ARS Wealth Advisors Group LLC Has $2.18 Million Holdings in BlackRock, Inc. (NYSE:BLK)

ARS Wealth Advisors Group LLC lifted its position in shares of BlackRock, Inc. (NYSE:BLK) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,766 shares of the asset manager’s stock after buying an additional 14 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in BlackRock were worth $2,177,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BLK. Franklin Street Advisors Inc. NC lifted its position in shares of BlackRock by 3.2% during the second quarter. Franklin Street Advisors Inc. NC now owns 33,838 shares of the asset manager’s stock valued at $26,641,000 after purchasing an additional 1,043 shares in the last quarter. E&G Advisors LP grew its stake in BlackRock by 8.9% in the 2nd quarter. E&G Advisors LP now owns 1,224 shares of the asset manager’s stock worth $964,000 after buying an additional 100 shares in the last quarter. Everpar Advisors LLC grew its stake in BlackRock by 11.0% in the 2nd quarter. Everpar Advisors LLC now owns 766 shares of the asset manager’s stock worth $603,000 after buying an additional 76 shares in the last quarter. Brookstone Capital Management grew its stake in BlackRock by 21.4% in the 2nd quarter. Brookstone Capital Management now owns 708 shares of the asset manager’s stock worth $596,000 after buying an additional 125 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in BlackRock by 32.4% in the 2nd quarter. Blue Trust Inc. now owns 678 shares of the asset manager’s stock worth $565,000 after buying an additional 166 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $807.29, for a total value of $25,008,229.62. Following the transaction, the chief executive officer now owns 383,168 shares in the company, valued at approximately $309,327,694.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $807.29, for a total value of $25,008,229.62. Following the transaction, the chief executive officer now owns 383,168 shares in the company, valued at approximately $309,327,694.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela Daley sold 1,531 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the transaction, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. The disclosure for this sale can be found here. Insiders have sold a total of 112,020 shares of company stock valued at $93,595,347 in the last 90 days. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BLK. Argus boosted their price objective on shares of BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Morgan Stanley lowered their price objective on shares of BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Evercore ISI boosted their price objective on shares of BlackRock from $910.00 to $920.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. TD Cowen lowered their price objective on shares of BlackRock from $974.00 to $969.00 and set a “buy” rating for the company in a report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $874.07.

BlackRock Stock Up 0.0 %

Shares of NYSE:BLK traded up $0.43 during midday trading on Friday, reaching $872.49. The company’s stock had a trading volume of 395,236 shares, compared to its average volume of 601,810. The firm has a 50 day moving average of $818.31 and a 200-day moving average of $802.34. The firm has a market capitalization of $129.65 billion, a P/E ratio of 22.17, a PEG ratio of 1.92 and a beta of 1.32. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.35. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $885.10.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, beating the consensus estimate of $9.96 by $0.40. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.85 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.53%. BlackRock’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $9.28 EPS. On average, research analysts anticipate that BlackRock, Inc. will post 41.23 earnings per share for the current year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be issued a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, September 9th. BlackRock’s payout ratio is presently 51.84%.

BlackRock Company 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.