ASB Consultores LLC Has $321,000 Holdings in BlackRock, Inc. (NYSE:BLK)

ASB Consultores LLC lessened its stake in shares of BlackRock, Inc. (NYSE:BLK) by 53.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 408 shares of the asset manager’s stock after selling 473 shares during the quarter. ASB Consultores LLC’s holdings in BlackRock were worth $321,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Gilbert & Cook Inc. grew its position in shares of BlackRock by 4.8% in the fourth quarter. Gilbert & Cook Inc. now owns 1,366 shares of the asset manager’s stock valued at $1,109,000 after purchasing an additional 62 shares during the last quarter. Gryphon Financial Partners LLC acquired a new stake in shares of BlackRock in the fourth quarter valued at about $354,000. TrinityPoint Wealth LLC grew its position in shares of BlackRock by 3.8% in the fourth quarter. TrinityPoint Wealth LLC now owns 1,380 shares of the asset manager’s stock valued at $1,120,000 after purchasing an additional 51 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of BlackRock by 5.8% in the fourth quarter. D.A. Davidson & CO. now owns 5,979 shares of the asset manager’s stock valued at $4,854,000 after purchasing an additional 330 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in BlackRock by 12.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 464 shares of the asset manager’s stock worth $376,000 after buying an additional 50 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BLK. Wells Fargo & Company began coverage on BlackRock in a research report on Thursday, September 12th. They set an “overweight” rating and a $1,000.00 target price on the stock. Keefe, Bruyette & Woods raised their price target on shares of BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. TD Cowen cut their price target on shares of BlackRock from $974.00 to $969.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Barclays raised their price target on shares of BlackRock from $985.00 to $990.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $902.13.

BlackRock Price Performance

BLK opened at $934.61 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $942.73. The company has a fifty day simple moving average of $866.54 and a 200 day simple moving average of $817.30. The stock has a market cap of $138.88 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.92 and a beta of 1.30.

BlackRock (NYSE:BLK) last released its earnings results on Monday, July 15th. The asset manager reported $10.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.96 by $0.40. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.85 billion. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.28 EPS. On average, research analysts expect that BlackRock, Inc. will post 41.34 EPS for the current year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be paid a dividend of $5.10 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.18%. BlackRock’s dividend payout ratio is 51.84%.

Insider Transactions at BlackRock

In other news, Director Pamela Daley sold 1,531 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the transaction, the director now directly owns 5,732 shares in the company, valued at approximately $4,826,802.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares of the company’s stock, valued at $4,826,802.56. The disclosure for this sale can be found here. Insiders sold a total of 93,042 shares of company stock worth $79,387,117 in the last three months. Insiders own 0.90% of the company’s stock.

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.