TD Asset Management Inc. grew its holdings in BlackRock, Inc. (NYSE:BLK) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 449,827 shares of the asset manager’s stock after purchasing an additional 6,394 shares during the quarter. TD Asset Management Inc. owned approximately 0.28% of BlackRock worth $201,113,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Aperio Group LLC boosted its stake in BlackRock by 8.6% during the 3rd quarter. Aperio Group LLC now owns 68,737 shares of the asset manager’s stock worth $30,732,000 after acquiring an additional 5,451 shares during the last quarter. Everett Harris & Co. CA raised its holdings in BlackRock by 9.2% during the 2nd quarter. Everett Harris & Co. CA now owns 100,143 shares of the asset manager’s stock worth $42,301,000 after buying an additional 8,478 shares during the period. Canada Pension Plan Investment Board raised its holdings in BlackRock by 48.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 101,703 shares of the asset manager’s stock worth $42,960,000 after buying an additional 33,400 shares during the period. Honkamp Krueger Financial Services Inc. acquired a new stake in BlackRock during the 3rd quarter worth approximately $222,000. Finally, Blue Chip Partners Inc. raised its holdings in BlackRock by 8.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 13,440 shares of the asset manager’s stock worth $5,677,000 after buying an additional 1,055 shares during the period. 82.13% of the stock is currently owned by institutional investors.
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BlackRock, Inc. (NYSE:BLK) opened at $478.94 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09. BlackRock, Inc. has a 52-week low of $365.83 and a 52-week high of $489.79. The company has a market cap of $76,789.41, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.79.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Monday, December 4th will be given a dividend of $2.50 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $10.00 dividend on an annualized basis and a yield of 2.09%. BlackRock’s dividend payout ratio (DPR) is 46.82%.
Several analysts have commented on the stock. Credit Suisse Group restated an “outperform” rating on shares of BlackRock in a report on Thursday, October 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $465.00 price objective on shares of BlackRock in a report on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $500.00 price objective on shares of BlackRock in a report on Thursday, October 12th. J P Morgan Chase & Co lifted their price objective on shares of BlackRock to $558.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $475.00 price objective (up from $450.00) on shares of BlackRock in a report on Thursday, October 12th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $489.08.
In other news, insider Robert W. Fairbairn sold 3,675 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $415.31, for a total value of $1,526,264.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Mccombe sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $478.99, for a total transaction of $478,990.00. The disclosure for this sale can be found here. In the last three months, insiders sold 4,875 shares of company stock valued at $2,101,166. 1.86% of the stock is currently owned by company insiders.
BlackRock Company Profile
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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