KBC Group NV Has $28.44 Million Position in BlackRock, Inc. (BLK)
KBC Group NV boosted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 23.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,611 shares of the asset manager’s stock after purchasing an additional 12,115 shares during the quarter. KBC Group NV’s holdings in BlackRock were worth $28,440,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in BlackRock by 8.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,450,778 shares of the asset manager’s stock worth $3,569,693,000 after acquiring an additional 656,569 shares during the period. Capital World Investors boosted its position in BlackRock by 12.9% during the 2nd quarter. Capital World Investors now owns 7,105,319 shares of the asset manager’s stock worth $3,001,358,000 after acquiring an additional 810,667 shares during the period. BlackRock Inc. boosted its position in BlackRock by 3.2% during the 2nd quarter. BlackRock Inc. now owns 6,750,714 shares of the asset manager’s stock worth $2,851,570,000 after acquiring an additional 209,209 shares during the period. Clearbridge Investments LLC boosted its position in BlackRock by 8.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,557,212 shares of the asset manager’s stock worth $597,206,000 after acquiring an additional 118,222 shares during the period. Finally, Third Point LLC acquired a new position in BlackRock during the 2nd quarter worth $654,736,000. Institutional investors and hedge funds own 83.76% of the company’s stock.
Shares of BlackRock, Inc. (NYSE:BLK) traded up $0.37 during trading on Friday, hitting $501.19. The stock had a trading volume of 1,071,200 shares, compared to its average volume of 527,500. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.89 and a current ratio of 2.89. The firm has a market capitalization of $80,310.00, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.70 and a beta of 1.79. BlackRock, Inc. has a twelve month low of $365.83 and a twelve month high of $509.00.
BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, October 11th. The asset manager reported $5.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.49 by $0.43. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.10 billion. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.14 earnings per share. equities research analysts expect that BlackRock, Inc. will post 22.29 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Monday, December 4th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $10.00 annualized dividend and a dividend yield of 2.00%. BlackRock’s dividend payout ratio (DPR) is 46.82%.
A number of research analysts have issued reports on the company. J P Morgan Chase & Co boosted their price target on BlackRock to $558.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Credit Suisse Group reiterated an “outperform” rating on shares of BlackRock in a research report on Thursday, October 12th. Jefferies Group reiterated a “hold” rating and set a $465.00 price target on shares of BlackRock in a research report on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $500.00 price target on shares of BlackRock in a research report on Thursday, October 12th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $475.00 price target (up previously from $450.00) on shares of BlackRock in a research report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $489.08.
In other news, insider Mark Mccombe sold 1,000 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $478.99, for a total value of $478,990.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J. Richard Kushel sold 100 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $481.58, for a total value of $48,158.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,875 shares of company stock valued at $4,125,566. Insiders own 1.86% of the company’s stock.
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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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