Heck Capital Advisors LLC Has $462,000 Stake in BlackRock $BLK

Heck Capital Advisors LLC lifted its position in shares of BlackRock (NYSE:BLK) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 440 shares of the asset manager’s stock after purchasing an additional 32 shares during the period. Heck Capital Advisors LLC’s holdings in BlackRock were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. McLean Asset Management Corp boosted its position in shares of BlackRock by 3.9% in the second quarter. McLean Asset Management Corp now owns 266 shares of the asset manager’s stock valued at $285,000 after acquiring an additional 10 shares during the period. Trust Co. of Oklahoma raised its stake in BlackRock by 0.5% in the 2nd quarter. Trust Co. of Oklahoma now owns 2,023 shares of the asset manager’s stock worth $2,123,000 after purchasing an additional 10 shares in the last quarter. TOWER TRUST & INVESTMENT Co boosted its holdings in BlackRock by 1.3% in the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 799 shares of the asset manager’s stock valued at $838,000 after purchasing an additional 10 shares during the period. Ashton Thomas Securities LLC grew its position in shares of BlackRock by 4.7% during the 2nd quarter. Ashton Thomas Securities LLC now owns 223 shares of the asset manager’s stock worth $234,000 after purchasing an additional 10 shares in the last quarter. Finally, Ameriflex Group Inc. increased its holdings in shares of BlackRock by 8.8% during the second quarter. Ameriflex Group Inc. now owns 123 shares of the asset manager’s stock worth $127,000 after purchasing an additional 10 shares during the period. 80.69% of the stock is currently owned by institutional investors.

BlackRock Trading Up 1.7%

BLK opened at $1,179.86 on Tuesday. The company has a market cap of $182.70 billion, a P/E ratio of 28.53, a PEG ratio of 2.18 and a beta of 1.45. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $1,130.91 and its 200-day moving average is $1,030.30. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,184.13.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 EPS for the quarter, beating the consensus estimate of $10.41 by $1.64. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the firm earned $10.36 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. Equities research analysts predict that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

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 dividend of $5.21 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $20.84 annualized dividend and a dividend yield of 1.8%. BlackRock’s dividend payout ratio (DPR) is 50.39%.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 17,142 shares of the business’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total transaction of $19,207,611.00. Following the sale, the director directly owned 61,369 shares in the company, valued at approximately $68,763,964.50. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Fabrizio Freda sold 4,434 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the completion of the transaction, the director directly owned 3,506 shares of the company’s stock, valued at $3,936,571.86. This represents a 55.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,494 shares of company stock worth $74,694,573. 1.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BLK shares. Morgan Stanley boosted 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. Telsey Advisory Group reissued an “outperform” rating on shares of BlackRock in a report on Tuesday, July 8th. Zacks Research downgraded shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Barclays raised their target price on shares of BlackRock from $990.00 to $1,220.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Evercore ISI upped their price target on shares of BlackRock from $1,170.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,222.87.

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.