L.M. Kohn & Company Sells 100 Shares of BlackRock, Inc. (NYSE:BLK)

L.M. Kohn & Company reduced its stake in shares of BlackRock, Inc. (NYSE:BLK) by 9.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 936 shares of the asset manager’s stock after selling 100 shares during the quarter. L.M. Kohn & Company’s holdings in BlackRock were worth $889,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Pathway Financial Advisers LLC raised its holdings 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 valued at $993,312,000 after buying an additional 1,044,962 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of 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 worth $7,526,120,000 after acquiring an additional 791,874 shares during the last quarter. FMR LLC boosted its stake in shares of BlackRock by 10.6% during the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after purchasing an additional 226,135 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in BlackRock during the 3rd quarter valued at about $115,377,000. Finally, Sarasin & Partners LLP raised its position in BlackRock by 174.8% in the 2nd quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock worth $145,096,000 after purchasing an additional 117,218 shares during the period. 80.69% of the stock is owned by institutional investors.

BlackRock Trading Up 0.3 %

Shares of NYSE:BLK opened at $1,022.80 on Friday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $158.41 billion, a PE ratio of 25.24, a P/E/G ratio of 1.82 and a beta of 1.30. BlackRock, Inc. has a 12-month low of $742.22 and a 12-month high of $1,068.34. The business’s fifty day simple moving average is $994.93 and its 200-day simple moving average is $887.71.

BlackRock (NYSE:BLK) last announced its earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the company posted $10.91 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts predict that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th will be issued a $5.10 dividend. This represents a $20.40 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, December 5th. BlackRock’s dividend payout ratio is currently 50.35%.

Analysts Set New Price Targets

BLK has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on 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 lifted their target price on BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on shares of BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Evercore ISI upped their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com started coverage on BlackRock in a report on Friday. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,019.62.

About BlackRock

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.