Altium Wealth Management LLC Sells 1064 Shares of BlackRock, Inc. (NYSE:BLK)

Altium Wealth Management LLC reduced its position in shares of BlackRock, Inc. (NYSE:BLK) by 26.5% in the 2nd quarter, according to its most …

BlackRock logoAltium Wealth Management LLC reduced its position in shares of BlackRock, Inc. (NYSE:BLK) by 26.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,958 shares of the asset manager’s stock after selling 1,064 shares during the period. Altium Wealth Management LLC’s holdings in BlackRock were worth $1,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Alpha LLC acquired a new stake in BlackRock during the first quarter worth approximately $26,000. Valley National Advisers Inc. grew its position in BlackRock by 81.8% during the first quarter. Valley National Advisers Inc. now owns 60 shares of the asset manager’s stock worth $26,000 after buying an additional 27 shares in the last quarter. SevenBridge Financial Group LLC acquired a new stake in shares of BlackRock in the 2nd quarter valued at $38,000. Harvest Group Wealth Management LLC acquired a new stake in shares of BlackRock in the 1st quarter valued at $37,000. Finally, Rational Advisors LLC boosted its holdings in shares of BlackRock by 260.0% in the 1st quarter. Rational Advisors LLC now owns 90 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

Shares of BlackRock stock opened at $431.32 on Tuesday. The company has a market cap of $69.26 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.66 and a beta of 1.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.49 and a quick ratio of 3.49. BlackRock, Inc. has a one year low of $360.79 and a one year high of $494.91. The company has a 50-day moving average price of $469.16.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, July 19th. The asset manager reported $6.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.52 by ($0.11). BlackRock had a net margin of 30.25% and a return on equity of 13.23%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the firm posted $6.66 EPS. BlackRock’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, sell-side analysts predict that BlackRock, Inc. will post 27.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, September 5th will be paid a $3.30 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.06%. BlackRock’s payout ratio is presently 49.02%.

A number of equities research analysts have weighed in on BLK shares. JPMorgan Chase & Co. reduced their target price on BlackRock from $527.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Citigroup raised their price objective on BlackRock from $450.00 to $500.00 and gave the company a “buy” rating in a report on Monday, April 15th. Wells Fargo & Co raised their price objective on BlackRock from $460.00 to $480.00 and gave the company an “average” rating in a report on Wednesday, April 17th. Morgan Stanley raised their target price on BlackRock from $550.00 to $553.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, UBS Group raised their target price on BlackRock from $515.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $499.03.

BlackRock 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.

Featured Article: Understanding debt-to-equity ratio in fundamental analysis

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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BlackRock, Inc. ($NYSE:BLK)’s YoY Cash Flow Ticks -0.24717

Investors looking to take advantage of cash heavy shares, they might look first to the cash flow of a company, and how fast that is growing. BlackRock …

Investors looking to take advantage of cash heavy shares, they might look first to the cash flow of a company, and how fast that is growing. BlackRock, Inc. (NYSE:BLK) currently has one year cash flow growth of -0.24717 1yr Growth Cash Flow = 1 year percentage growth of a company’s Cash Flow from operations (Cash Flow Statement). Analyzing cash flow can alert shareholders to potential dangers that may result from a lack of liquidity. Looking at the positive or negative movement of a company’s reported free cash flow will help determine if it has the necessary funds to finance capital expenditures and keep paying dividends.

Investors may be trying to get a read on the next big stock market move. Projecting which stocks are ready to make a run can be tricky. Many investors will track the market from various angles in order to make the best educated decisions. Keeping tabs on all the important economic indicators can help when analyzing the overall health of the stock market. Some financial strategists may be projecting a sharp downturn over the next few months while others believe that there is no tangible reason for the market to lose the near-term momentum.

BlackRock, Inc. (NYSE:BLK) of the Other sector closed the recent session at 448.220000 with a market value of $70987823.



Taking look at some key returns data we can note the following:

BlackRock, Inc. (NYSE:BLK) has Return on Invested Capital of 0.049047, with a 5-year average of 0.025987 and an ROIC quality score of 9.747144. Why is ROIC important to potential investors? It’s one of the most fundamental metrics in determining the value of a firm’s shares. It helps potential investors determine if the company is using it’s invested capital to return profits.

