BlackRock, Inc. (NYSE:BLK) Shares Purchased by Martin Capital Advisors LLP

Martin Capital Advisors LLP grew its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,009 shares of the asset manager’s stock after purchasing an additional 27 shares during the period. BlackRock accounts for 1.4% of Martin Capital Advisors LLP’s portfolio, making the stock its 22nd biggest position. Martin Capital Advisors LLP’s holdings in BlackRock were worth $1,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BLK. Capital Research Global Investors grew its stake in shares of BlackRock by 11.1% in 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 purchasing an additional 435,358 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in BlackRock by 24,171.5% in the 1st quarter. Mayflower Financial Advisors LLC now owns 416,014 shares of the asset manager’s stock valued at $346,831,000 after buying an additional 414,300 shares in the last quarter. Vanguard Group Inc. grew its position in BlackRock by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock valued at $10,990,052,000 after buying an additional 292,017 shares in the last quarter. M&G Plc bought a new stake in shares of BlackRock during the 1st quarter worth about $161,918,000. Finally, Sarasin & Partners LLP lifted its stake 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. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other BlackRock news, CEO Laurence Fink sold 29,450 shares of the firm’s stock in a transaction that occurred on 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 approximately $298,272,703.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the sale, the director now directly owns 6,480 shares in the company, valued at $5,832,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,042 shares of company stock worth $79,387,117. 0.90% of the stock is owned by insiders.

BlackRock Stock Up 3.6 %

BLK stock opened at $990.26 on Monday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The firm has a market cap of $147.15 billion, a PE ratio of 25.17, a PEG ratio of 1.94 and a beta of 1.30. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $996.29. The company has a fifty day simple moving average of $899.39 and a 200 day simple moving average of $831.33.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.42 by $1.04. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the company posted $10.91 EPS. The firm’s revenue was up 14.9% on a year-over-year basis. Sell-side analysts anticipate that BlackRock, Inc. will post 41.73 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a dividend of $5.10 per share. This represents a $20.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Monday, September 9th. BlackRock’s dividend payout ratio is currently 51.84%.

Analysts Set New Price Targets

A number of research firms recently commented on BLK. Morgan Stanley raised their price objective on shares of BlackRock from $1,036.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Barclays raised their target price on BlackRock from $990.00 to $1,010.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. TD Cowen upped their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group decreased their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and an average price target of $972.23.

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.