BlackRock, Inc. (NYSE:BLK) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd trimmed its position in shares of BlackRock, Inc. (NYSE:BLK) by 50.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,154 shares of the asset manager’s stock after selling 3,192 shares during the period. UniSuper Management Pty Ltd’s holdings in BlackRock were worth $2,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Resource Council bought a new stake in shares of BlackRock during the 4th quarter worth about $215,000. Everhart Financial Group Inc. raised its position in shares of BlackRock by 3.2% during the 4th quarter. Everhart Financial Group Inc. now owns 450 shares of the asset manager’s stock worth $365,000 after buying an additional 14 shares in the last quarter. Mutual Advisors LLC raised its position in shares of BlackRock by 0.7% during the 4th quarter. Mutual Advisors LLC now owns 2,984 shares of the asset manager’s stock worth $2,422,000 after buying an additional 20 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of BlackRock by 15.4% in the 4th quarter. HB Wealth Management LLC now owns 2,856 shares of the asset manager’s stock worth $2,319,000 after purchasing an additional 381 shares in the last quarter. Finally, Cooper Financial Group raised its holdings in shares of BlackRock by 23.9% in the 4th quarter. Cooper Financial Group now owns 659 shares of the asset manager’s stock worth $535,000 after purchasing an additional 127 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Stock Up 0.2 %

BLK traded up $1.45 on Tuesday, reaching $844.69. 701,338 shares of the company traded hands, compared to its average volume of 607,095. The stock’s 50 day moving average price is $794.17 and its 200-day moving average price is $794.72. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $851.88. The company has a market cap of $125.52 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.32 and a quick ratio of 5.32.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, beating analysts’ consensus estimates of $9.96 by $0.40. BlackRock had a net margin of 32.36% and a return on equity of 15.53%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the firm posted $9.28 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that BlackRock, Inc. will post 41.22 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were given a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Friday, June 7th. BlackRock’s payout ratio is presently 51.84%.

Insider Activity at BlackRock

In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $807.29, for a total value of $25,008,229.62. Following the completion of the sale, the chief executive officer now directly owns 383,168 shares of the company’s stock, valued at $309,327,694.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $807.29, for a total value of $25,008,229.62. Following the completion of the sale, the chief executive officer now directly owns 383,168 shares of the company’s stock, valued at $309,327,694.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Wiedman sold 27,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total transaction of $22,529,340.00. Following the completion of the sale, the director now directly owns 6,480 shares of the company’s stock, valued at $5,407,041.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,978 shares of company stock valued at $54,692,570. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of BlackRock from $924.00 to $912.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. Morgan Stanley dropped their target price on shares of BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. UBS Group dropped their target price on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, Argus boosted their target price on shares of BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $872.29.

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.