BlackRock $BLK is Osprey Private Wealth LLC’s 10th Largest Position

Osprey Private Wealth LLC lifted its holdings in shares of BlackRock (NYSE:BLK) by 30.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,928 shares of the asset manager’s stock after acquiring an additional 1,868 shares during the period. BlackRock makes up approximately 3.4% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 10th largest holding. Osprey Private Wealth LLC’s holdings in BlackRock were worth $9,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLK. Game Plan Financial Advisors LLC increased its stake in shares of BlackRock by 100.0% in the first quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock worth $28,000 after acquiring an additional 15 shares during the period. Garde Capital Inc. grew its holdings in BlackRock by 200.0% in the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 18 shares during the period. Traub Capital Management LLC purchased a new stake in BlackRock in the 2nd quarter worth $28,000. Whipplewood Advisors LLC raised its position in shares of BlackRock by 107.1% during the 2nd 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. Finally, Creekmur Asset Management LLC raised its holdings in shares of BlackRock by 87.5% during the second quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of BlackRock from $1,196.00 to $1,325.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lifted their price target on shares of BlackRock from $1,093.00 to $1,242.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Citigroup increased their target price on BlackRock from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of BlackRock in a report on Monday. Finally, Cowen reiterated a “buy” rating on shares of BlackRock in a research note on Wednesday, October 15th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,316.18.

BlackRock Price Performance

Shares of BLK opened at $1,064.89 on Thursday. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $1,086.23 and its two-hundred day moving average is $1,090.35. The firm has a market capitalization of $165.22 billion, a PE ratio of 27.38, a P/E/G ratio of 1.67 and a beta of 1.47. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share for the quarter, missing the consensus estimate of $11.78 by ($0.23). The firm had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.22 billion. BlackRock had a net margin of 26.64% and a return on equity of 14.80%. The business’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the business earned $11.46 earnings per share. Research analysts anticipate that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

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

Insiders Place Their Bets

In other BlackRock news, CFO Martin Small sold 1,258 shares of BlackRock stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $1,043.38, for a total transaction of $1,312,572.04. Following the transaction, the chief financial officer directly owned 6,209 shares of the company’s stock, valued at $6,478,346.42. The trade was a 16.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Rachel Lord sold 12,000 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the completion of the sale, the director owned 7,205 shares of the company’s stock, valued at approximately $8,394,113.20. This trade represents a 62.48% decrease in their position. The SEC filing for this sale provides additional information. 1.98% of the stock is owned by company insiders.

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.