Drilling down into some additional key near-term indicators we note that the Capex to PPE ratio stands at 0.177382 for BlackRock, Inc. (NYSE:BLK). The Capex to PPE ratio shows you how capital intensive a company is. Stocks with an increasing (year over year) ratio may be moving to be more capital intensive and often underperform the market. Higher Capex also often means lower Free Cash Flow (Operating cash flow – Capex) generation and lower dividends as companies don’t have the cash to pay dividends if they are investing more in the business.

In addition to Capex to PPE we can look at Cash Flow to Capex. This ration compares a stock’s operating cash flow to its capital expenditure and can identify if a firm can generate enough cash to meet investment needs. Investors are looking for a ratio greater than one, which indicates that the firm can meet that need. Comparing to other firms in the same industry is relevant for this ratio. BlackRock, Inc. (NYSE:BLK)’s Cash Flow to Capex stands at 13.061135.

As the next company earnings season comes into focus, investors may be closely following the numbers as they are released. Some investors will choose to stay away from any big trades during earnings season. Others will opt to try to capitalize on stock price fluctuations that may occur before and after the earnings report. Wall Street analysts may be getting ready to make estimate revisions over the next couple of weeks. Investors have the ability to follow analyst estimates and recommendations when undertaking stock analysis. Investors may choose to review analyst projections and then make their own decisions on what they think the company will report for the quarter.

Near-Term Growth Drilldown

Now we’ll take a look at some key growth data as decimals. One year cash flow growth ratio is calculated on a trailing 12 months basis and is a one year percentage growth of a firm’s cash flow from operations. This number stands at -0.24717 for BlackRock, Inc. (NYSE:BLK). The one year Growth EBIT ratio stands at -0.01163 and is a calculation of one year growth in earnings before interest and taxes. The one year EBITDA growth number stands at -0.00663 which is calculated similarly to EBIT Growth with just the addition of amortization.

Taking even a further look we note that the 1 year Free Cash Flow (FCF) Growth is at -0.22260. The one year growth in Net Profit after Tax is -0.17619 and lastly sales growth was -0.00923.

In looking at some Debt ratios, BlackRock, Inc. (NYSE:BLK) has a debt to equity ratio of 0.18666 and a Free Cash Flow to Debt ratio of 0.472621. This ratio provides insight as to how high the firm’s total debt is compared to its free cash flow generated. In terms of Net Debt to EBIT, that ratio stands at -0.15662. This ratio reveals how easily a company is able to pay interest and capital on its net outstanding debt. The lower the ratio the better as that indicates that the company is able to meet its interest and capital payments. Lastly we’ll take note of the Net Debt to Market Value ratio. BlackRock, Inc.’s ND to MV current stands at -0.012002. This ratio is calculated as follows: Net debt (Total debt minus Cash ) / Market value of the company.

Often times, investors are faced with challenging portfolio decisions. Maybe there are a few stocks that have outperformed expectations by a large margin. Investors may be hesitant to exit a position with the fear that the stock may have much more room to run. Investors may have to decide if the time is right to cash in and take some profits, or hold out for further gains. On the other end, investors may have a few duds in the portfolio. Cutting ties with certain underperformers can be a tough decision. It may be hard for an investor to sell a position that they thought for sure was going to pan out and provide gains. Being able to detach from a certain position may help ease the possibility of even more frustration later down the line if the stock doesn’t bounce back.

50/200 Simple Moving Average Cross

BlackRock, Inc. (NYSE:BLK) has a 1.08702 50/200 day moving average cross value. Cross SMA 50/200 (SMA = Simple Moving Average) and is calculated as follows:

Cross SMA 50/200 = 50 day moving average / 200day moving average. If the Cross SMA 50/200 value is greater than 1, it tell us that the 50 day moving average is above the 200 day moving average (golden cross), indicating an upward moving share price.

On the other hand if the Cross SMA 50/200 value is less than 1, this shows that the 50 day moving average is below the 200 day moving average (a death cross), and tells us that share prices has fallen recently and may continue to do so.

Traders might be paying extra attention to the technicals as they look to spot buying opportunities in the stock market. Because there are so many different strategies that traders can use, it may be difficult to pinpoint the correct avenue. New traders might choose to focus on one or two main indicators when just starting out. With time and experience, many traders will use a combination of various indicators when setting up their persona charts. It may be wise for traders to remember that what has worked for someone else in the past may not work for them in the future.

