Tredje AP fonden Has $4.06 Million Stake in BlackRock, Inc. (BLK)

Tredje AP fonden lifted its position in BlackRock, Inc. (NYSE:BLK) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,083 shares of the asset manager’s stock after buying an additional 120 shares during the period. Tredje AP fonden’s holdings in BlackRock were worth $4,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salem Investment Counselors Inc. lifted its position in BlackRock by 14.3% during the second quarter. Salem Investment Counselors Inc. now owns 240 shares of the asset manager’s stock valued at $101,000 after purchasing an additional 30 shares during the period. Enterprise Financial Services Corp lifted its position in BlackRock by 52.5% during the second quarter. Enterprise Financial Services Corp now owns 247 shares of the asset manager’s stock valued at $104,000 after purchasing an additional 85 shares during the period. Penserra Capital Management LLC bought a new position in BlackRock during the second quarter valued at approximately $104,000. Proficio Capital Partners LLC lifted its position in BlackRock by 1.2% during the second quarter. Proficio Capital Partners LLC now owns 262 shares of the asset manager’s stock valued at $111,000 after purchasing an additional 3 shares during the period. Finally, Harfst & Associates Inc. lifted its position in BlackRock by 17.3% during the second quarter. Harfst & Associates Inc. now owns 265 shares of the asset manager’s stock valued at $111,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

BlackRock, Inc. (BLK) opened at $502.08 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89. BlackRock, Inc. has a 52-week low of $365.83 and a 52-week high of $509.00. The firm has a market cap of $80,499.49, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.81.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.01%. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the firm earned $5.14 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. sell-side analysts predict that BlackRock, Inc. will post 22.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Monday, December 4th will be given a $2.50 dividend. The ex-dividend date is Friday, December 1st. This represents a $10.00 annualized dividend and a yield of 1.99%. BlackRock’s payout ratio is presently 46.82%.

A number of research analysts recently weighed in on the stock. Jefferies Group restated a “hold” rating and set a $440.00 price objective on shares of BlackRock in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of BlackRock from a “hold” rating to a “buy” rating and set a $501.00 price objective on the stock in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $500.00 price objective on shares of BlackRock in a research report on Thursday, October 12th. Credit Suisse Group restated an “outperform” rating on shares of BlackRock in a research report on Thursday, October 12th. Finally, Barclays initiated coverage on shares of BlackRock in a research report on Friday, September 8th. They issued an “overweight” rating and a $475.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $489.08.

In other news, Director Susan Wagner sold 4,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $506.10, for a total value 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 $243,897,181.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director J. Richard Kushel sold 100 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $481.58, for a total transaction of $48,158.00. The disclosure for this sale can be found here. Insiders sold 8,875 shares of company stock worth $4,125,566 over the last quarter. Insiders own 1.86% of the company’s stock.

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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.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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