Brentview Investment Management LLC Sells 63 Shares of BlackRock $BLK

Brentview Investment Management LLC reduced its stake in BlackRock (NYSE:BLK) by 1.7% during the second quarter, Holdings Channel.com reports. The firm owned 3,709 shares of the asset manager’s stock after selling 63 shares during the period. BlackRock accounts for about 2.0% of Brentview Investment Management LLC’s portfolio, making the stock its 27th largest position. Brentview Investment Management LLC’s holdings in BlackRock were worth $3,892,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BLK. Game Plan Financial Advisors LLC raised its holdings in BlackRock by 100.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after buying an additional 15 shares during the last quarter. Garde Capital Inc. raised its stake in shares of BlackRock by 200.0% during the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 18 shares during the last quarter. Traub Capital Management LLC bought a new position in shares of BlackRock during the second quarter valued at about $28,000. Cheviot Value Management LLC purchased a new stake in shares of BlackRock during the first quarter worth about $30,000. Finally, Whipplewood Advisors LLC grew its stake in shares of BlackRock by 107.1% in the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In related news, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the sale, the director owned 7,205 shares in the company, valued at $8,394,113.20. This represents a 62.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BLK has been the subject of a number of recent analyst reports. Barclays upped their price target on BlackRock from $1,310.00 to $1,360.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Morgan Stanley upped their target price on BlackRock from $1,362.00 to $1,486.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft cut their price target on shares of BlackRock from $1,312.00 to $1,305.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Zacks Research lowered shares of BlackRock from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, UBS Group reaffirmed a “hold” rating on shares of BlackRock in a research note on Tuesday, October 21st. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,302.59.

BlackRock Stock Performance

Shares of BlackRock stock opened at $1,048.41 on Monday. BlackRock has a 12 month low of $773.74 and a 12 month high of $1,219.94. The firm has a market capitalization of $162.66 billion, a P/E ratio of 26.96, a P/E/G ratio of 1.90 and a beta of 1.48. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $1,107.94 and a two-hundred day simple moving average of $1,082.60.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.78 by ($0.23). BlackRock had a return on equity of 15.36% and a net margin of 26.64%.The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.22 billion. During the same quarter in the previous year, the business earned $11.46 earnings per share. The firm’s revenue was up 25.2% compared to the same quarter last year. On average, equities analysts forecast that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Friday, December 5th will be given a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, December 5th. BlackRock’s payout ratio is currently 53.59%.

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.