Achmea Investment Management B.V. lessened its stake in BlackRock, Inc. (NYSE:BLK) by 17.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,033 shares of the asset manager’s stock after selling 2,663 shares during the quarter. Achmea Investment Management B.V.’s holdings in BlackRock were worth $6,141,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in BLK. Truvestments Capital LLC acquired a new stake in shares of BlackRock during the 3rd quarter worth about $116,000. Canton Hathaway LLC acquired a new stake in shares of BlackRock during the 3rd quarter worth about $146,000. AlphaMark Advisors LLC acquired a new stake in shares of BlackRock during the 2nd quarter worth about $147,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of BlackRock during the 2nd quarter worth about $150,000. Finally, Kaizen Advisory LLC boosted its stake in shares of BlackRock by 156.7% during the 2nd quarter. Kaizen Advisory LLC now owns 308 shares of the asset manager’s stock worth $154,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.
In other BlackRock news, Director William E. Ford purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were purchased at an average price of $395.21 per share, for a total transaction of $790,420.00. Following the completion of the acquisition, the director now owns 9,466 shares of the company’s stock, valued at approximately $3,741,057.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.86% of the company’s stock.
BLK opened at $413.95 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.87 and a current ratio of 3.87. BlackRock, Inc. has a 1 year low of $376.31 and a 1 year high of $594.52. The company has a market capitalization of $65.98 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.24 and a beta of 1.54.
BlackRock (NYSE:BLK) last released its earnings results on Tuesday, October 16th. The asset manager reported $7.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.93 by $0.59. BlackRock had a net margin of 39.92% and a return on equity of 13.76%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the company earned $5.76 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that BlackRock, Inc. will post 27.71 EPS for the current year.
BLK has been the topic of several analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $550.00 price target (down from $559.00) on shares of BlackRock in a research note on Thursday, October 11th. Goldman Sachs Group decreased their price target on shares of BlackRock to $570.00 and set a “buy” rating on the stock in a research note on Tuesday, July 17th. Morgan Stanley decreased their price target on shares of BlackRock from $607.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, October 9th. UBS Group decreased their price target on shares of BlackRock from $575.00 to $565.00 and set a “buy” rating on the stock in a research note on Monday, October 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of BlackRock from $541.00 to $592.00 and gave the stock a “buy” rating in a research note on Monday, October 8th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $569.08.
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BlackRock Company 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.
See Also: Outstanding Shares
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