JFS Wealth Advisors LLC cut its position in BlackRock, Inc. (NYSE:BLK) by 40.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 356 shares of the asset manager’s stock after selling 240 shares during the quarter. JFS Wealth Advisors LLC’s holdings in BlackRock were worth $168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in BlackRock in the 3rd quarter valued at $116,000. Canton Hathaway LLC bought a new stake in BlackRock in the 3rd quarter valued at $146,000. AlphaMark Advisors LLC bought a new stake in BlackRock in the 2nd quarter valued at $147,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in BlackRock in the 2nd quarter valued at $150,000. Finally, Kaizen Advisory LLC boosted its stake in BlackRock by 156.7% in the 2nd quarter. Kaizen Advisory LLC now owns 308 shares of the asset manager’s stock valued at $154,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.

NYSE:BLK opened at $402.92 on Wednesday. The firm has a market cap of $64.31 billion, a PE ratio of 17.83, a P/E/G ratio of 1.22 and a beta of 1.54. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.76. BlackRock, Inc. has a fifty-two week low of $376.31 and a fifty-two week high of $594.52.

BlackRock (NYSE:BLK) last released its earnings results on Tuesday, October 16th. The asset manager reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $6.93 by $0.59. BlackRock had a return on equity of 13.72% and a net margin of 39.92%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company posted $5.76 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that BlackRock, Inc. will post 27.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Friday, December 7th will be issued a dividend of $3.13 per share. This represents a $12.52 dividend on an annualized basis and a dividend yield of 3.11%. BlackRock’s dividend payout ratio (DPR) is currently 1.28%.

In other BlackRock news, Director William E. Ford purchased 2,000 shares of the stock in a transaction dated Monday, October 22nd. The stock was bought at an average price of $395.21 per share, with a total value of $790,420.00. Following the acquisition, the director now owns 9,466 shares of the company’s stock, valued at $3,741,057.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.75% of the stock is currently owned by insiders.

Several analysts recently issued reports on the company. Morgan Stanley reduced their price target on BlackRock from $554.00 to $514.00 and set an “overweight” rating for the company in a research note on Wednesday, November 14th. Deutsche Bank cut their target price on BlackRock from $458.00 to $444.00 and set a “buy” rating for the company in a research report on Friday, November 16th. ValuEngine upgraded BlackRock from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Argus cut their target price on BlackRock from $620.00 to $535.00 and set a “buy” rating for the company in a research report on Wednesday, October 17th. Finally, Zacks Investment Research downgraded BlackRock from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $554.31.

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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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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