Integral Investment Advisors Inc. Invests $667,000 in BlackRock, Inc. (NYSE:BLK)

Integral Investment Advisors Inc. acquired a new position in BlackRock, Inc. (NYSE:BLK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 651 shares of the asset manager’s stock, valued at approximately $667,000.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Funds Management LTD bought a new position in shares of BlackRock in the fourth quarter valued at approximately $5,082,000. First Horizon Advisors Inc. grew its position in BlackRock by 0.7% during the fourth quarter. First Horizon Advisors Inc. now owns 2,679 shares of the asset manager’s stock valued at $2,747,000 after buying an additional 19 shares during the period. Callan Capital LLC grew its position in BlackRock by 5.8% during the fourth quarter. Callan Capital LLC now owns 423 shares of the asset manager’s stock valued at $433,000 after buying an additional 23 shares during the period. Redmond Asset Management LLC grew its position in shares of BlackRock by 3.7% during the 4th quarter. Redmond Asset Management LLC now owns 1,604 shares of the asset manager’s stock valued at $1,645,000 after acquiring an additional 57 shares during the period. Finally, Camelot Portfolios LLC bought a new position in BlackRock during the fourth quarter valued at $215,000. 80.69% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Robert L. Goldstein sold 54,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the transaction, the chief operating officer now owns 41,916 shares in the company, valued at $43,845,393.48. This represents a 56.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the completion of the transaction, the director now owns 6,480 shares of the company’s stock, valued at $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,190 shares of company stock valued at $115,163,141. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup increased their target price on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Evercore ISI raised their price target on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods reduced their price objective on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Barclays reduced their price target on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Wells Fargo & Company lifted their price objective on BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,120.67.

BlackRock Trading Down 1.5 %

Shares of BLK opened at $974.97 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The firm has a market cap of $151.00 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.90 and a beta of 1.28. The firm has a 50 day moving average price of $1,011.61 and a 200-day moving average price of $978.00. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating the consensus estimate of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the company posted $9.66 earnings per share. The business’s revenue was up 22.6% on a year-over-year basis. As a group, equities research analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be issued a dividend of $5.21 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, March 7th. BlackRock’s dividend payout ratio is currently 48.57%.

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.