BlackRock, Inc. (NYSE:BLK) Shares Bought by World Investment Advisors LLC

World Investment Advisors LLC grew its position in BlackRock, Inc. (NYSE:BLK) by 48.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,405 shares of the asset manager’s stock after buying an additional 782 shares during the quarter. World Investment Advisors LLC’s holdings in BlackRock were worth $2,283,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BLK. Sanctuary Advisors LLC raised its position in shares of BlackRock by 11.1% in the third quarter. Sanctuary Advisors LLC now owns 36,353 shares of the asset manager’s stock valued at $37,679,000 after buying an additional 3,639 shares during the last quarter. Anchor Investment Management LLC raised its holdings in BlackRock by 31.8% in the 3rd quarter. Anchor Investment Management LLC now owns 791 shares of the asset manager’s stock valued at $751,000 after acquiring an additional 191 shares during the last quarter. Tudor Financial Inc. purchased a new position in BlackRock in the 3rd quarter worth approximately $399,000. Wealthquest Corp acquired a new position in shares of BlackRock during the 3rd quarter worth approximately $225,000. Finally, Invst LLC grew its position in shares of BlackRock by 2.2% in the third quarter. Invst LLC now owns 2,435 shares of the asset manager’s stock valued at $2,312,000 after purchasing an additional 52 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BlackRock

In related news, COO Robert L. Goldstein sold 54,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the transaction, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at $43,845,393.48. The trade was a 56.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total value of $37,851,121.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at $6,777,432. This represents a 84.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,190 shares of company stock worth $113,161,681. Corporate insiders own 0.90% of the company’s stock.

BlackRock Stock Down 0.2 %

Shares of NYSE BLK opened at $1,056.54 on Friday. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,082.45. The business’s 50 day moving average is $1,015.33 and its two-hundred day moving average is $905.81. The firm has a market cap of $163.64 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.92 and a beta of 1.28. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the previous year, the business earned $10.91 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Research analysts predict that BlackRock, Inc. will post 43.18 EPS for the current year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th will be paid a $5.10 dividend. This represents a $20.40 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, December 5th. BlackRock’s payout ratio is 50.35%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen boosted their price objective on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley lifted their target price on shares of BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Company increased their price target on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI lifted their price target 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and an average target price of $1,039.17.

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.