Vinva Investment Management Ltd Has $5.40 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Vinva Investment Management Ltd decreased its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,252 shares of the asset manager’s stock after selling 866 shares during the quarter. Vinva Investment Management Ltd’s holdings in BlackRock were worth $5,396,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Fidelity D & D Bancorp Inc. boosted its holdings in BlackRock by 3.7% during the third quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock worth $263,000 after purchasing an additional 10 shares during the last quarter. Princeton Global Asset Management LLC boosted its holdings in BlackRock by 8.7% during the fourth quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager’s stock worth $128,000 after purchasing an additional 10 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in BlackRock by 0.8% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager’s stock worth $1,311,000 after purchasing an additional 10 shares during the last quarter. Legacy Capital Group California Inc. boosted its holdings in BlackRock by 2.8% during the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock worth $377,000 after purchasing an additional 10 shares during the last quarter. Finally, Studio Investment Management LLC raised its position in BlackRock by 0.4% during the third quarter. Studio Investment Management LLC now owns 3,076 shares of the asset manager’s stock worth $2,921,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Price Performance

Shares of BlackRock stock opened at $956.47 on Thursday. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,084.22. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $981.50 and a two-hundred day simple moving average of $987.59. The stock has a market capitalization of $148.49 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping the consensus estimate of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the previous year, the company earned $9.66 EPS. The business’s revenue was up 22.6% on a year-over-year basis. Analysts forecast that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a $5.21 dividend. This is a boost from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 2.18%. BlackRock’s payout ratio is 49.62%.

Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 430 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $949.37, for a total value of $408,229.10. Following the transaction, the director now directly owns 3,720 shares of the company’s stock, valued at $3,531,656.40. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 20,430 shares of company stock worth $21,234,629 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on BLK shares. Wells Fargo & Company upped their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group upped their price target on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Citigroup upped their price target on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Morgan Stanley upped their price target on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,120.67.

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.