Choreo LLC Buys 89 Shares of BlackRock $BLK

Choreo LLC lifted its stake in shares of BlackRock (NYSE:BLK) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,676 shares of the asset manager’s stock after purchasing an additional 89 shares during the quarter. Choreo LLC’s holdings in BlackRock were worth $7,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC raised its position in shares of BlackRock by 105,267.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,705,899 shares of the asset manager’s stock valued at $1,789,915,000 after buying an additional 1,704,280 shares in the last quarter. Franklin Resources Inc. increased its stake in BlackRock by 72.5% in the second quarter. Franklin Resources Inc. now owns 2,005,358 shares of the asset manager’s stock valued at $2,104,122,000 after acquiring an additional 842,901 shares during the last quarter. Royal Bank of Canada raised its position in BlackRock by 73.2% during the first quarter. Royal Bank of Canada now owns 1,313,350 shares of the asset manager’s stock valued at $1,243,059,000 after purchasing an additional 555,098 shares in the last quarter. Vanguard Group Inc. lifted its stake in BlackRock by 2.9% during the first quarter. Vanguard Group Inc. now owns 13,764,072 shares of the asset manager’s stock worth $13,027,419,000 after purchasing an additional 387,466 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in BlackRock by 32.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,131,919 shares of the asset manager’s stock worth $1,071,339,000 after purchasing an additional 279,336 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Up 1.1%

NYSE:BLK opened at $1,041.18 on Thursday. The firm’s 50 day simple moving average is $1,111.74 and its 200 day simple moving average is $1,080.58. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04. BlackRock has a one year low of $773.74 and a one year high of $1,219.94. The company has a market cap of $161.54 billion, a PE ratio of 26.77, a P/E/G ratio of 1.90 and a beta of 1.48.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.78 by ($0.23). The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.22 billion. BlackRock had a net margin of 26.64% and a return on equity of 15.36%. The company’s revenue was up 25.2% compared to the same quarter last year. During the same quarter last year, the company posted $11.46 earnings per share. On average, research analysts anticipate that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Friday, December 5th will be given a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, December 5th. BlackRock’s dividend payout ratio (DPR) is currently 53.59%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BLK. Barclays boosted their price target on BlackRock from $1,310.00 to $1,360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Loop Capital set a $1,255.00 target price on BlackRock in a research note on Tuesday, October 21st. Argus raised their price target on shares of BlackRock from $1,165.00 to $1,330.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group lowered their price objective on shares of BlackRock from $1,372.00 to $1,313.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, UBS Group restated a “hold” rating on shares of BlackRock in a research report on Tuesday, October 21st. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,302.59.

Insider Buying and Selling

In other BlackRock news, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the sale, the director owned 7,205 shares in the company, valued at approximately $8,394,113.20. The trade was a 62.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.