Vinva Investment Management Ltd Invests $4.13 Million in BlackRock, Inc. (NYSE:BLK)

Vinva Investment Management Ltd purchased a new position in shares of BlackRock, Inc. (NYSE:BLKFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,069 shares of the asset manager’s stock, valued at approximately $4,128,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BLK. Capital Research Global Investors raised its holdings in shares of BlackRock by 23.7% in the fourth quarter. Capital Research Global Investors now owns 3,918,878 shares of the asset manager’s stock valued at $3,181,346,000 after buying an additional 749,654 shares during the last quarter. Capital World Investors lifted its position in shares of BlackRock by 57.3% during the fourth quarter. Capital World Investors now owns 3,514,999 shares of the asset manager’s stock worth $2,853,517,000 after purchasing an additional 1,279,952 shares in the last quarter. Morgan Stanley grew its stake in shares of BlackRock by 3.2% during the third quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager’s stock valued at $2,178,048,000 after purchasing an additional 104,844 shares during the last quarter. Capital International Investors increased its holdings in shares of BlackRock by 2.4% in the fourth quarter. Capital International Investors now owns 2,471,621 shares of the asset manager’s stock valued at $2,006,490,000 after purchasing an additional 58,681 shares in the last quarter. Finally, Norges Bank acquired a new position in BlackRock during the 4th quarter worth $1,812,920,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $930.00 price objective (up from $918.00) on shares of BlackRock in a report on Friday, April 5th. Morgan Stanley lifted their target price on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, UBS Group increased their price target on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $845.42.

Get Our Latest Report on BlackRock

BlackRock Trading Down 0.6 %

NYSE:BLK traded down $4.71 on Friday, reaching $768.69. The company’s stock had a trading volume of 468,160 shares, compared to its average volume of 545,611. The firm has a market cap of $114.23 billion, a PE ratio of 19.53, a PEG ratio of 1.61 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.32 and a current ratio of 5.32. The business’s 50-day moving average price is $780.28 and its two-hundred day moving average price is $788.68. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $845.00.

BlackRock (NYSE:BLKGet Free Report) last posted its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a return on equity of 15.24% and a net margin of 32.26%. BlackRock’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $7.93 EPS. Equities research analysts anticipate that BlackRock, Inc. will post 41.25 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a $5.10 dividend. This represents a $20.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Friday, June 7th. BlackRock’s dividend payout ratio is 51.84%.

Insider Activity

In other news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $807.29, for a total value of $25,008,229.62. Following the sale, the chief executive officer now directly owns 383,168 shares in the company, valued at $309,327,694.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $807.29, for a total value of $25,008,229.62. Following the sale, the chief executive officer now owns 383,168 shares of the company’s stock, valued at $309,327,694.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Wiedman sold 9,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $795.00, for a total value of $7,155,000.00. Following the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at $5,151,600. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

About BlackRock

(Free Report)

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

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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