Northwest & Ethical Investments L.P. Sells 155 Shares of BlackRock, Inc. (NYSE:BLK)

Northwest & Ethical Investments L.P. reduced its position in BlackRock, Inc. (NYSE:BLK) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 749 shares of the asset manager’s stock after selling 155 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in BlackRock were worth $711,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in shares of BlackRock in the 2nd quarter valued at $31,000. Reston Wealth Management LLC bought a new stake in BlackRock in the third quarter valued at $37,000. MFA Wealth Advisors LLC raised its holdings in shares of BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 20 shares during the period. Addison Advisors LLC increased its position in BlackRock by 81.5% in the 3rd quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after buying an additional 22 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in BlackRock during the 3rd quarter worth approximately $54,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Trading Up 0.3 %

NYSE:BLK opened at $1,022.80 on Friday. The company has a market cap of $158.41 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.82 and a beta of 1.30. The stock’s fifty day moving average price is $994.93 and its two-hundred day moving average price is $888.30. BlackRock, Inc. has a 1 year low of $742.22 and a 1 year high of $1,068.34. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.91 earnings per share. As a group, analysts expect that BlackRock, Inc. will post 43.17 EPS for the current year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th will be given a dividend of $5.10 per share. The ex-dividend date is Thursday, December 5th. This represents a $20.40 annualized dividend and a dividend yield of 1.99%. BlackRock’s dividend payout ratio is currently 50.35%.

Wall Street Analyst Weigh In

BLK has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Barclays lifted 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 upped their target price on shares of BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Evercore ISI lifted their price target on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley increased their price objective on BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,019.62.

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.