Kintegral Advisory LLC Decreases Stake in BlackRock, Inc. (NYSE:BLK)

Kintegral Advisory LLC trimmed its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,638 shares of the asset manager’s stock after selling 356 shares during the quarter. BlackRock accounts for about 0.7% of Kintegral Advisory LLC’s investment portfolio, making the stock its 29th biggest position. Kintegral Advisory LLC’s holdings in BlackRock were worth $7,830,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in shares of BlackRock in the 3rd quarter valued at approximately $26,000. Collier Financial bought a new stake in shares of BlackRock in the fourth quarter worth $32,000. Compass Planning Associates Inc acquired a new position in BlackRock during the 4th quarter worth $33,000. Atwood & Palmer Inc. acquired a new stake in shares of BlackRock in the 4th quarter valued at about $36,000. Finally, Reston Wealth Management LLC bought a new position in shares of BlackRock during the third quarter worth about $37,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

BLK has been the subject of several research reports. UBS Group lifted their target price on BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Wells Fargo & Company raised their target price on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Evercore ISI upped their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,120.67.

BlackRock Stock Down 1.5 %

BLK stock opened at $974.97 on Friday. The firm’s 50-day moving average is $1,011.61 and its two-hundred day moving average is $977.04. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $151.00 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,084.22.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the firm posted $9.66 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts forecast that BlackRock, Inc. will post 47.44 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be given a $5.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a yield of 2.14%. BlackRock’s payout ratio is 49.62%.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the completion of the sale, the director now owns 68,433 shares in the company, valued at approximately $69,117,330. This represents a 12.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total value of $37,851,121.00. Following the sale, the director now directly owns 6,480 shares in the company, valued at $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 110,190 shares of company stock valued at $115,163,141. 0.90% of the stock is owned by insiders.

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.