Wealth Architects LLC Has $1.05 Million Holdings in BlackRock $BLK

Wealth Architects LLC lessened its stake in BlackRock (NYSE:BLK) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,003 shares of the asset manager’s stock after selling 25 shares during the quarter. Wealth Architects LLC’s holdings in BlackRock were worth $1,052,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BLK. Fairway Wealth LLC boosted its holdings in shares of BlackRock by 76.5% in the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after buying an additional 13 shares during the last quarter. Game Plan Financial Advisors LLC boosted its holdings in shares of BlackRock by 100.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after buying an additional 15 shares during the last quarter. Garde Capital Inc. boosted its holdings in shares of BlackRock by 200.0% in the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after buying an additional 18 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in shares of BlackRock in the 1st quarter valued at approximately $30,000. Finally, MorganRosel Wealth Management LLC bought a new stake in BlackRock in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Down 3.0%

BLK stock opened at $1,132.12 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04. The stock has a market capitalization of $175.31 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.15 and a beta of 1.45. The business’s fifty day moving average price is $1,134.85 and its two-hundred day moving average price is $1,035.56. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,184.13.

BlackRock (NYSE:BLK) last posted its quarterly earnings data 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 firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.40 billion. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $10.36 EPS. On average, equities analysts anticipate that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

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

Insider Buying and Selling

In related news, Director Fabrizio Freda sold 4,434 shares of the firm’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the transaction, the director owned 3,506 shares in the company, valued at approximately $3,936,571.86. This trade represents a 55.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J. Richard Kushel sold 17,142 shares of the firm’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the completion of the transaction, the director owned 61,369 shares in the company, valued at $68,763,964.50. The trade was a 21.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,494 shares of company stock worth $74,694,573 over the last three months. Company insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BLK. Morgan Stanley increased their price target on BlackRock from $1,224.00 to $1,362.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Barclays increased their price target on BlackRock from $1,210.00 to $1,310.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI increased their price target on BlackRock from $1,200.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday. Zacks Research cut BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Citigroup increased their price target on BlackRock from $1,200.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,258.56.

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.