V Wealth Advisors LLC Has $220,000 Stake in BlackRock, Inc. (NYSE:BLK)

V Wealth Advisors LLC decreased its position in BlackRock, Inc. (NYSE:BLK) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 470 shares of the asset manager’s stock after selling 30 shares during the quarter. V Wealth Advisors LLC’s holdings in BlackRock were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in shares of BlackRock by 0.7% in the first quarter. Northern Trust Corp now owns 1,677,656 shares of the asset manager’s stock valued at $716,980,000 after acquiring an additional 11,082 shares during the last quarter. Geode Capital Management LLC increased its position in shares of BlackRock by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 1,443,990 shares of the asset manager’s stock valued at $566,150,000 after acquiring an additional 60,941 shares during the last quarter. Pennsylvania Trust Co increased its position in shares of BlackRock by 5,049.8% in the first quarter. Pennsylvania Trust Co now owns 1,084,132 shares of the asset manager’s stock valued at $44,805,000 after acquiring an additional 1,063,080 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of BlackRock by 11.4% in the first quarter. Neuberger Berman Group LLC now owns 665,134 shares of the asset manager’s stock valued at $284,258,000 after acquiring an additional 68,129 shares during the last quarter. Finally, Flossbach Von Storch AG increased its position in shares of BlackRock by 9.5% in the first quarter. Flossbach Von Storch AG now owns 638,366 shares of the asset manager’s stock valued at $272,818,000 after acquiring an additional 55,623 shares during the last quarter. 81.68% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. Wells Fargo & Co lifted their price target on BlackRock from $460.00 to $480.00 and gave the stock an “average” rating in a report on Wednesday, April 17th. Barclays lifted their price target on BlackRock from $515.00 to $540.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Citigroup lifted their price target on BlackRock from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Morgan Stanley lifted their price target on BlackRock from $550.00 to $553.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price target on BlackRock from $527.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $499.03.

Shares of NYSE:BLK traded down $11.29 during trading on Friday, reaching $426.33. 590,823 shares of the stock were exchanged, compared to its average volume of 518,837. BlackRock, Inc. has a 12 month low of $360.79 and a 12 month high of $492.00. The company has a market cap of $67.62 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.62 and a beta of 1.51. The company’s 50-day moving average is $467.52. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.49 and a current ratio of 3.49.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, July 19th. The asset manager reported $6.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.52 by ($0.11). BlackRock had a return on equity of 13.23% and a net margin of 30.25%. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the firm earned $6.66 EPS. The company’s revenue was down 2.2% on a year-over-year basis. On average, analysts anticipate that BlackRock, Inc. will post 27.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, September 5th will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, September 4th. BlackRock’s dividend payout ratio is presently 49.02%.

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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