BlackRock, Inc. (NYSE:BLK) Shares Sold by Osher Van de Voorde Investment Management

Osher Van de Voorde Investment Management lowered its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.0% in the third quarter, HoldingsChannel.com reports. The firm owned 25,111 shares of the asset manager’s stock after selling 243 shares during the period. BlackRock accounts for approximately 5.2% of Osher Van de Voorde Investment Management’s portfolio, making the stock its largest holding. Osher Van de Voorde Investment Management’s holdings in BlackRock were worth $23,843,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its stake in shares of BlackRock by 11.1% during the first quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock worth $3,630,127,000 after buying an additional 435,358 shares during the period. Mayflower Financial Advisors LLC lifted its position 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 purchasing an additional 414,300 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of BlackRock by 2.3% during the first quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock worth $10,990,052,000 after purchasing an additional 292,017 shares in the last quarter. M&G Plc purchased a new position in BlackRock in the first quarter valued at $161,918,000. Finally, Mubadala Investment Co PJSC acquired a new position in shares of BlackRock during the 4th quarter worth about $147,748,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In other BlackRock news, 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 owns 353,718 shares in the company, valued at $298,272,703.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other BlackRock news, Director Mark Wiedman sold 27,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total transaction of $22,529,340.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at $5,407,041.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laurence Fink sold 29,450 shares of the business’s 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 sale, the chief executive officer now owns 353,718 shares of the company’s stock, valued at $298,272,703.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,042 shares of company stock worth $79,387,117 over the last quarter. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on BlackRock from $774.00 to $864.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 1st. UBS Group lowered their target price on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Morgan Stanley upped their target price on BlackRock from $1,036.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com started coverage on BlackRock in a research note on Friday, October 4th. They set a “hold” rating for the company. Finally, Evercore ISI upped their price target on shares of BlackRock from $945.00 to $995.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $943.93.

BlackRock Trading Up 0.9 %

Shares of BlackRock stock opened at $949.07 on Wednesday. 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, Inc. has a 1 year low of $596.18 and a 1 year high of $960.74. The business has a 50 day moving average price of $893.10 and a 200 day moving average price of $828.30. The company has a market capitalization of $141.03 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.05 and a beta of 1.30.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, topping analysts’ consensus estimates of $9.96 by $0.40. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.85 billion. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $9.28 EPS. Sell-side analysts anticipate that BlackRock, Inc. will post 41.37 EPS for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Monday, September 9th. BlackRock’s dividend payout ratio is presently 51.84%.

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.