Sava Infond d.o.o. Buys 240 Shares of BlackRock $BLK

Sava Infond d.o.o. grew its holdings in BlackRock (NYSE:BLK) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,897 shares of the asset manager’s stock after purchasing an additional 240 shares during the quarter. BlackRock comprises 1.3% of Sava Infond d.o.o.’s portfolio, making the stock its 18th biggest holding. Sava Infond d.o.o.’s holdings in BlackRock were worth $8,286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLK. Royal Bank of Canada grew its position in shares of BlackRock by 73.2% in the first quarter. Royal Bank of Canada now owns 1,313,350 shares of the asset manager’s stock valued at $1,243,059,000 after purchasing an additional 555,098 shares during the last quarter. Vanguard Group Inc. grew its position in shares of BlackRock by 2.9% in the first quarter. Vanguard Group Inc. now owns 13,764,072 shares of the asset manager’s stock valued at $13,027,419,000 after purchasing an additional 387,466 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of BlackRock by 32.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,131,919 shares of the asset manager’s stock valued at $1,071,339,000 after purchasing an additional 279,336 shares during the last quarter. Unisphere Establishment grew its position in shares of BlackRock by 29.2% in the first quarter. Unisphere Establishment now owns 839,500 shares of the asset manager’s stock valued at $794,570,000 after purchasing an additional 189,500 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of BlackRock by 58.8% in the first quarter. Alliancebernstein L.P. now owns 381,447 shares of the asset manager’s stock valued at $361,032,000 after purchasing an additional 141,258 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BLK. Keefe, Bruyette & Woods lowered their price target on BlackRock from $1,247.00 to $1,224.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 16th. Wells Fargo & Company decreased their target price on BlackRock from $1,180.00 to $1,170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 16th. Citigroup lifted their target price on BlackRock from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on BlackRock from $1,093.00 to $1,242.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Argus reissued a “buy” rating on shares of BlackRock in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,213.67.

BlackRock Stock Up 0.0%

NYSE BLK opened at $1,160.75 on Friday. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average is $1,129.67 and its two-hundred day moving average is $1,027.68. The company has a market capitalization of $179.74 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.22 and a beta of 1.45. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,183.50.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 earnings per share for the quarter, beating analysts’ consensus estimates of $10.41 by $1.64. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.40 billion. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $10.36 earnings per share. Equities analysts forecast that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th were issued a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 5th. BlackRock’s payout ratio is presently 50.39%.

Insider Buying and Selling

In other news, Director Rachel Lord sold 18,036 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the transaction, the director directly owned 19,205 shares of the company’s stock, valued at $21,617,148. The trade was a 48.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Laurence Fink sold 12,054 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $1,125.43, for a total value of $13,565,933.22. Following the completion of the transaction, the chief executive officer directly owned 251,697 shares in the company, valued at $283,267,354.71. The trade was a 4.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,494 shares of company stock valued at $74,694,573 over the last ninety days. Company insiders own 1.98% of the company’s stock.

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.