BlackRock, Inc. (NYSE:BLK) Shares Bought by Radnor Capital Management LLC

Radnor Capital Management LLC raised its holdings in BlackRock, Inc. (NYSE:BLK) by 98.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,472 shares of the asset manager’s stock after acquiring an additional 730 shares during the quarter. Radnor Capital Management LLC’s holdings in BlackRock were worth $1,017,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steward Financial Group LLC acquired a new stake in BlackRock in the fourth quarter valued at $31,000. Tyler Stone Wealth Management increased its position in shares of BlackRock by 71.4% in the fourth quarter. Tyler Stone Wealth Management now owns 48 shares of the asset manager’s stock valued at $34,000 after buying an additional 20 shares in the last quarter. Centerpoint Advisors LLC purchased a new position in shares of BlackRock in the first quarter valued at $34,000. Sittner & Nelson LLC increased its position in shares of BlackRock by 48.6% in the first quarter. Sittner & Nelson LLC now owns 52 shares of the asset manager’s stock valued at $35,000 after buying an additional 17 shares in the last quarter. Finally, Barrett & Company Inc. purchased a new position in shares of BlackRock in the first quarter valued at $38,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Insider Buying and Selling

In related news, CEO Laurence Fink sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $742.04, for a total transaction of $14,989,208.00. Following the transaction, the chief executive officer now directly owns 464,125 shares of the company’s stock, valued at approximately $344,399,315. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Laurence Fink sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $742.04, for a total transaction of $14,989,208.00. Following the transaction, the chief executive officer now directly owns 464,125 shares of the company’s stock, valued at approximately $344,399,315. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Wiedman sold 2,079 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $733.82, for a total value of $1,525,611.78. Following the transaction, the director now directly owns 6,160 shares in the company, valued at $4,520,331.20. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

BlackRock Trading Down 0.5 %

Shares of NYSE BLK traded down $3.41 during midday trading on Friday, hitting $703.40. The stock had a trading volume of 198,441 shares, compared to its average volume of 626,488. The company has a market capitalization of $105.02 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.96 and a beta of 1.29. BlackRock, Inc. has a 1-year low of $503.12 and a 1-year high of $785.65. The company has a quick ratio of 4.21, a current ratio of 4.21 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $705.78 and a 200 day moving average price of $681.03.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, July 14th. The asset manager reported $9.28 earnings per share for the quarter, beating the consensus estimate of $8.52 by $0.76. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.47 billion. BlackRock had a return on equity of 14.29% and a net margin of 29.90%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $7.36 EPS. On average, analysts predict that BlackRock, Inc. will post 35.48 earnings per share for the current year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $5.00 dividend. This represents a $20.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Thursday, September 7th. BlackRock’s dividend payout ratio is currently 58.41%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BLK shares. Deutsche Bank Aktiengesellschaft raised their price target on BlackRock from $780.00 to $785.00 in a research report on Monday, July 17th. StockNews.com initiated coverage on BlackRock in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Bank of America dropped their price objective on BlackRock from $928.00 to $921.00 in a research report on Sunday, July 16th. Citigroup lifted their price objective on BlackRock from $750.00 to $815.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Finally, JPMorgan Chase & Co. dropped their price objective on BlackRock from $780.00 to $770.00 and set an “overweight” rating for the company in a research report on Monday, July 3rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $767.69.

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.