Lindenwold Advisors INC Has $2.06 Million Position in BlackRock $BLK

Lindenwold Advisors INC lessened its holdings in BlackRock (NYSE:BLK) by 26.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,960 shares of the asset manager’s stock after selling 699 shares during the quarter. Lindenwold Advisors INC’s holdings in BlackRock were worth $2,057,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BLK. Garde Capital Inc. boosted its holdings in BlackRock by 200.0% during the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after acquiring an additional 18 shares during the last quarter. Fairway Wealth LLC boosted its holdings in shares of BlackRock by 76.5% in the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock worth $28,000 after buying an additional 13 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in BlackRock by 100.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 15 shares during the period. MorganRosel Wealth Management LLC bought a new stake in BlackRock in the 1st quarter valued at about $31,000. Finally, Cheviot Value Management LLC bought a new stake in shares of BlackRock during the first quarter valued at about $30,000. Institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling

In other news, Director Rachel Lord sold 18,036 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total transaction of $20,301,321.60. Following the completion of the transaction, the director directly owned 19,205 shares in the company, valued at $21,617,148. This trade represents a 48.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Fabrizio Freda sold 4,434 shares of the firm’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the transaction, the director owned 3,506 shares of the company’s stock, valued at $3,936,571.86. The trade was a 55.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,494 shares of company stock valued at $74,694,573 over the last ninety days. Insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BLK. Wells Fargo & Company decreased their price target on BlackRock from $1,180.00 to $1,170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 16th. BNP Paribas Exane boosted their price objective on BlackRock from $1,160.00 to $1,265.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI boosted their price objective on BlackRock from $1,200.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday. Telsey Advisory Group reissued an “outperform” rating on shares of BlackRock in a report on Tuesday, July 8th. Finally, UBS Group reissued a “neutral” rating and set a $980.00 price objective on shares of BlackRock in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and an average price target of $1,258.56.

BlackRock Price Performance

BLK opened at $1,132.12 on Friday. The stock has a fifty day simple moving average of $1,134.85 and a two-hundred day simple moving average of $1,034.64. 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 company has a market cap of $175.31 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,184.13.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.41 by $1.64. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the company earned $10.36 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Research analysts predict that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th were issued a dividend of $5.21 per share. The ex-dividend date was Friday, September 5th. This represents a $20.84 annualized dividend and a dividend yield of 1.8%. BlackRock’s dividend payout ratio (DPR) is presently 50.39%.

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.