shares of BlackRock by 100.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 15 shares during the last quarter. Garde Capital Inc. boosted its position in shares of BlackRock by 200.0% during the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 18 shares during the last quarter. Cheviot Value Management LLC bought a new position in shares of BlackRock during the 1st quarter valued at approximately $30,000. Finally, MorganRosel Wealth Management LLC bought a new position in shares of BlackRock during the 1st quarter valued at approximately $31,000. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Up 0.0%

NYSE:BLK opened at $1,160.75 on Friday. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,183.50. The company has a market cap of $179.74 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The stock has a fifty day simple moving average of $1,129.67 and a 200-day simple moving average of $1,028.18. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39.

BlackRock (NYSE:BLK) last released its earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share for the quarter, topping the consensus estimate of $10.41 by $1.64. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.40 billion. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $10.36 earnings per share. Analysts anticipate that BlackRock will post 47.41 EPS for the current year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 5th were issued a $5.21 dividend. This represents a $20.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 5th. BlackRock’s payout ratio is presently 50.39%.

Analysts Set New Price Targets

A number of research analysts have recently commented on BLK shares. Evercore ISI increased their target price on BlackRock from $1,170.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Weiss Ratings restated a “buy (b-)” rating on shares of BlackRock in a research report on Saturday, September 27th. Citigroup raised their price target on BlackRock from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Morgan Stanley lowered their price target on BlackRock from $1,247.00 to $1,224.00 and set an “overweight” rating for the company in a research report on Wednesday, July 16th. Finally, UBS Group restated a “neutral” rating and issued a $980.00 price target on shares of BlackRock in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,213.67.

Insider Transactions at BlackRock

In related news, Director Rachel Lord sold 18,036 shares of BlackRock stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the completion of the sale, the director directly owned 19,205 shares in the company, valued at $21,617,148. The trade was a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Laurence Fink sold 12,054 shares of BlackRock stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.43, for a total value of $13,565,933.22. Following the completion of the sale, the chief executive officer owned 251,697 shares of the company’s stock, valued at $283,267,354.71. The trade was a 4.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,494 shares of company stock valued at $74,694,573. Insiders own 1.98% 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.