Godsey & Gibb Inc. Purchases 68 Shares of BlackRock $BLK

Godsey & Gibb Inc. increased its stake in shares of BlackRock (NYSE:BLK) by 0.3% in the second quarter, Holdings Channel reports. The firm owned 23,280 shares of the asset manager’s stock after buying an additional 68 shares during the quarter. BlackRock accounts for approximately 2.3% of Godsey & Gibb Inc.’s holdings, making the stock its 17th biggest holding. Godsey & Gibb Inc.’s holdings in BlackRock were worth $24,427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BLK. Brighton Jones LLC increased its position in shares of BlackRock by 23.1% during the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 296 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of BlackRock by 1.6% in the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after purchasing an additional 17 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of BlackRock by 5.2% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,250 shares of the asset manager’s stock worth $1,183,000 after buying an additional 62 shares in the last quarter. Bank of New Hampshire bought a new stake in BlackRock in the 1st quarter valued at approximately $439,000. Finally, Capital Investment Advisors LLC grew its stake in shares of BlackRock by 3.4% during the 1st quarter. Capital Investment Advisors LLC now owns 1,506 shares of the asset manager’s stock worth $1,426,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on BLK. Morgan Stanley boosted their price target on shares of BlackRock from $1,224.00 to $1,362.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Research lowered BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BlackRock in a report on Saturday, September 27th. The Goldman Sachs Group raised their price target on shares of BlackRock from $1,163.00 to $1,312.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Argus reissued a “buy” rating on shares of BlackRock in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,222.87.

Insider Transactions at BlackRock

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

BlackRock Stock Performance

BlackRock stock opened at $1,179.86 on Tuesday. 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 1 year low of $773.74 and a 1 year high of $1,184.13. The company has a market capitalization of $182.70 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.18 and a beta of 1.45. The business has a 50 day moving average of $1,130.91 and a 200-day moving average of $1,030.30.

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 during the quarter, compared to analyst estimates of $5.40 billion. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company posted $10.36 EPS. On average, equities research analysts predict that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Announces Dividend

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

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.