ORG Partners LLC Sells 50 Shares of BlackRock $BLK

ORG Partners LLC cut its holdings in BlackRock (NYSE:BLK) by 20.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200 shares of the asset manager’s stock after selling 50 shares during the period. ORG Partners LLC’s holdings in BlackRock were worth $212,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. McLean Asset Management Corp grew its stake in BlackRock by 3.9% during the second quarter. McLean Asset Management Corp now owns 266 shares of the asset manager’s stock valued at $285,000 after acquiring an additional 10 shares in the last quarter. Trust Co. of Oklahoma boosted its holdings in shares of BlackRock by 0.5% during the 2nd quarter. Trust Co. of Oklahoma now owns 2,023 shares of the asset manager’s stock valued at $2,123,000 after purchasing an additional 10 shares during the last quarter. Detalus Advisors LLC boosted its holdings in shares of BlackRock by 2.8% during the 1st quarter. Detalus Advisors LLC now owns 409 shares of the asset manager’s stock valued at $387,000 after purchasing an additional 11 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in shares of BlackRock by 20.4% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 65 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 11 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its position in shares of BlackRock by 1.8% in the second quarter. Focus Financial Network Inc. now owns 619 shares of the asset manager’s stock worth $650,000 after buying an additional 11 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BLK shares. JPMorgan Chase & Co. boosted their target price on BlackRock from $1,018.00 to $1,093.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Barclays raised their target price on shares of BlackRock from $990.00 to $1,220.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Bank of America raised their target price on shares of BlackRock from $1,214.00 to $1,224.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Telsey Advisory Group reiterated an “outperform” rating on shares of BlackRock in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of BlackRock from $1,247.00 to $1,224.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 16th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,154.07.

BlackRock Trading Up 0.9%

Shares of BLK opened at $1,157.69 on Monday. The company has a market cap of $179.27 billion, a P/E ratio of 27.99, a P/E/G ratio of 2.21 and a beta of 1.45. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,171.89. The company’s fifty day simple moving average is $1,124.77 and its 200-day simple moving average is $1,021.36. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39.

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

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 5th were paid 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 dividend payout ratio (DPR) is currently 50.39%.

Insiders Place Their Bets

In other news, Director Rachel Lord sold 18,036 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the transaction, the director directly owned 19,205 shares in the company, valued at approximately $21,617,148. This represents a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Laurence Fink sold 12,054 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $1,125.43, for a total transaction of $13,565,933.22. Following the completion of the transaction, the chief executive officer owned 251,697 shares in the company, valued at approximately $283,267,354.71. The trade was a 4.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,494 shares of company stock worth $74,694,573. 1.98% of the stock is currently owned by company insiders.

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.