BlackRock, Inc. (NYSE:BLK) Shares Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC boosted its position in BlackRock, Inc. (NYSE:BLK) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 629 shares of the asset manager’s stock after buying an additional 19 shares during the quarter. Strategy Asset Managers LLC’s holdings in BlackRock were worth $597,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Fairscale Capital LLC bought a new position in BlackRock during the second quarter worth $31,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock in the 3rd quarter valued at about $37,000. MFA Wealth Advisors LLC lifted its holdings in BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after acquiring an additional 20 shares during the last quarter. Addison Advisors LLC raised its position in shares of BlackRock by 81.5% during the 3rd quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock worth $47,000 after purchasing an additional 22 shares during the period. Finally, Olistico Wealth LLC bought a new stake in BlackRock in the second quarter valued at $53,000. Institutional investors own 80.69% of the company’s stock.

Analysts Set New Price Targets

BLK has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Evercore ISI increased their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays increased their price objective on shares of BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price target on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com assumed coverage on BlackRock in a report on Thursday. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,019.62.

Insiders Place Their Bets

In related news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the sale, the director now owns 6,480 shares in the company, valued at $5,832,000. This represents a 64.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.90% of the company’s stock.

BlackRock Trading Down 0.3 %

NYSE BLK opened at $1,024.67 on Thursday. The firm’s fifty day simple moving average is $978.33 and its 200-day simple moving average is $876.59. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. BlackRock, Inc. has a 1-year low of $718.72 and a 1-year high of $1,068.34. The company has a market capitalization of $158.70 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.91 earnings per share. As a group, sell-side analysts anticipate that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Thursday, December 5th will be paid a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a dividend yield of 1.99%. BlackRock’s payout ratio is 50.35%.

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.