Trilogy Capital Inc. Decreases Position in BlackRock $BLK

Trilogy Capital Inc. lessened its holdings in shares of BlackRock (NYSE:BLK) by 42.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 453 shares of the asset manager’s stock after selling 338 shares during the period. Trilogy Capital Inc.’s holdings in BlackRock were worth $475,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BLK. Brighton Jones LLC increased its position in shares of BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock valued at $1,615,000 after acquiring an additional 296 shares during the period. Bison Wealth LLC increased its position in shares of BlackRock by 1.6% in the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after acquiring an additional 17 shares during the period. RFG Advisory LLC acquired a new position in shares of BlackRock in the 1st quarter valued at $1,120,000. Greenfield Savings Bank increased its position in shares of BlackRock by 12.2% in the 1st quarter. Greenfield Savings Bank now owns 1,137 shares of the asset manager’s stock valued at $1,076,000 after acquiring an additional 124 shares during the period. Finally, Financial Management Professionals Inc. increased its position in shares of BlackRock by 3.0% in the 1st quarter. Financial Management Professionals Inc. now owns 451 shares of the asset manager’s stock valued at $427,000 after acquiring an additional 13 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on BLK. Argus reissued a “buy” rating on shares of BlackRock in a research report on Tuesday, July 8th. JPMorgan Chase & Co. increased their price target on BlackRock from $1,018.00 to $1,093.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,115.00 price target on shares of BlackRock in a research report on Tuesday, July 8th. Jefferies Financial Group increased their price target on BlackRock from $959.00 to $1,210.00 in a research report on Thursday, July 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating on shares of BlackRock in a research report on Tuesday, July 8th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,171.93.

Insider Activity at BlackRock

In related news, Director Rachel Lord sold 18,036 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the transaction, the director directly owned 19,205 shares of the company’s stock, valued at approximately $21,617,148. This trade represents a 48.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Fabrizio Freda sold 4,434 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 3,506 shares in the company, valued at $3,936,571.86. This represents a 55.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,494 shares of company stock valued at $74,694,573. 1.98% of the stock is owned by corporate insiders.

BlackRock Price Performance

NYSE:BLK opened at $1,142.33 on Thursday. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,183.50. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $176.89 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 2.23 and a beta of 1.45. The stock’s 50-day moving average price is $1,128.09 and its 200-day moving average price is $1,024.88.

BlackRock (NYSE:BLK) last posted its earnings results on Tuesday, July 15th. The asset manager reported $12.05 EPS for the quarter, beating analysts’ consensus estimates of $10.41 by $1.64. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period last year, the firm earned $10.36 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, equities analysts expect that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

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

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.