Nisa Investment Advisors LLC Grows Position in BlackRock, Inc. (NYSE:BLK)

Nisa Investment Advisors LLC increased its stake in BlackRock, Inc. (NYSE:BLK) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,446 shares of the asset manager’s stock after purchasing an additional 218 shares during the quarter. Nisa Investment Advisors LLC’s holdings in BlackRock were worth $32,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sarasin & Partners LLP grew its holdings in shares of BlackRock by 174.8% in the 2nd quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock worth $145,096,000 after acquiring an additional 117,218 shares during the period. Smithbridge Asset Management Inc. DE increased its position in shares of BlackRock by 3.5% in the second quarter. Smithbridge Asset Management Inc. DE now owns 797 shares of the asset manager’s stock valued at $627,000 after buying an additional 27 shares in the last quarter. Portman Square Capital LLP raised its stake in shares of BlackRock by 104.6% during the 2nd quarter. Portman Square Capital LLP now owns 465 shares of the asset manager’s stock worth $366,000 after buying an additional 10,500 shares during the last quarter. ARS Wealth Advisors Group LLC boosted its position in shares of BlackRock by 0.5% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 2,766 shares of the asset manager’s stock worth $2,177,000 after buying an additional 14 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC grew its stake in BlackRock by 3.2% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 33,838 shares of the asset manager’s stock valued at $26,641,000 after acquiring an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling

In other BlackRock news, 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 transaction of $24,833,712.50. Following the transaction, the chief executive officer now owns 353,718 shares in the company, valued at $298,272,703.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the sale, the director now owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laurence Fink sold 29,450 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value of $24,833,712.50. Following the completion of the transaction, 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 three months, insiders sold 81,042 shares of company stock valued at $68,587,117. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

BLK has been the topic of several research reports. Keefe, Bruyette & Woods increased their price target on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. TD Cowen dropped their price target on BlackRock from $974.00 to $969.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Citigroup upped their price objective on BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Evercore ISI raised their price target on shares of BlackRock from $910.00 to $920.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, BlackRock currently has a consensus rating of “Moderate Buy” and an average price target of $874.07.

BlackRock Trading Down 0.5 %

Shares of BLK stock traded down $4.39 on Monday, reaching $868.10. 184,571 shares of the stock were exchanged, compared to its average volume of 599,186. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.35. The stock has a market cap of $129.00 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.32. The firm has a 50 day moving average of $818.31 and a two-hundred day moving average of $802.54. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $885.10.

BlackRock (NYSE:BLK) last released 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 company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.85 billion. BlackRock had a return on equity of 15.53% and a net margin of 32.36%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $9.28 EPS. On average, research analysts anticipate that BlackRock, Inc. will post 41.23 EPS for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 9th will be issued a dividend of $5.10 per share. The ex-dividend date is Monday, September 9th. This represents a $20.40 annualized dividend and a dividend yield of 2.35%. BlackRock’s payout ratio is 51.84%.

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.