Kintegral Advisory LLC Sells 12 Shares of BlackRock $BLK

Kintegral Advisory LLC trimmed its holdings in shares of BlackRock (NYSE:BLK) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,601 shares of the asset manager’s stock after selling 12 shares during the period. BlackRock comprises approximately 0.7% of Kintegral Advisory LLC’s investment portfolio, making the stock its 28th largest holding. Kintegral Advisory LLC’s holdings in BlackRock were worth $7,975,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC raised its stake in shares of BlackRock by 76.5% during the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock worth $28,000 after purchasing an additional 13 shares during the period. Game Plan Financial Advisors LLC raised its stake in shares of BlackRock by 100.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock worth $28,000 after purchasing an additional 15 shares during the period. Garde Capital Inc. raised its stake in shares of 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 purchasing an additional 18 shares during the period. Cheviot Value Management LLC bought a new stake in shares of BlackRock during the 1st quarter worth $30,000. Finally, MorganRosel Wealth Management LLC bought a new stake in BlackRock in the 1st quarter valued at about $31,000. 80.69% of the stock is currently owned by institutional investors.

Insider Activity at BlackRock

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

BlackRock Stock Performance

Shares of BLK opened at $1,132.12 on Monday. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,184.13. 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 PE ratio of 27.37, a price-to-earnings-growth ratio of 2.15 and a beta of 1.45. The stock has a 50-day moving average price of $1,134.85 and a 200-day moving average price of $1,035.56.

BlackRock (NYSE:BLK) last announced its earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share for the quarter, beating analysts’ consensus estimates of $10.41 by $1.64. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period last year, the firm posted $10.36 earnings per share. BlackRock’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, equities analysts forecast that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently disclosed 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. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 5th. BlackRock’s payout ratio is currently 50.39%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BLK. Evercore ISI boosted their price objective on BlackRock from $1,200.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America upped their price target on shares of BlackRock from $1,224.00 to $1,396.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. UBS Group reiterated a “neutral” rating and issued a $980.00 price objective on shares of BlackRock in a research note on Tuesday, July 8th. TD Cowen increased their target price on BlackRock from $1,252.00 to $1,301.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Argus reaffirmed a “buy” rating on shares of BlackRock in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,258.56.

About BlackRock

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.