XTX Topco Ltd Makes New Investment in BlackRock, Inc. (NYSE:BLK)

XTX Topco Ltd bought a new stake in shares of BlackRock, Inc. (NYSE:BLK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,684 shares of the asset manager’s stock, valued at approximately $2,113,000.

Other large investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new stake in BlackRock in the 1st quarter valued at about $27,000. Pineridge Advisors LLC bought a new stake in BlackRock during the 4th quarter valued at $28,000. Lam Group Inc. acquired a new position in BlackRock during the first quarter worth $33,000. Fairman Group LLC bought a new stake in shares of BlackRock during the fourth quarter worth about $35,000. Finally, Chilton Capital Management LLC bought a new stake in BlackRock during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of recent research reports. UBS Group dropped their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Evercore ISI raised their price objective on BlackRock from $920.00 to $945.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Keefe, Bruyette & Woods upped their target price on shares of BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Wells Fargo & Company initiated coverage on shares of BlackRock in a report on Thursday, September 12th. They set an “overweight” rating and a $1,000.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and an average price target of $902.13.

Insider Transactions at BlackRock

In related news, CEO Laurence Fink sold 29,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value of $24,833,712.50. Following the sale, the chief executive officer now directly owns 353,718 shares of the company’s stock, valued at $298,272,703.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Laurence Fink sold 29,450 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total value of $24,833,712.50. Following the transaction, the chief executive officer now owns 353,718 shares of the company’s stock, valued at $298,272,703.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Wiedman sold 27,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 6,480 shares of the company’s stock, valued at $5,407,041.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,042 shares of company stock valued at $79,387,117. 0.90% of the stock is owned by corporate insiders.

BlackRock Price Performance

Shares of NYSE:BLK opened at $934.61 on Friday. The company has a 50 day moving average of $866.54 and a 200 day moving average of $817.30. 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 12 month low of $596.18 and a 12 month high of $942.73. The stock has a market cap of $138.88 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.92 and a beta of 1.30.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Monday, July 15th. The asset manager reported $10.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.96 by $0.40. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the business posted $9.28 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts forecast that BlackRock, Inc. will post 41.34 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be given a dividend of $5.10 per share. The ex-dividend date is Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.18%. BlackRock’s dividend payout ratio (DPR) is presently 51.84%.

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.