BlackRock, Inc. (NYSE:BLK) Holdings Lifted by CMH Wealth Management LLC

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CMH Wealth Management LLC grew its position in BlackRock, Inc. (NYSE:BLK) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,894 shares of the asset manager’s stock after purchasing an additional 270 shares during the period. BlackRock makes up approximately 1.7% of CMH Wealth Management LLC’s holdings, making the stock its 22nd biggest position. CMH Wealth Management LLC’s holdings in BlackRock were worth $3,072,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bangor Savings Bank boosted its holdings in BlackRock by 1.5% during the second quarter. Bangor Savings Bank now owns 1,483 shares of the asset manager’s stock worth $696,000 after buying an additional 22 shares in the last quarter. Pinnacle Bank boosted its holdings in BlackRock by 2.7% during the second quarter. Pinnacle Bank now owns 945 shares of the asset manager’s stock worth $443,000 after buying an additional 25 shares in the last quarter. Wambolt & Associates LLC boosted its holdings in BlackRock by 2.0% during the second quarter. Wambolt & Associates LLC now owns 1,306 shares of the asset manager’s stock worth $613,000 after buying an additional 25 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its holdings in BlackRock by 1.9% during the second quarter. C M Bidwell & Associates Ltd. now owns 1,313 shares of the asset manager’s stock worth $616,000 after buying an additional 25 shares in the last quarter. Finally, Beacon Financial Group boosted its holdings in BlackRock by 3.9% during the second quarter. Beacon Financial Group now owns 694 shares of the asset manager’s stock worth $326,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Shares of NYSE:BLK traded up $13.62 during mid-day trading on Friday, hitting $434.00. The stock had a trading volume of 733,450 shares, compared to its average volume of 574,292. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.92 and a current ratio of 2.92. The company has a market cap of $63.86 billion, a PE ratio of 16.12, a P/E/G ratio of 1.46 and a beta of 1.54. BlackRock, Inc. has a 12-month low of $360.79 and a 12-month high of $487.45. The company’s 50 day moving average is $428.84 and its 200-day moving average is $446.55.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, July 19th. The asset manager reported $6.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.52 by ($0.11). The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.57 billion. BlackRock had a net margin of 30.25% and a return on equity of 13.24%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $6.66 EPS. On average, equities research analysts predict that BlackRock, Inc. will post 27.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Thursday, September 5th were given a $3.30 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $13.20 annualized dividend and a dividend yield of 3.04%. BlackRock’s dividend payout ratio (DPR) is presently 49.02%.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of BlackRock from $527.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Credit Suisse Group set a $567.00 target price on shares of BlackRock and gave the stock a “buy” rating in a report on Thursday, September 12th. Morgan Stanley reduced their target price on shares of BlackRock from $553.00 to $547.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group raised their target price on shares of BlackRock from $515.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Finally, Barclays restated a “buy” rating and set a $485.00 target price on shares of BlackRock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $500.60.

About BlackRock

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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