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BlackRock, Inc. (NYSE:BLK) Short Interest Update

BlackRock, Inc. (NYSE:BLK) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 1,609,700 …

BlackRock logoBlackRock, Inc. (NYSE:BLK) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 1,609,700 shares, a drop of 7.5% from the May 30th total of 1,741,000 shares. Based on an average daily trading volume, of 504,700 shares, the short-interest ratio is presently 3.2 days. Currently, 1.1% of the company’s stock are sold short.

Shares of BlackRock stock opened at $431.32 on Tuesday. BlackRock has a 1 year low of $360.79 and a 1 year high of $494.91. The company has a market capitalization of $69.26 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.66 and a beta of 1.52. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $469.16.

BlackRock (NYSE:BLK) last announced its earnings results on Friday, July 19th. The asset manager reported $6.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.52 by ($0.11). The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.57 billion. BlackRock had a net margin of 30.25% and a return on equity of 13.23%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.66 earnings per share. Analysts anticipate that BlackRock will post 27.62 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, September 5th will be issued a $3.30 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.06%. BlackRock’s payout ratio is 49.02%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Valley National Advisers Inc. increased its stake in shares of BlackRock by 81.8% in the first quarter. Valley National Advisers Inc. now owns 60 shares of the asset manager’s stock worth $26,000 after buying an additional 27 shares during the period. Ellis Investment Partners LLC purchased a new position in shares of BlackRock in the first quarter worth $26,000. Advisory Alpha LLC purchased a new position in shares of BlackRock in the first quarter worth $26,000. Massey Quick Simon & CO. LLC purchased a new position in shares of BlackRock in the second quarter worth $31,000. Finally, Harvest Group Wealth Management LLC purchased a new position in shares of BlackRock in the first quarter worth $37,000. Hedge funds and other institutional investors own 81.68% of the company’s stock.

A number of research analysts have weighed in on the stock. Barclays raised their price objective on shares of BlackRock from $515.00 to $540.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. lowered their target price on shares of BlackRock from $527.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Wells Fargo & Co raised their price objective on shares of BlackRock from $460.00 to $480.00 and gave the stock an “average” rating in a report on Wednesday, April 17th. UBS Group raised their price objective on shares of BlackRock from $515.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Finally, Morgan Stanley raised their price objective on shares of BlackRock from $550.00 to $553.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $499.03.

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.

Read More: Quiet Period

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BlackRock leads $53 mn debt financing round in coworking firm GoWork

BlackRock Inc, the world’s biggest asset management firm, has led a $53 million (Rs 375 crore) debt funding round in Gurugram-based GoWork.

BlackRock Inc, the world’s biggest asset management firm, has led a $53 million (Rs 375 crore) debt funding round in Gurugram-based GoWork.

GoWork said in a statement it raised the money from a fund managed by BlackRock’s Private Credit team, along with CLSA Capital Partners’ Special Situations Group.

The investment in the GoWork, which is operated by Nimitaya Promoters Pvt. Ltd, is the first onshore private financing transaction in India by the New York-headquartered BlackRock.

GoWork said it will use the funding to grow its business and provide value-added services to its clients.

Company chief executive officer and chief evangelist Sudeep Singh said BlackRock and CLSA’s support would help GoWork to scale its growth across India. The funding would also help the startup to address the need of creating a support system catering to the infrastructural and business needs.

Separately, BlackRock’s head of Asian credit Neeraj Seth said the investment management firm was confident of its investment considering GoWork’s approach to the coworking model.

“We believe GoWork is an innovative leader in this fast-growing sector,” CLSA Capital Partners special situations group managing director Vaibhav Totla said.

GoWork currently has a capacity of 12,000 seats across eight lakh square feet in two offices in Gurugram. The company provides its clients with full managed office facilities, including other services such as gym, meditation zones and spas. The company says it will also add pet care facilities and children’s crèches to its amenities.

The development comes days after BlackRock raised $2 billion for its flagship opportunistic credit fund to invest in corporate credit assets across the world. The fund will invest in corporate credit assets across geographies and industries while seeking value across the credit cycle. BlackRock’s assets under management stands at $6.84 trillion as of June 2019.

