Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in BlackRock, Inc. (NYSE:BLK) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,257 shares of the asset manager’s stock after selling 155 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in BlackRock were worth $13,081,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in BLK. Segall Bryant & Hamill LLC boosted its holdings in BlackRock by 5.4% in the first quarter. Segall Bryant & Hamill LLC now owns 777 shares of the asset manager’s stock worth $298,000 after acquiring an additional 40 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in BlackRock by 875.8% in the first quarter. Teacher Retirement System of Texas now owns 12,461 shares of the asset manager’s stock worth $4,779,000 after acquiring an additional 11,184 shares in the last quarter. Financial Counselors Inc. boosted its holdings in BlackRock by 5.0% in the first quarter. Financial Counselors Inc. now owns 19,016 shares of the asset manager’s stock worth $7,293,000 after acquiring an additional 900 shares in the last quarter. GFI Investment Counsel Ltd. boosted its holdings in BlackRock by 2.9% in the first quarter. GFI Investment Counsel Ltd. now owns 41,846 shares of the asset manager’s stock worth $16,049,000 after acquiring an additional 1,199 shares in the last quarter. Finally, L & S Advisors Inc bought a new stake in BlackRock in the first quarter worth $802,000. 82.42% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director J. Richard Kushel sold 100 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $481.58, for a total transaction of $48,158.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert W. Fairbairn sold 3,675 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $415.31, for a total value of $1,526,264.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,775 shares of company stock valued at $2,053,412. 1.86% of the stock is owned by company insiders.
BlackRock, Inc. (BLK) traded down $0.72 during trading on Tuesday, reaching $465.11. The company had a trading volume of 499,000 shares, compared to its average volume of 531,906. The stock has a market capitalization of $74,880.00, a PE ratio of 21.62, a PEG ratio of 1.61 and a beta of 1.79. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.89 and a current ratio of 2.89. BlackRock, Inc. has a 12 month low of $365.83 and a 12 month high of $489.79.
BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, October 11th. The asset manager reported $5.92 EPS for the quarter, beating analysts’ consensus estimates of $5.49 by $0.43. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. BlackRock’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.14 earnings per share. equities research analysts anticipate that BlackRock, Inc. will post 22.29 EPS for the current fiscal year.
Several research firms have commented on BLK. J P Morgan Chase & Co boosted their target price on BlackRock to $558.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Credit Suisse Group reaffirmed an “outperform” rating on shares of BlackRock in a report on Tuesday, August 29th. BidaskClub downgraded BlackRock from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $476.00 price target (up from $460.00) on shares of BlackRock in a report on Tuesday, July 18th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $455.00 price target (down from $465.00) on shares of BlackRock in a report on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. BlackRock currently has a consensus rating of “Buy” and a consensus target price of $489.08.
BlackRock Company Profile
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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