BlackRock, Inc. (NYSE:BLK) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in shares of BlackRock, Inc. (NYSE:BLK) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,646 shares of the asset manager’s stock after selling 9,946 shares during the period. Rockefeller Capital Management L.P. owned 0.10% of BlackRock worth $142,009,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in BlackRock during the second quarter worth about $31,000. Reston Wealth Management LLC acquired a new stake in shares of BlackRock during the 3rd quarter valued at $37,000. MFA Wealth Advisors LLC grew its holdings in shares of BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after acquiring an additional 20 shares during the last quarter. Addison Advisors LLC raised its position in shares of BlackRock by 81.5% during the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock worth $47,000 after purchasing an additional 22 shares during the period. Finally, Olistico Wealth LLC purchased a new stake in shares of BlackRock during the second quarter valued at $53,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on BLK. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research note on Monday, November 11th. 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. Barclays increased their target price on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. TD Cowen upped their target price on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Evercore ISI lifted their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,019.62.

BlackRock Stock Performance

NYSE:BLK opened at $1,019.45 on Friday. The firm has a 50-day moving average price of $993.05 and a 200 day moving average price of $886.09. BlackRock, Inc. has a 12-month low of $725.86 and a 12-month high of $1,068.34. The firm has a market capitalization of $157.89 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.84 and a beta of 1.30. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last announced its quarterly earnings results 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 firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $10.91 EPS. Research analysts anticipate that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th will be given a $5.10 dividend. This represents a $20.40 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, December 5th. BlackRock’s payout ratio is presently 50.35%.

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.