BlackRock, Inc. (NYSE:BLK) Holdings Lifted by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its holdings in BlackRock, Inc. (NYSE:BLK) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,242 shares of the asset manager’s stock after acquiring an additional 879 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in BlackRock were worth $28,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC raised its holdings in shares of BlackRock by 9.5% in the 1st quarter. Lazard Asset Management LLC now owns 938 shares of the asset manager’s stock worth $781,000 after purchasing an additional 81 shares in the last quarter. Ascent Group LLC grew its position in BlackRock by 51.7% in the first quarter. Ascent Group LLC now owns 578 shares of the asset manager’s stock worth $482,000 after buying an additional 197 shares during the last quarter. Waverly Advisors LLC increased its holdings in shares of BlackRock by 405.1% in the first quarter. Waverly Advisors LLC now owns 2,652 shares of the asset manager’s stock valued at $2,210,000 after buying an additional 2,127 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of BlackRock by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 640 shares of the asset manager’s stock valued at $534,000 after acquiring an additional 20 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in shares of BlackRock by 0.5% during the 1st quarter. Ancora Advisors LLC now owns 27,140 shares of the asset manager’s stock worth $22,626,000 after acquiring an additional 146 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Trading Up 0.8 %

NYSE BLK opened at $1,036.46 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. BlackRock, Inc. has a 1-year low of $724.54 and a 1-year high of $1,068.34. The firm’s fifty day simple moving average is $984.28 and its 200-day simple moving average is $880.90. The company has a market capitalization of $160.53 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30.

BlackRock (NYSE:BLK) last issued its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.42 by $1.04. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.91 EPS. As a group, sell-side analysts anticipate that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th will be paid a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, December 5th. BlackRock’s dividend payout ratio (DPR) is presently 50.35%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BLK. Deutsche Bank Aktiengesellschaft upped their target price on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com initiated coverage on shares of BlackRock in a research note on Thursday. They set a “hold” rating for the company. TD Cowen lifted their target price on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. The Goldman Sachs Group upped their price target on shares of BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $1,019.62.

Insiders Place Their Bets

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the business’s 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 completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. The trade was a 64.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

About BlackRock

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.