BlackRock, Inc. (NYSE:BLK) Shares Sold by Windward Capital Management Co. CA

Windward Capital Management Co. CA trimmed its position in shares of BlackRock, Inc. (NYSE:BLK) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,950 shares of the asset manager’s stock after selling 761 shares during the quarter. BlackRock accounts for 2.6% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 10th largest holding. Windward Capital Management Co. CA’s holdings in BlackRock were worth $31,453,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new stake in BlackRock during the 1st quarter worth approximately $27,000. Private Wealth Management Group LLC purchased a new position in shares of BlackRock during the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC bought a new stake in BlackRock during the fourth quarter worth $28,000. Northwest Financial Advisors purchased a new stake in BlackRock in the 4th quarter valued at $32,000. Finally, Lam Group Inc. bought a new position in BlackRock during the 1st quarter valued at $33,000. 80.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other BlackRock news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction dated 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 of the company’s stock, valued at approximately $4,826,802.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Pamela Daley sold 1,531 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the sale, the director now owns 5,732 shares in the company, valued at $4,826,802.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the transaction, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,042 shares of company stock valued at $79,387,117. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BLK shares. Morgan Stanley lowered their target price 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. Barclays assumed coverage on shares of BlackRock in a research note on Tuesday, August 27th. They issued an “overweight” rating and a $985.00 price objective for the company. Citigroup upped their target price on BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Argus lifted their price target on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, UBS Group reduced their price objective on BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $883.13.

BlackRock Price Performance

Shares of NYSE:BLK opened at $866.92 on Friday. The company has a 50-day moving average price of $848.57 and a two-hundred day moving average price of $811.87. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $903.46. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $128.82 billion, a PE ratio of 22.03, a P/E/G ratio of 1.97 and a beta of 1.30.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, topping the consensus estimate of $9.96 by $0.40. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the firm earned $9.28 EPS. BlackRock’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts forecast that BlackRock, Inc. will post 41.34 EPS for the current year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 9th will be paid a dividend of $5.10 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.35%. BlackRock’s payout ratio is 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.