First National Corp MA ADV Invests $224,000 in BlackRock, Inc. (NYSE:BLK)

First National Corp MA ADV purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 236 shares of the asset manager’s stock, valued at approximately $224,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of BlackRock by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock worth $10,990,052,000 after purchasing an additional 292,017 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of BlackRock by 11.1% during the 1st quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after buying an additional 435,358 shares during the period. Fisher Asset Management LLC grew its holdings in shares of BlackRock by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,015,337 shares of the asset manager’s stock valued at $1,636,052,000 after acquiring an additional 47,128 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of BlackRock by 2.9% during the second quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager’s stock worth $1,310,762,000 after acquiring an additional 46,728 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in BlackRock by 1.9% during the second quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager’s stock valued at $942,640,000 after purchasing an additional 22,311 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BlackRock

In other news, CEO Laurence Fink sold 29,450 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value of $24,833,712.50. Following the sale, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Pamela Daley sold 1,531 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the sale, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laurence Fink sold 29,450 shares of BlackRock stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value 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 $298,272,703.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,042 shares of company stock worth $79,387,117 over the last three months. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BLK shares. Citigroup raised their price target on shares of BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Argus increased their price objective on BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company initiated coverage on BlackRock in a report on Thursday, September 12th. They issued an “overweight” rating and a $1,000.00 target price for the company. Evercore ISI increased their price target on BlackRock from $945.00 to $995.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Finally, Morgan Stanley boosted their price objective on shares of BlackRock from $1,036.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $943.93.

BlackRock Stock Performance

Shares of BLK traded up $6.74 on Wednesday, reaching $955.81. 33,941 shares of the stock traded hands, compared to its average volume of 572,156. The stock’s 50-day moving average price is $893.10 and its 200-day moving average price is $828.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market cap of $142.03 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 2.05 and a beta of 1.30. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $960.74.

BlackRock (NYSE:BLK) last issued its earnings results on Monday, July 15th. The asset manager reported $10.36 earnings per share for the quarter, beating the consensus estimate of $9.96 by $0.40. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the business earned $9.28 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that BlackRock, Inc. will post 41.37 EPS for the current fiscal year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were paid a $5.10 dividend. This represents a $20.40 annualized dividend and a yield of 2.13%. The ex-dividend date was Monday, September 9th. BlackRock’s dividend payout ratio is 51.84%.

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.