Epic Trust Investment Advisors LLC owns $240,000 in shares of BlackRock, Inc. (NYSE:BLK)

Financial Advisors


Epic Trust Investment Advisors LLC had its position in BlackRock (NYSE:BLK – rated) at 31.2 during the fourth quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. % reduced. The company held 338 shares in the asset manager after selling 153 shares during the quarter. BlackRock shares in Epic Trust Investment Advisors LLC were valued at $240,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Foundations Investment Advisors LLC increased its stake in BlackRock by 63.8% in the fourth quarter. Foundations Investment Advisors LLC purchased an additional 438 shares during the period and now owns 1,124 shares of the asset manager at a value of $797,000. Continental Investors Service purchased a new position in BlackRock in the third quarter for approximately $377,000. Lake Street Financial LLC increased his BlackRock holdings by 24.8% in the fourth quarter. Lake Street Financial LLC now owns 1,023 shares of the asset manager, valued at $727,000, after purchasing an additional 203 shares during the period. Avestar Capital LLC purchased his new BlackRock position worth approximately $264,000 in the fourth quarter. Finally, Laurel Wealth Advisors Inc. increased its BlackRock stake by 6.1% in the third quarter. Laurel Wealth Advisors purchased an additional 42 shares during the last quarter and now owns 735 shares of the asset manager worth $404,000. 77.69% of the shares are held by institutional investors.

BlackRock Trading rises 2.2%

NYSE BLK stock rose $14.90 to $703.99 in Wednesday noon trading. The stock traded 122,203 shares with an average turnover of 671,775 shares. The company has a market capitalization of $105.43 billion, a price/earnings multiple of 21.39x, a price/earnings multiple of 2.08x and a beta of 1.27x. BlackRock shares hit a 12-month low of $503.12 and a 12-month high of $785.65. The company has a debt to equity ratio of 0.35, a quick ratio of 4.20 and a current ratio of 4.20. The company has a 50-day moving average price of $665.09 and a 200-day moving average price of $691.13.

BlackRock (NYSE:BLK – Get Rating) reported quarterly results on Friday, April 14. The asset manager reported earnings per share (EPS) of $7.93 for the quarter, $0.22 above analyst consensus expectations of $7.71. The company had revenue of $4.24 billion in the quarter, compared with consensus expectations of $4.24 billion. BlackRock’s net profit margin was 28.13% and return on equity was 13.66%. The company’s revenue for the quarter fell 9.7% year-on-year. The company’s EPS in the year-ago quarter was $9.52. As a group, sell-side analysts expect BlackRock’s EPS to be $34.28 this year.

BlackRock Announces Dividend

The company also recently announced a quarterly dividend to be paid on Friday, June 23. Investors who register on Thursday, June 8th will receive a dividend of $5.00 per share. The ex-dividend date for this dividend will be June 7 (Wednesday). This equates to his $20.00 dividend and his 2.84% dividend yield on an annualized basis. BlackRock’s dividend payout ratio is currently 62.03%.

Insider activity at BlackRock

In related news, Director J. Richard Kushel sold 3,000 shares of the company’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $696.00 for a total transaction value of $2,088,000. After the transaction, the directors own 71,307 shares of the company, valued at approximately $49,629,672. The transaction was disclosed in filings with the Securities and Exchange Commission, which can be accessed via this hyperlink. In related news, CEO Lawrence Fink sold 35,799 shares of the company in a transaction on Tuesday, April 18th. The shares were sold at an average price of $694.50 for a total transaction value of $24,862,405.50. After the transaction, the CEO now owns 484,325 shares in the company, valued at approximately $336,363,712.50. The transaction was disclosed in filings with the Securities and Exchange Commission, which can be accessed via this hyperlink. Director J. Richard Kushel also sold 3,000 shares of the company in a transaction on Monday, April 17th. The shares were sold at an average price of $696.00 for a total transaction value of $2,088,000. Following the transaction, the directors now own 71,307 shares of the company’s stock, valued at approximately $49,629,672. Disclosure information regarding this sale can be found here. 1.06% of the shares are owned by corporate insiders.

Analyst upgrades and downgrades

BLK has been the subject of several research reports. Morgan Stanley raised its price target on BlackRock stock to $861.00 from $829.00 in a report on Monday, April 17, giving the company an Overweight rating. Bank of America raised its price target on BlackRock shares to $920.00 from $868.00, giving the company a Buy rating in a report on Monday, April 17. Wells Fargo & Co. lowered its price target on BlackRock stock to $780.00 from $840.00 in a report on Wednesday, April 5, setting the stock’s rating to Overweight. BMO Capital Markets lowered its price target on BlackRock shares to $542.00 from $583.00 and set a “market performance” rating for the stock in its report on Monday, April 17. Finally, StockNews.com began covering BlackRock shares in a research report on Thursday, May 18th. They set a “Hold” rating on the stock. Five research analysts rate the stock as a “hold,” while eight rate it as a “buy.” Based on MarketBeat data, the stock has an average rating of “moderate buy” and a consensus price target of $755.92.

BlackRock Company Profile

(get rating)

BlackRock, Inc is a public investment manager. The company mainly deals with corporate, public, labor unions, industrial pension schemes, insurance companies, third-party investment trusts, donations, public institutions, governments, foundations, charities, sovereign wealth funds and other institutional investors, intermediaries. We provide services to investors and individual investors. Corporations, public institutions, banks.

Related item

BlackRock Quarterly Institutional Ownership (NYSE:BLK)

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