BlackRock, Inc. (NYSE:BLK) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc lifted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 7.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 424 shares of the asset manager’s stock after purchasing an additional 28 shares during the quarter. Versant Capital Management Inc’s holdings in BlackRock were worth $403,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. XML Financial LLC grew its position in shares of BlackRock by 2.6% during the second quarter. XML Financial LLC now owns 473 shares of the asset manager’s stock worth $372,000 after acquiring an additional 12 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in shares of BlackRock by 6.1% in the second quarter. Hexagon Capital Partners LLC now owns 226 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 13 shares during the period. Forza Wealth Management LLC raised its holdings in shares of BlackRock by 1.3% during the second quarter. Forza Wealth Management LLC now owns 1,044 shares of the asset manager’s stock valued at $822,000 after buying an additional 13 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in shares of BlackRock by 4.4% during the second quarter. Rosenberg Matthew Hamilton now owns 311 shares of the asset manager’s stock worth $243,000 after buying an additional 13 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in BlackRock by 17.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 89 shares of the asset manager’s stock worth $70,000 after buying an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling

In other BlackRock news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares of the company’s stock, valued at $4,826,802.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the transaction, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Wiedman sold 27,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total transaction 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 $5,407,041.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,042 shares of company stock worth $79,387,117. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BLK. Morgan Stanley boosted their price target on BlackRock from $1,036.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company began coverage on shares of BlackRock in a report on Thursday, September 12th. They issued an “overweight” rating and a $1,000.00 price objective for the company. TD Cowen dropped their price target on shares of BlackRock from $974.00 to $969.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Deutsche Bank Aktiengesellschaft upped their price objective on BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Finally, Argus upped their price target on shares of BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $943.93.

BlackRock Trading Down 0.9 %

BlackRock stock opened at $940.53 on Tuesday. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $960.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market capitalization of $139.76 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.05 and a beta of 1.30. The company has a 50 day moving average price of $890.01 and a 200 day moving average price of $826.73.

BlackRock (NYSE:BLK) last issued its earnings results on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, topping the consensus estimate of $9.96 by $0.40. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.85 billion. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. BlackRock’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $9.28 earnings per share. Research analysts forecast that BlackRock, Inc. will post 41.37 EPS for the current year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Monday, September 9th. BlackRock’s dividend payout ratio (DPR) is 51.84%.

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.