Toth Financial Advisory Corp Has $7.41 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Toth Financial Advisory Corp lifted its position in shares of BlackRock, Inc. (NYSE:BLK) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,882 shares of the asset manager’s stock after purchasing an additional 630 shares during the period. Toth Financial Advisory Corp’s holdings in BlackRock were worth $7,405,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Trifecta Capital Advisors LLC grew its stake in BlackRock by 4.2% in the 1st quarter. Trifecta Capital Advisors LLC now owns 4,214 shares of the asset manager’s stock valued at $3,514,000 after buying an additional 170 shares during the last quarter. Occidental Asset Management LLC acquired a new position in BlackRock in the 1st quarter valued at about $206,000. Independence Bank of Kentucky grew its stake in BlackRock by 6.1% in the 1st quarter. Independence Bank of Kentucky now owns 1,210 shares of the asset manager’s stock valued at $1,009,000 after buying an additional 70 shares during the last quarter. New England Research & Management Inc. grew its stake in BlackRock by 619.5% in the 1st quarter. New England Research & Management Inc. now owns 3,058 shares of the asset manager’s stock valued at $2,549,000 after buying an additional 2,633 shares during the last quarter. Finally, Norway Savings Bank grew its stake in BlackRock by 26.8% in the 1st quarter. Norway Savings Bank now owns 1,696 shares of the asset manager’s stock valued at $1,414,000 after buying an additional 358 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BlackRock

In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 383,168 shares in the company, valued at approximately $309,327,694.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Mark Wiedman sold 9,000 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $795.00, for a total transaction of $7,155,000.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at $5,151,600. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Laurence Fink sold 30,978 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $807.29, for a total transaction of $25,008,229.62. Following the sale, the chief executive officer now owns 383,168 shares of the company’s stock, valued at $309,327,694.72. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

BlackRock Price Performance

NYSE:BLK traded up $6.19 on Friday, hitting $787.32. The company had a trading volume of 769,459 shares, compared to its average volume of 564,991. The stock has a market capitalization of $117.00 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.61 and a beta of 1.34. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $779.33 and a two-hundred day moving average of $792.66. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, beating the consensus estimate of $9.42 by $0.39. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. BlackRock had a net margin of 32.26% and a return on equity of 15.24%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.93 EPS. On average, research analysts anticipate that BlackRock, Inc. will post 41.25 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were paid a $5.10 dividend. This represents a $20.40 annualized dividend and a yield of 2.59%. The ex-dividend date was Friday, June 7th. BlackRock’s payout ratio is 51.84%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. UBS Group boosted their price objective on shares of BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a report on Friday, April 12th. JPMorgan Chase & Co. boosted their price objective on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley boosted their price objective on shares of BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $845.42.

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.