Country Trust Bank Has $49.26 Million Holdings in BlackRock, Inc. (BLK)

Country Trust Bank lowered its holdings in BlackRock, Inc. (NYSE:BLK) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,888 shares of the asset manager’s stock after selling 1,302 shares during the quarter. BlackRock comprises about 2.1% of Country Trust Bank’s investment portfolio, making the stock its 9th largest position. Country Trust Bank’s holdings in BlackRock were worth $49,259,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Aperio Group LLC raised its position in shares of BlackRock by 8.6% during the third quarter. Aperio Group LLC now owns 68,737 shares of the asset manager’s stock worth $30,732,000 after acquiring an additional 5,451 shares during the last quarter. Honkamp Krueger Financial Services Inc. bought a new stake in shares of BlackRock during the third quarter worth $222,000. WFG Advisors LP raised its position in shares of BlackRock by 66.6% during the second quarter. WFG Advisors LP now owns 1,096 shares of the asset manager’s stock worth $463,000 after acquiring an additional 438 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of BlackRock by 9.7% during the third quarter. New York State Common Retirement Fund now owns 357,800 shares of the asset manager’s stock worth $159,969,000 after acquiring an additional 31,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of BlackRock by 4.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 418,198 shares of the asset manager’s stock worth $186,973,000 after acquiring an additional 17,491 shares during the last quarter. 83.54% of the stock is currently owned by institutional investors.

In other BlackRock news, insider Jeff A. Smith sold 100 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $477.54, for a total value of $47,754.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Wagner sold 4,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was 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 owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The disclosure for this sale can be found here. Corporate insiders own 1.86% of the company’s stock.

A number of research firms have recently weighed in on BLK. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 target price for the company in a research report on Thursday. JPMorgan Chase & Co. boosted their target price 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 report on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $500.00 price objective on shares of BlackRock in a report on Thursday, October 12th. Finally, Jefferies Group reiterated a “hold” rating and issued a $465.00 price objective on shares of BlackRock in a report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $498.50.

BlackRock, Inc. (NYSE:BLK) traded up $0.25 during midday trading on Thursday, reaching $531.82. The company had a trading volume of 283,907 shares, compared to its average volume of 491,614. The company has a market capitalization of $85,190.00, a P/E ratio of 24.90, a PEG ratio of 1.57 and a beta of 1.81. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.09. BlackRock, Inc. has a fifty-two week low of $365.83 and a fifty-two week high of $540.00.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, October 11th. The asset manager reported $5.92 EPS for the quarter, beating analysts’ consensus estimates of $5.49 by $0.43. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.10 billion. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.14 earnings per share. equities research analysts predict that BlackRock, Inc. will post 22.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Monday, December 4th were issued a $2.50 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $10.00 dividend on an annualized basis and a yield of 1.88%. BlackRock’s dividend payout ratio is presently 46.82%.

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About BlackRock

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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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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