BlackRock $BLK Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its stake in BlackRock (NYSE:BLK) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,444 shares of the asset manager’s stock after acquiring an additional 192 shares during the period. Vinva Investment Management Ltd’s holdings in BlackRock were worth $5,704,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Garde Capital Inc. lifted its stake in BlackRock by 200.0% during the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after purchasing an additional 18 shares in the last quarter. Traub Capital Management LLC purchased a new position in shares of BlackRock during the second quarter worth $28,000. Whipplewood Advisors LLC grew its stake in shares of BlackRock by 107.1% in the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after buying an additional 15 shares in the last quarter. Game Plan Financial Advisors LLC raised its holdings in shares of BlackRock by 100.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after buying an additional 15 shares during the period. Finally, Creekmur Asset Management LLC lifted its stake in BlackRock by 87.5% during the 2nd quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock worth $32,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Trading Up 1.1%

BLK opened at $1,041.18 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. BlackRock has a one year low of $773.74 and a one year high of $1,219.94. The company has a market cap of $161.54 billion, a P/E ratio of 26.77, a PEG ratio of 1.90 and a beta of 1.48. The business’s 50-day simple moving average is $1,109.83 and its 200-day simple moving average is $1,080.30.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a net margin of 26.64% and a return on equity of 15.36%. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.22 billion. During the same period last year, the company earned $11.46 earnings per share. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. As a group, equities research analysts expect that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Friday, December 5th will be given a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, December 5th. BlackRock’s dividend payout ratio (DPR) is 53.59%.

Insider Buying and Selling

In related news, Director Rachel Lord sold 12,000 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the completion of the sale, the director directly owned 7,205 shares of the company’s stock, valued at $8,394,113.20. The trade was a 62.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on BLK. BMO Capital Markets lifted their target price on BlackRock from $1,280.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Loop Capital set a $1,255.00 price objective on shares of BlackRock in a report on Tuesday, October 21st. Bank of America increased their target price on shares of BlackRock from $1,394.00 to $1,456.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. UBS Group reissued a “hold” rating on shares of BlackRock in a research report on Tuesday, October 21st. Finally, Cowen reaffirmed a “buy” rating on shares of BlackRock in a research report on Wednesday, October 15th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,302.59.

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.