BlackRock, Inc. (BLK) Holdings Lifted by Pendal Group Ltd

Pendal Group Ltd boosted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 39.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,960 shares of the asset manager’s stock after acquiring an additional 2,512 shares during the quarter. Pendal Group Ltd’s holdings in BlackRock were worth $4,223,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BLK. Fisher Asset Management LLC increased its stake in shares of BlackRock by 3.9% in the second quarter. Fisher Asset Management LLC now owns 129,557 shares of the asset manager’s stock valued at $64,655,000 after buying an additional 4,883 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of BlackRock by 16.5% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,123 shares of the asset manager’s stock valued at $1,059,000 after buying an additional 300 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of BlackRock by 9.8% in the second quarter. State of Alaska Department of Revenue now owns 17,388 shares of the asset manager’s stock valued at $8,675,000 after buying an additional 1,550 shares in the last quarter. Trust Co. of Vermont increased its stake in shares of BlackRock by 3.4% in the second quarter. Trust Co. of Vermont now owns 24,637 shares of the asset manager’s stock valued at $12,295,000 after buying an additional 810 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in shares of BlackRock by 2.5% in the second quarter. Xact Kapitalforvaltning AB now owns 28,883 shares of the asset manager’s stock valued at $14,414,000 after buying an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

Shares of BLK stock opened at $424.73 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.87 and a quick ratio of 3.87. The stock has a market capitalization of $65.98 billion, a P/E ratio of 18.79, a PEG ratio of 1.24 and a beta of 1.54. BlackRock, Inc. has a 12 month low of $376.31 and a 12 month high of $594.52.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, October 16th. The asset manager reported $7.52 EPS for the quarter, topping the Zacks’ consensus estimate of $6.93 by $0.59. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. BlackRock had a return on equity of 13.76% and a net margin of 39.92%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $5.76 earnings per share. Equities analysts anticipate that BlackRock, Inc. will post 27.71 earnings per share for the current fiscal year.

In other news, Director William E. Ford acquired 2,000 shares of the stock in a transaction that occurred on Monday, October 22nd. The stock was purchased at an average cost of $395.21 per share, for a total transaction of $790,420.00. Following the completion of the transaction, the director now directly owns 9,466 shares in the company, valued at $3,741,057.86. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.86% of the stock is owned by company insiders.

BLK has been the subject of a number of research reports. Goldman Sachs Group lowered BlackRock from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, October 17th. Deutsche Bank lowered their target price on BlackRock from $570.00 to $561.00 and set a “buy” rating for the company in a research note on Thursday, August 16th. JPMorgan Chase & Co. raised their target price on BlackRock from $541.00 to $592.00 and gave the company a “buy” rating in a research note on Monday, October 8th. UBS Group lowered their target price on BlackRock from $575.00 to $565.00 and set a “buy” rating for the company in a research note on Monday, October 8th. Finally, ValuEngine lowered BlackRock from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. BlackRock presently has an average rating of “Buy” and a consensus price target of $569.08.

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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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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