American Century Companies Inc. lowered its stake in BlackRock, Inc. (NYSE:BLK) by 43.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 99,945 shares of the asset manager’s stock after selling 78,296 shares during the quarter. American Century Companies Inc.’s holdings in BlackRock were worth $51,343,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BLK. Invictus RG bought a new position in BlackRock during the third quarter worth about $110,000. Sumitomo Mitsui Financial Group Inc. grew its holdings in BlackRock by 1,119.2% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 317 shares of the asset manager’s stock worth $141,000 after purchasing an additional 291 shares during the period. Oakworth Capital Inc. grew its holdings in BlackRock by 67.6% during the fourth quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock worth $153,000 after purchasing an additional 123 shares during the period. Manchester Capital Management LLC bought a new position in BlackRock during the third quarter worth about $156,000. Finally, Penserra Capital Management LLC grew its holdings in BlackRock by 48.8% during the third quarter. Penserra Capital Management LLC now owns 369 shares of the asset manager’s stock worth $164,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 83.27% of the company’s stock.

Shares of BlackRock, Inc. (NYSE:BLK) opened at $521.51 on Monday. BlackRock, Inc. has a 1-year low of $368.00 and a 1-year high of $594.52. The stock has a market capitalization of $83,610.00, a P/E ratio of 17.21, a PEG ratio of 1.40 and a beta of 1.75. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.94 by $0.30. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the company posted $5.14 earnings per share. The business’s revenue was up 20.0% on a year-over-year basis. equities research analysts expect that BlackRock, Inc. will post 28.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be issued a dividend of $2.88 per share. This represents a $11.52 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, March 6th. This is a boost from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s payout ratio is currently 33.00%.

BLK has been the subject of a number of research analyst reports. Jefferies Group lifted their price target on BlackRock to $565.00 and gave the stock a “hold” rating in a report on Monday, January 15th. Credit Suisse Group reiterated a “buy” rating and set a $680.00 price target on shares of BlackRock in a report on Friday, January 12th. Citigroup lifted their price target on BlackRock to $625.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research cut BlackRock from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Argus reiterated a “buy” rating and set a $620.00 price target (up previously from $520.00) on shares of BlackRock in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $547.92.

In other news, Director Susan Wagner sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the completion of the sale, the director now owns 481,915 shares in the company, valued at $243,897,181.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeff A. Smith sold 100 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $477.54, for a total value of $47,754.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,775 shares of company stock valued at $2,983,400. Corporate insiders own 1.86% of the company’s stock.

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BlackRock Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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