UniSuper Management Pty Ltd Has $2.63 Million Position in BlackRock, Inc. (NYSE:BLK)

UniSuper Management Pty Ltd lowered its position in BlackRock, Inc. (NYSE:BLK) by 50.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,154 shares of the asset manager’s stock after selling 3,192 shares during the quarter. UniSuper Management Pty Ltd’s holdings in BlackRock were worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BLK. Advisor Resource Council acquired a new stake in BlackRock during the 4th quarter valued at approximately $215,000. Everhart Financial Group Inc. increased its position in BlackRock by 3.2% during the 4th quarter. Everhart Financial Group Inc. now owns 450 shares of the asset manager’s stock valued at $365,000 after purchasing an additional 14 shares during the period. Mutual Advisors LLC increased its position in BlackRock by 0.7% during the 4th quarter. Mutual Advisors LLC now owns 2,984 shares of the asset manager’s stock valued at $2,422,000 after purchasing an additional 20 shares during the period. HB Wealth Management LLC increased its position in BlackRock by 15.4% during the 4th quarter. HB Wealth Management LLC now owns 2,856 shares of the asset manager’s stock valued at $2,319,000 after purchasing an additional 381 shares during the period. Finally, Cooper Financial Group increased its position in BlackRock by 23.9% during the 4th quarter. Cooper Financial Group now owns 659 shares of the asset manager’s stock valued at $535,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Price Performance

BLK stock traded up $1.45 during mid-day trading on Tuesday, reaching $844.69. 701,338 shares of the company traded hands, compared to its average volume of 607,095. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.32 and a quick ratio of 5.32. The company has a market capitalization of $125.52 billion, a P/E ratio of 21.47, a P/E/G ratio of 1.83 and a beta of 1.32. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $851.88. The company has a fifty day moving average price of $794.17 and a 200-day moving average price of $794.72.

BlackRock (NYSE:BLK) last posted its earnings results on Monday, July 15th. The asset manager reported $10.36 earnings per share for the quarter, beating analysts’ consensus estimates of $9.96 by $0.40. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.85 billion. BlackRock had a return on equity of 15.53% and a net margin of 32.36%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.28 EPS. As a group, analysts anticipate that BlackRock, Inc. will post 41.22 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were given a dividend of $5.10 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.42%. BlackRock’s dividend payout ratio (DPR) is presently 51.84%.

Insider Activity

In other news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $807.29, for a total transaction of $25,008,229.62. Following the completion of the sale, the chief executive officer now owns 383,168 shares in the company, valued at approximately $309,327,694.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $807.29, for a total value of $25,008,229.62. Following the completion of the sale, the chief executive officer now owns 383,168 shares in the company, valued at approximately $309,327,694.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Wiedman sold 27,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total value of $22,529,340.00. Following the completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,407,041.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,978 shares of company stock worth $54,692,570. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on BLK. Keefe, Bruyette & Woods increased their target price on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. raised their price objective on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Morgan Stanley reduced their price objective on shares of BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Argus raised their price objective on shares of BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Citigroup raised their price objective on shares of BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $872.29.

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.