Janus Henderson Group PLC Acquires 8,244 Shares of BlackRock, Inc. (BLK)
Janus Henderson Group PLC boosted its holdings in BlackRock, Inc. (NYSE:BLK) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 116,495 shares of the asset manager’s stock after buying an additional 8,244 shares during the quarter. Janus Henderson Group PLC owned 0.07% of BlackRock worth $52,079,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. CENTRAL TRUST Co grew its position in BlackRock by 3.5% during the 2nd quarter. CENTRAL TRUST Co now owns 6,787 shares of the asset manager’s stock worth $2,866,000 after purchasing an additional 230 shares in the last quarter. Winslow Evans & Crocker Inc. grew its position in BlackRock by 8.1% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 670 shares of the asset manager’s stock worth $283,000 after purchasing an additional 50 shares in the last quarter. Bristlecone Advisors LLC grew its position in BlackRock by 0.6% during the 2nd quarter. Bristlecone Advisors LLC now owns 6,287 shares of the asset manager’s stock worth $2,656,000 after purchasing an additional 37 shares in the last quarter. Reliance Trust Co. of Delaware grew its position in BlackRock by 8.7% during the 2nd quarter. Reliance Trust Co. of Delaware now owns 4,118 shares of the asset manager’s stock worth $1,739,000 after purchasing an additional 328 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in BlackRock by 99.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,800 shares of the asset manager’s stock worth $3,295,000 after purchasing an additional 3,880 shares in the last quarter. Hedge funds and other institutional investors own 83.74% of the company’s stock.
Shares of BlackRock, Inc. (NYSE:BLK) opened at $511.87 on Monday. The stock has a market cap of $82,107.62, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.81. BlackRock, Inc. has a 52 week low of $365.83 and a 52 week high of $518.88. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.89 and a current ratio of 2.89.
BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.49 by $0.43. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.10 billion. BlackRock had a net margin of 29.52% and a return on equity of 12.01%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $5.14 EPS. equities research analysts expect that BlackRock, Inc. will post 22.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Monday, December 4th will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, December 1st. BlackRock’s dividend payout ratio (DPR) is currently 46.82%.
In related news, insider Mark Mccombe sold 1,000 shares of BlackRock stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $478.99, for a total value of $478,990.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Wagner sold 4,000 shares of BlackRock stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the completion of the sale, the director now directly owns 481,915 shares of the company’s stock, valued at approximately $243,897,181.50. The disclosure for this sale can be found here. Insiders have sold a total of 5,200 shares of company stock valued at $2,599,302 in the last three months. Company insiders own 1.86% of the company’s stock.
BLK has been the topic of several research analyst reports. Barclays initiated coverage on shares of BlackRock in a research report on Friday, September 8th. They set an “overweight” rating and a $475.00 price objective on the stock. Credit Suisse Group reiterated an “outperform” rating on shares of BlackRock in a research report on Tuesday, August 29th. Morgan Stanley reiterated an “overweight” rating and set a $501.00 price objective (up from $476.00) on shares of BlackRock in a research report on Thursday, October 5th. Goldman Sachs Group upgraded shares of BlackRock from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $440.00 to $500.00 in a research report on Thursday, September 28th. Finally, J P Morgan Chase & Co lifted their price objective on shares of BlackRock to $558.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $489.08.
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BlackRock Company Profile
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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