BBR Partners LLC Has $946,000 Stock Position in BlackRock, Inc. (NYSE:BLK)

BBR Partners LLC lessened its stake in BlackRock, Inc. (NYSE:BLK) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 996 shares of the asset manager’s stock after selling 12 shares during the quarter. BBR Partners LLC’s holdings in BlackRock were worth $946,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BLK. FMR LLC lifted its position in BlackRock by 10.6% in the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock valued at $2,244,608,000 after acquiring an additional 226,135 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of BlackRock by 1.9% in the third quarter. Fisher Asset Management LLC now owns 2,192,247 shares of the asset manager’s stock valued at $2,081,561,000 after purchasing an additional 40,865 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of BlackRock by 2.9% during the second quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager’s stock worth $1,310,762,000 after buying an additional 46,728 shares during the period. Legal & General Group Plc grew its holdings in shares of BlackRock by 1.9% during the second quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager’s stock worth $942,640,000 after buying an additional 22,311 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its position in BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after buying an additional 1,044,962 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

BLK has been the subject of a number of recent research reports. TD Cowen upped their price target on 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 raised their target price 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. Barclays boosted their price target on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. StockNews.com started coverage on BlackRock in a report on Thursday, November 21st. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. upped their target price on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,019.62.

BlackRock Price Performance

NYSE:BLK opened at $1,019.45 on Thursday. BlackRock, Inc. has a 12-month low of $725.86 and a 12-month high of $1,068.34. The firm has a market capitalization of $157.89 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.84 and a beta of 1.30. The stock’s 50 day moving average price is $991.35 and its two-hundred day moving average price is $885.16. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.42 by $1.04. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the firm posted $10.91 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts anticipate that BlackRock, Inc. will post 43.17 earnings per share for the current year.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Thursday, December 5th will be issued a dividend of $5.10 per share. This represents a $20.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, December 5th. BlackRock’s payout ratio is 50.35%.

Insider Activity at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the sale, the director now owns 6,480 shares in the company, valued at $5,832,000. The trade was a 64.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by company insiders.

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.