BlackRock $BLK Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. grew its stake in BlackRock (NYSE:BLK) by 39.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,861 shares of the asset manager’s stock after buying an additional 12,070 shares during the period. Osaic Holdings Inc.’s holdings in BlackRock were worth $44,122,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BLK. Brighton Jones LLC increased its holdings in shares of BlackRock by 23.1% in the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock valued at $1,615,000 after purchasing an additional 296 shares during the period. Bison Wealth LLC boosted its position in BlackRock by 1.6% in the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after buying an additional 17 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in BlackRock by 1.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 18,186 shares of the asset manager’s stock worth $17,212,000 after buying an additional 177 shares during the period. Northwest & Ethical Investments L.P. increased its holdings in BlackRock by 42.1% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 1,067 shares of the asset manager’s stock worth $1,010,000 after buying an additional 316 shares during the period. Finally, Cascade Financial Partners LLC raised its position in BlackRock by 4.9% during the 1st quarter. Cascade Financial Partners LLC now owns 388 shares of the asset manager’s stock worth $367,000 after buying an additional 18 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Stock Performance

NYSE BLK opened at $1,083.30 on Tuesday. The stock has a market capitalization of $168.07 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.70 and a beta of 1.47. The stock has a 50-day moving average of $1,090.18 and a 200 day moving average of $1,089.89. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.34. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a net margin of 26.64% and a return on equity of 14.80%. The business had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.22 billion. During the same quarter last year, the firm earned $11.46 earnings per share. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. Sell-side analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Friday, December 5th will be issued a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, December 5th. BlackRock’s dividend payout ratio (DPR) is presently 53.59%.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of BlackRock from $1,312.00 to $1,305.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. BMO Capital Markets increased their price target on BlackRock from $1,280.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. BNP Paribas Exane lifted their price objective on BlackRock from $1,160.00 to $1,265.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Loop Capital set a $1,255.00 target price on BlackRock in a research note on Tuesday, October 21st. Finally, Evercore ISI lifted their price target on BlackRock from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,313.65.

Insider Activity

In related news, Director Rachel Lord sold 12,000 shares of BlackRock stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the sale, the director directly owned 7,205 shares in the company, valued at approximately $8,394,113.20. The trade was a 62.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin Small sold 1,258 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $1,043.38, for a total value of $1,312,572.04. Following the sale, the chief financial officer owned 6,209 shares of the company’s stock, valued at approximately $6,478,346.42. This trade represents a 16.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.98% of the stock is owned by company 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.