BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $132.57 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in shares of BlackRock, Inc. (NYSE:BLK) by 12.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 139,620 shares of the asset manager’s stock after selling 19,371 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in BlackRock were worth $132,571,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in BlackRock by 2.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager’s stock valued at $1,310,762,000 after purchasing an additional 46,728 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of BlackRock by 1.9% in the second quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager’s stock valued at $942,640,000 after buying an additional 22,311 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in BlackRock by 89,389.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after buying an additional 1,044,962 shares in the last quarter. International Assets Investment Management LLC increased its position in BlackRock by 104,468.9% in the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock valued at $7,526,120,000 after acquiring an additional 791,874 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of BlackRock by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 685,456 shares of the asset manager’s stock worth $539,673,000 after acquiring an additional 17,087 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. The trade was a 64.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

BlackRock Price Performance

BLK opened at $1,024.67 on Thursday. The company has a fifty day simple moving average of $978.33 and a 200 day simple moving average of $876.59. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. The stock has a market cap of $158.70 billion, a P/E ratio of 25.29, a P/E/G ratio of 1.87 and a beta of 1.30. BlackRock, Inc. has a 12 month low of $718.72 and a 12 month high of $1,068.34.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.42 by $1.04. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. BlackRock’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.91 EPS. On average, research analysts expect that BlackRock, Inc. will post 43.17 EPS for the current year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Thursday, December 5th will be given a $5.10 dividend. This represents a $20.40 annualized dividend and a yield of 1.99%. BlackRock’s dividend payout ratio is currently 50.35%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BLK. Wells Fargo & Company raised their price target on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Evercore ISI upped their price target on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. upped their target price on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, TD Cowen increased their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,019.62.

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.