Deals in the coworking segment

Co-working as a segment has taken off in recent years, with startups and established firms seeking to differentiate themselves by providing access to features which are economically flexible, and are not found in traditional working spaces.

Earlier this month, the Delhi-based GoHive raised Rs 2.5 crore. The startup said it will use the funds to double the number of seats at its centres to 5,000 within a year in the National Capital Region, Bengaluru and Mumbai.

Last month, the SoftBank-backed OYO Hotels & Homes acquired co-working space provider Innov8 to expand in the fast-growing segment. The move is part of the hospitality unicorn strategy of entering new areas to diversify its operations.

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Noah Holdings Limited (NOAH) and BlackRock Inc. (NYSE:BLK) Contrasting side by side

In table 1 we can see Noah Holdings Limited and BlackRock Inc.’s top-line revenue, earnings per share (EPS) and valuation. BlackRock Inc. appears …

Both Noah Holdings Limited (NYSE:NOAH) and BlackRock Inc. (NYSE:BLK) are Asset Management companies, competing one another. We will contrast their profitability, analyst recommendations, institutional ownership, risk, dividends, earnings and valuation.

Earnings and Valuation

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Noah Holdings Limited 45 0.00 N/A 1.95 16.59
BlackRock Inc. 446 4.87 N/A 26.30 17.78

In table 1 we can see Noah Holdings Limited and BlackRock Inc.’s top-line revenue, earnings per share (EPS) and valuation. BlackRock Inc. appears to has higher revenue and earnings than Noah Holdings Limited. The company that is more affordable between the two has a lower P/E ratio. Noah Holdings Limited’s currently lower P/E ratio makes it the more affordable of the two businesses.

Profitability

Table 2 provides the return on equity, return on assets and net margins of the two firms.

Net Margins Return on Equity Return on Assets
Noah Holdings Limited 0.00% 14.2% 10.8%
BlackRock Inc. 0.00% 13.4% 2.5%

Volatility & Risk

Noah Holdings Limited has a beta of 1.84 and its 84.00% more volatile than S&P 500. BlackRock Inc. has a 1.52 beta and it is 52.00% more volatile than S&P 500.

Analyst Recommendations

In next table is delivered Noah Holdings Limited and BlackRock Inc.’s ratings and recommendations.

Sell Ratings Hold Ratings Buy Ratings Rating Score
Noah Holdings Limited 0 0 1 3.00
BlackRock Inc. 0 1 4 2.80

Noah Holdings Limited’s upside potential currently stands at 73.97% and an $52 average target price. Competitively the average target price of BlackRock Inc. is $506, which is potential 17.31% upside. Based on the data delivered earlier, Noah Holdings Limited is looking more favorable than BlackRock Inc., analysts opinion.

Institutional and Insider Ownership

Noah Holdings Limited and BlackRock Inc. has shares owned by institutional investors as follows: 79.4% and 84.9%. Insiders owned 84.6% of Noah Holdings Limited shares. Competitively, BlackRock Inc. has 1.5% of it’s share owned by insiders.

Performance

In this table we provide the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
Noah Holdings Limited -3.92% -27.75% -40.07% -27.49% -37.23% -25.35%
BlackRock Inc. -1.98% -1.11% -2.39% 14.53% -6.5% 19.06%

For the past year Noah Holdings Limited has -25.35% weaker performance while BlackRock Inc. has 19.06% stronger performance.

Summary

BlackRock Inc. beats on 8 of the 12 factors Noah Holdings Limited.

Noah Holdings Limited, through its subsidiaries, operates as a wealth management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People’s Republic of China. Its wealth management products and services include fixed income products, such as corporate credit products, real estate credit funds, factoring products, and mezzanine financing products linked to corporate merger and acquisitions and buyouts, and others; private equity products, such as investments in various private equity funds sponsored by domestic and international asset/fund management firms, as well as real estate equity funds and private equity funds of funds; secondary market equity fund products; and insurance products, mutual funds, and other products. The company was founded in 2005 and is headquartered in Shanghai, the PeopleÂ’s Republic of China.

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. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston, Massachusetts; London, United Kingdom; Brazil; Philadelphia, Pennsylvania; Plainsboro, New Jersey; and San Francisco, California.

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