Fidelis Capital Partners LLC Sells 446 Shares of BlackRock, Inc. (NYSE:BLK)

Fidelis Capital Partners LLC decreased its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 16.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,248 shares of the asset manager’s stock after selling 446 shares during the quarter. Fidelis Capital Partners LLC’s holdings in BlackRock were worth $1,888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BLK. Vanguard Group Inc. grew its position in BlackRock by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock valued at $10,990,052,000 after acquiring an additional 292,017 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of BlackRock by 11.1% in the first quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock worth $3,630,127,000 after purchasing an additional 435,358 shares during the last quarter. Capital World Investors lifted its holdings in BlackRock by 57.3% during the 4th quarter. Capital World Investors now owns 3,514,999 shares of the asset manager’s stock valued at $2,853,517,000 after buying an additional 1,279,952 shares in the last quarter. Capital International Investors boosted its position in BlackRock by 2.4% in the 4th quarter. Capital International Investors now owns 2,471,621 shares of the asset manager’s stock valued at $2,006,490,000 after buying an additional 58,681 shares during the period. Finally, Fisher Asset Management LLC grew its stake in BlackRock by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,015,337 shares of the asset manager’s stock worth $1,636,052,000 after acquiring an additional 47,128 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BlackRock

In other news, Director Mark Wiedman sold 27,000 shares of BlackRock stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $834.42, for a total transaction of $22,529,340.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at $5,407,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other BlackRock news, CEO Laurence Fink sold 29,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the completion of the transaction, the chief executive officer now directly owns 353,718 shares of the company’s stock, valued at approximately $298,272,703.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Wiedman sold 27,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $834.42, for a total transaction of $22,529,340.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at $5,407,041.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,042 shares of company stock worth $79,387,117. 0.90% of the stock is owned by corporate insiders.

BlackRock Stock Performance

Shares of BLK stock opened at $928.79 on Friday. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $942.73. The business’s fifty day simple moving average is $868.55 and its 200-day simple moving average is $817.89. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The company has a market cap of $138.02 billion, a PE ratio of 23.60, a PEG ratio of 1.92 and a beta of 1.30.

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

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be given a dividend of $5.10 per share. This represents a $20.40 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, September 9th. BlackRock’s dividend payout ratio is presently 51.84%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Argus upped their target price on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Barclays raised their price target on BlackRock from $985.00 to $990.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Wells Fargo & Company assumed coverage on shares of BlackRock in a research note on Thursday, September 12th. They issued an “overweight” rating and a $1,000.00 price objective for the company. Finally, Morgan Stanley cut their target price on shares of BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and a consensus target price of $902.13.

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.