BlackRock, Inc. (BLK) Position Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in BlackRock, Inc. (NYSE:BLK) by 2.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 40,960 shares of the asset manager’s stock after purchasing an additional 1,020 shares during the period. Nisa Investment Advisors LLC’s holdings in BlackRock were worth $21,040,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BLK. Third Point LLC acquired a new position in BlackRock in the 2nd quarter worth approximately $654,736,000. Capital World Investors boosted its stake in BlackRock by 12.9% in the 2nd quarter. Capital World Investors now owns 7,105,319 shares of the asset manager’s stock worth $3,001,358,000 after purchasing an additional 810,667 shares during the period. Vanguard Group Inc. boosted its stake in BlackRock by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,450,778 shares of the asset manager’s stock worth $3,569,693,000 after purchasing an additional 656,569 shares during the period. Principal Financial Group Inc. boosted its stake in BlackRock by 207.1% in the 2nd quarter. Principal Financial Group Inc. now owns 527,380 shares of the asset manager’s stock worth $222,771,000 after purchasing an additional 355,630 shares during the period. Finally, BlackRock Inc. boosted its stake in BlackRock by 3.2% in the 2nd quarter. BlackRock Inc. now owns 6,750,714 shares of the asset manager’s stock worth $2,851,570,000 after purchasing an additional 209,209 shares during the period. 83.54% of the stock is owned by hedge funds and other institutional investors.

Shares of BlackRock, Inc. (NYSE:BLK) traded up $18.32 during trading hours on Friday, hitting $555.53. 932,670 shares of the company’s stock were exchanged, compared to its average volume of 476,118. The firm has a market cap of $89,070.00, a price-to-earnings ratio of 26.01, a P/E/G ratio of 1.57 and a beta of 1.81. BlackRock, Inc. has a 52 week low of $365.83 and a 52 week high of $556.37. 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 (NYSE:BLK) last issued its earnings results on Thursday, January 11th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.94 by $0.30. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a net margin of 29.52% and a return on equity of 12.01%. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter last year, the business posted $5.14 EPS. sell-side analysts expect that BlackRock, Inc. will post 22.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Wednesday, March 7th will be paid a dividend of $2.88 per share. This represents a $11.52 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s dividend payout ratio (DPR) is 46.82%.

In other BlackRock news, insider Jeff A. Smith sold 100 shares of BlackRock stock in a transaction on Friday, November 17th. The shares were sold at an average price of $477.54, for a total transaction of $47,754.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Wagner sold 4,000 shares of BlackRock stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the sale, the director now directly owns 481,915 shares of the company’s stock, valued at approximately $243,897,181.50. The disclosure for this sale can be found here. Company insiders own 1.86% of the company’s stock.

A number of research firms recently commented on BLK. Credit Suisse Group reaffirmed a “buy” rating and issued a $680.00 price objective on shares of BlackRock in a research note on Friday. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 price objective for the company in a research note on Thursday. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $475.00 price objective (up previously from $450.00) on shares of BlackRock in a research note on Thursday, October 12th. JPMorgan Chase & Co. raised their price objective on shares of BlackRock to $558.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $465.00 price objective on shares of BlackRock in a research note on Thursday, October 12th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $510.67.

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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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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