Xponance Inc. Sells 911 Shares of BlackRock, Inc. (NYSE:BLK)

Xponance Inc. trimmed its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 4.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 20,286 shares of the asset manager’s stock after selling 911 shares during the quarter. Xponance Inc.’s holdings in BlackRock were worth $15,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLK. Capital World Investors boosted its holdings in shares of BlackRock by 57.3% during the 4th quarter. Capital World Investors now owns 3,514,999 shares of the asset manager’s stock worth $2,853,517,000 after buying an additional 1,279,952 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of BlackRock by 23.7% during the 4th quarter. Capital Research Global Investors now owns 3,918,878 shares of the asset manager’s stock worth $3,181,346,000 after buying an additional 749,654 shares in the last quarter. Mayflower Financial Advisors LLC boosted its holdings in shares of BlackRock by 24,171.5% during the 1st quarter. Mayflower Financial Advisors LLC now owns 416,014 shares of the asset manager’s stock worth $346,831,000 after buying an additional 414,300 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of BlackRock by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock worth $10,990,052,000 after buying an additional 292,017 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of BlackRock by 1,829.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 297,985 shares of the asset manager’s stock worth $241,904,000 after buying an additional 282,543 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Laurence Fink sold 29,450 shares of BlackRock stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total value of $24,833,712.50. Following the completion of the sale, the chief executive officer now directly owns 353,718 shares of the company’s stock, valued at approximately $298,272,703.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,042 shares of company stock valued at $79,387,117. 0.90% of the stock is owned by insiders.

BlackRock Trading Down 0.7 %

Shares of BlackRock stock opened at $928.79 on Monday. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $942.73. The firm has a market cap of $138.02 billion, a PE ratio of 23.60, a P/E/G ratio of 1.92 and a beta of 1.30. The stock has a fifty day moving average price of $868.55 and a 200-day moving average price of $817.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06.

BlackRock (NYSE:BLK) last announced its earnings results on Monday, July 15th. The asset manager reported $10.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.96 by $0.40. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the firm posted $9.28 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that BlackRock, Inc. will post 41.34 EPS for the current year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 9th will be issued a $5.10 dividend. This represents a $20.40 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, September 9th. BlackRock’s dividend payout ratio (DPR) is currently 51.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup increased their target price on BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Morgan Stanley cut their target price on BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Argus increased their target price on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods increased their target price on BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, TD Cowen cut their target price on BlackRock from $974.00 to $969.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $902.13.

BlackRock Company 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.