BlackRock $BLK Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC grew its position in BlackRock (NYSE:BLK) by 2.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,590 shares of the asset manager’s stock after acquiring an additional 822 shares during the quarter. Voya Investment Management LLC’s holdings in BlackRock were worth $38,417,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. eCIO Inc. acquired a new stake in shares of BlackRock in the first quarter valued at approximately $234,000. Modern Wealth Management LLC lifted its holdings in shares of BlackRock by 14.4% during the first quarter. Modern Wealth Management LLC now owns 794 shares of the asset manager’s stock worth $752,000 after purchasing an additional 100 shares during the period. Nova Wealth Management Inc. acquired a new stake in shares of BlackRock during the first quarter worth $37,000. Jones Financial Companies Lllp lifted its holdings in shares of BlackRock by 88.0% during the first quarter. Jones Financial Companies Lllp now owns 80,441 shares of the asset manager’s stock worth $76,149,000 after purchasing an additional 37,662 shares during the period. Finally, Vista Cima Wealth Management LLC acquired a new stake in shares of BlackRock during the first quarter worth $240,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Trading Down 0.9%

BlackRock stock opened at $1,124.34 on Friday. The stock has a market cap of $174.10 billion, a PE ratio of 27.18, a P/E/G ratio of 2.17 and a beta of 1.45. The stock has a 50-day moving average price of $1,115.88 and a 200 day moving average price of $1,007.38. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,171.89. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 EPS for the quarter, topping analysts’ consensus estimates of $10.41 by $1.64. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.40 billion. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $10.36 EPS. Equities research analysts predict that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be given a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, September 5th. BlackRock’s dividend payout ratio (DPR) is currently 50.39%.

Wall Street Analyst Weigh In

BLK has been the subject of several recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,115.00 price target on shares of BlackRock in a report on Tuesday, July 8th. Morgan Stanley reduced their target price on BlackRock from $1,247.00 to $1,224.00 and set an “overweight” rating for the company in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised their target price on BlackRock from $1,018.00 to $1,093.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Zacks Research downgraded BlackRock from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Evercore ISI raised their target price on BlackRock from $1,170.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,154.07.

Insider Buying and Selling

In other BlackRock news, Director J. Richard Kushel sold 17,142 shares of BlackRock stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the completion of the sale, the director owned 61,369 shares in the company, valued at $68,763,964.50. The trade was a 21.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rachel Lord sold 18,036 shares of BlackRock stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the completion of the sale, the director owned 19,205 shares of the company’s stock, valued at $21,617,148. This trade represents a 48.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,494 shares of company stock worth $74,694,573. 1.98% of the stock is owned by company insiders.

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.