BlackRock $BLK Shares Bought by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in shares of BlackRock (NYSE:BLKFree Report) by 127.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,500 shares of the asset manager’s stock after buying an additional 1,400 shares during the quarter. BlackRock makes up approximately 1.4% of Mitsubishi UFJ Asset Management UK Ltd.’s investment portfolio, making the stock its 17th largest position. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in BlackRock were worth $2,915,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BLK. Pacifica Partners Inc. lifted its holdings in BlackRock by 450.0% during the third quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 18 shares in the last quarter. TruNorth Capital Management LLC increased its stake in shares of BlackRock by 1,000.0% during the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock worth $26,000 after purchasing an additional 20 shares in the last quarter. Traub Capital Management LLC acquired a new position in shares of BlackRock during the 2nd quarter worth about $28,000. Whipplewood Advisors LLC lifted its stake in BlackRock by 107.1% in the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after buying an additional 15 shares in the last quarter. Finally, Creekmur Asset Management LLC boosted its holdings in BlackRock by 87.5% in the 2nd quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock worth $32,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

BlackRock Trading Up 1.1%

Shares of BLK stock opened at $1,093.57 on Friday. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.34. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The company’s 50-day moving average price is $1,093.67 and its 200-day moving average price is $1,104.91. The stock has a market cap of $169.67 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 1.36 and a beta of 1.47.

BlackRock (NYSE:BLKGet Free Report) last issued its earnings results on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, topping analysts’ consensus estimates of $12.55 by $0.61. BlackRock had a net margin of 22.93% and a return on equity of 15.14%. The company had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same period in the previous year, the firm earned $11.93 earnings per share. BlackRock’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, equities analysts predict that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Friday, March 6th will be given a $5.73 dividend. The ex-dividend date is Friday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock’s dividend payout ratio (DPR) is currently 58.84%.

Insiders Place Their Bets

In other news, COO Robert L. Goldstein sold 5,293 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,084.22, for a total transaction of $5,738,776.46. Following the completion of the transaction, the chief operating officer directly owned 46,185 shares in the company, valued at approximately $50,074,700.70. This represents a 10.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J. Richard Kushel sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $1,125.00, for a total transaction of $22,500,000.00. Following the completion of the sale, the director owned 61,894 shares in the company, valued at approximately $69,630,750. This trade represents a 24.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 109,967 shares of company stock worth $122,487,380 in the last three months. 1.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Freedom Capital raised BlackRock from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Wall Street Zen upgraded BlackRock from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. BNP Paribas Exane raised their price objective on BlackRock from $1,290.00 to $1,300.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Barclays upped their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Morgan Stanley raised their price target on shares of BlackRock from $1,514.00 to $1,550.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,311.11.

Get Our Latest Report on BLK

About BlackRock

(Free Report)

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

Read More

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLKFree Report).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.