Onyx Bridge Wealth Group LLC Has $312,000 Stock Position in BlackRock, Inc. (NYSE:BLK)

Onyx Bridge Wealth Group LLC increased its position in BlackRock, Inc. (NYSE:BLK) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328 shares of the asset manager’s stock after acquiring an additional 11 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in BlackRock were worth $312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Hawaiian Bank acquired a new stake in BlackRock in the 1st quarter valued at approximately $200,000. RFG Advisory LLC grew its stake in shares of BlackRock by 3.2% in the first quarter. RFG Advisory LLC now owns 1,627 shares of the asset manager’s stock worth $1,356,000 after acquiring an additional 50 shares during the last quarter. International Assets Investment Management LLC increased its position in BlackRock by 10.5% during the first quarter. International Assets Investment Management LLC now owns 874 shares of the asset manager’s stock worth $722,000 after acquiring an additional 83 shares during the period. O Keefe Stevens Advisory Inc. acquired a new position in BlackRock during the 1st quarter valued at $298,000. Finally, Cooper Financial Group boosted its holdings in BlackRock by 4.9% in the 1st quarter. Cooper Financial Group now owns 691 shares of the asset manager’s stock valued at $576,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Up 0.5 %

Shares of NYSE:BLK opened at $1,007.02 on Friday. The company has a market capitalization of $149.64 billion, a PE ratio of 25.59, a P/E/G ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The company’s fifty day moving average is $915.45 and its 200-day moving average is $837.36. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $1,032.00.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $10.91 earnings per share. Equities research analysts predict that BlackRock, Inc. will post 41.73 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a dividend of $5.10 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a yield of 2.03%. BlackRock’s dividend payout ratio is 51.84%.

Wall Street Analyst Weigh In

BLK has been the topic of several research reports. TD Cowen boosted their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. The Goldman Sachs Group boosted their price target on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods raised their price objective on BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. StockNews.com assumed coverage on BlackRock in a research note on Saturday, October 12th. They issued a “hold” rating for the company. Finally, UBS Group decreased their price target on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $991.46.

Insider Buying and Selling at BlackRock

In other news, CEO Laurence Fink sold 29,450 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the sale, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other BlackRock 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 transaction, the director now directly owns 5,732 shares in the company, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laurence Fink sold 29,450 shares of BlackRock stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value of $24,833,712.50. Following the completion of the sale, the chief executive officer now directly owns 353,718 shares of the company’s stock, valued at $298,272,703.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,042 shares of company stock worth $56,857,777. 0.90% of the stock is currently owned by insiders.

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.