Capital Square LLC Makes New $209,000 Investment in BlackRock, Inc. (NYSE:BLK)

Capital Square LLC bought a new position in shares of BlackRock, Inc. (NYSE:BLK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 220 shares of the asset manager’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BLK. Fairscale Capital LLC bought a new position in shares of BlackRock in the 2nd quarter valued at about $31,000. Reston Wealth Management LLC acquired a new stake in BlackRock during the 3rd quarter worth $37,000. MFA Wealth Advisors LLC raised its position in shares of BlackRock by 100.0% during the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares during the last quarter. Addison Advisors LLC boosted its position in shares of BlackRock by 81.5% in the 3rd quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock worth $47,000 after purchasing an additional 22 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new stake in shares of BlackRock during the second quarter worth $53,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In related news, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. The trade was a 64.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. TD Cowen increased their target price on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Evercore ISI increased their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their price objective on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Barclays increased their target price on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $1,019.62.

BlackRock Stock Down 0.5 %

BLK stock opened at $1,031.49 on Tuesday. The business has a 50-day moving average of $987.00 and a 200-day moving average of $882.60. BlackRock, Inc. has a fifty-two week low of $724.54 and a fifty-two week high of $1,068.34. The stock has a market capitalization of $159.76 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.85 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.42 by $1.04. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the business earned $10.91 EPS. On average, sell-side analysts anticipate that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th will be given a dividend of $5.10 per share. The ex-dividend date is Thursday, December 5th. This represents a $20.40 annualized dividend and a yield of 1.98%. BlackRock’s dividend payout ratio (DPR) is presently 50.35%.

About BlackRock

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.