Flossbach Von Storch SE Has $150.58 Million Stock Holdings in BlackRock $BLK

Flossbach Von Storch SE lowered its stake in BlackRock (NYSE:BLKFree Report) by 21.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,157 shares of the asset manager’s stock after selling 35,573 shares during the period. Flossbach Von Storch SE’s holdings in BlackRock were worth $150,580,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BLK. Pacifica Partners Inc. boosted its holdings in shares of BlackRock by 450.0% during the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 18 shares in the last quarter. TruNorth Capital Management LLC raised its position in BlackRock by 1,000.0% in the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 20 shares during the last quarter. Traub Capital Management LLC acquired a new stake in shares of BlackRock during the second quarter valued at about $28,000. Whipplewood Advisors LLC grew its holdings in shares of BlackRock by 107.1% during the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after purchasing an additional 15 shares during the last quarter. Finally, Creekmur Asset Management LLC increased its stake in shares of BlackRock by 87.5% in the second quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock valued at $32,000 after buying an additional 14 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group set a $1,280.00 target price on shares of BlackRock in a research report on Friday, January 16th. Barclays boosted their price objective on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Argus raised their target price on BlackRock from $1,165.00 to $1,330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. TD Cowen cut BlackRock from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. lifted their price objective on BlackRock from $1,244.00 to $1,267.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,314.71.

Get Our Latest Research Report on BLK

BlackRock Stock Up 1.3%

Shares of NYSE:BLK opened at $1,121.17 on Thursday. The company has a market capitalization of $173.95 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 1.39 and a beta of 1.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 3.33. The business’s 50-day moving average is $1,083.40 and its 200-day moving average is $1,107.49. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,219.94.

BlackRock (NYSE:BLKGet Free Report) last released its earnings results on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, topping the consensus estimate of $12.55 by $0.61. The business had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.80 billion. BlackRock had a return on equity of 15.14% and a net margin of 22.93%.The firm’s revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the firm posted $11.93 earnings per share. Equities research analysts predict that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be paid a $5.73 dividend. The ex-dividend date is Friday, March 6th. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. This is an increase from BlackRock’s previous quarterly dividend of $5.21. BlackRock’s dividend payout ratio (DPR) is presently 58.84%.

Insiders Place Their Bets

In related news, Director J. Richard Kushel sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $1,125.00, for a total transaction of $22,500,000.00. Following the transaction, the director owned 61,894 shares in the company, valued at $69,630,750. The trade was a 24.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin Small sold 27,047 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $1,171.14, for a total transaction of $31,675,823.58. Following the completion of the sale, the chief financial officer owned 10,557 shares of the company’s stock, valued at $12,363,724.98. The trade was a 71.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,305 shares of company stock worth $55,488,396 in the last quarter. 1.98% of the stock is owned by corporate insiders.

About BlackRock

(Free Report)

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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