Stratos Wealth Advisors LLC Buys 265 Shares of BlackRock, Inc. (NYSE:BLK)


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Stratos Wealth Advisors LLC raised its stake in shares of BlackRock, Inc. (NYSE:BLK) by 25.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,321 shares of the asset manager’s stock after purchasing an additional 265 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in BlackRock were worth $996,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Birch Capital Management LLC bought a new position in shares of BlackRock during the 1st quarter worth about $26,000. McCarthy Asset Management Inc. bought a new stake in BlackRock in the fourth quarter valued at about $25,000. Sittner & Nelson LLC bought a new stake in BlackRock in the fourth quarter valued at about $25,000. Baron Silver Stevens Financial Advisors LLC bought a new stake in BlackRock in the fourth quarter valued at about $35,000. Finally, SOA Wealth Advisors LLC. bought a new stake in BlackRock in the fourth quarter valued at about $36,000. Institutional investors own 79.10% of the company’s stock.

Shares of NYSE:BLK opened at $825.62 on Tuesday. BlackRock, Inc. has a 52 week low of $451.35 and a 52 week high of $832.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.01. The company has a market capitalization of $126.02 billion, a PE ratio of 25.89, a PEG ratio of 1.88 and a beta of 1.16. The company has a 50 day moving average price of $778.84 and a two-hundred day moving average price of $718.66.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, April 14th. The asset manager reported $7.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $7.64 by $0.13. BlackRock had a net margin of 30.43% and a return on equity of 15.74%. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm earned $6.60 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis. On average, sell-side analysts forecast that BlackRock, Inc. will post 36.68 earnings per share for the current year.

In other news, CFO Gary Shedlin sold 3,206 shares of the stock in a transaction on Friday, February 5th. The shares were sold at an average price of $730.41, for a total transaction of $2,341,694.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Robert L. Goldstein sold 1,775 shares of the stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $735.85, for a total transaction of $1,306,133.75. The disclosure for this sale can be found here. Insiders sold 13,499 shares of company stock valued at $10,408,036 in the last ninety days. Insiders own 1.42% of the company’s stock.

A number of research firms have commented on BLK. BMO Capital Markets boosted their price target on shares of BlackRock from $709.00 to $715.00 and gave the company a “market perform” rating in a research report on Friday, January 15th. Credit Suisse Group boosted their price target on shares of BlackRock from $949.00 to $984.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. Citigroup boosted their price target on shares of BlackRock from $950.00 to $1,000.00 in a research report on Friday, April 16th. Wells Fargo & Company boosted their price target on shares of BlackRock from $875.00 to $890.00 and gave the company an “overweight” rating in a research report on Tuesday, April 13th. Finally, Argus upped their target price on shares of BlackRock from $845.00 to $915.00 and gave the stock a “buy” rating in a research report on Thursday, April 22nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $858.23.

BlackRock Company Profile

BlackRock, Inc engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments. The company was founded by Ralph L.

Further Reading: Capital Gains Distribution

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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