Temasek Holdings Private Ltd Sells 40,535 Shares of BlackRock, Inc. (NYSE:BLK)

Temasek Holdings Private Ltd trimmed its stake in BlackRock, Inc. (NYSE:BLK) by 0.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,092,825 shares of the asset manager’s stock after selling 40,535 shares during the quarter. BlackRock makes up 19.6% of Temasek Holdings Private Ltd’s holdings, making the stock its largest holding. Temasek Holdings Private Ltd owned about 3.44% of BlackRock worth $4,835,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC purchased a new position in shares of BlackRock during the third quarter valued at $26,000. Fairscale Capital LLC purchased a new position in shares of BlackRock during the second quarter valued at $31,000. Reston Wealth Management LLC purchased a new position in shares of BlackRock during the third quarter valued at $37,000. MFA Wealth Advisors LLC grew 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 buying an additional 20 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of BlackRock by 81.5% during the third 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. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Price Performance

NYSE BLK opened at $1,045.80 on Friday. BlackRock, Inc. has a twelve month low of $742.22 and a twelve month high of $1,068.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market capitalization of $161.97 billion, a PE ratio of 25.81, a P/E/G ratio of 1.85 and a beta of 1.28. The stock has a 50-day simple moving average of $1,002.48 and a 200 day simple moving average of $893.96.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.42 by $1.04. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the firm earned $10.91 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. Research analysts anticipate that BlackRock, Inc. will post 43.3 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors 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 1.95%. BlackRock’s dividend payout ratio is presently 50.35%.

Analyst Ratings Changes

A number of brokerages have commented on BLK. Evercore ISI boosted their target price 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. Wells Fargo & Company boosted their target price on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their target price 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, The Goldman Sachs Group boosted their target price on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,019.62.

BlackRock Company 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.