Vinva Investment Management Ltd Has $5.78 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Vinva Investment Management Ltd grew its stake in BlackRock, Inc. (NYSE:BLK) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,118 shares of the asset manager’s stock after purchasing an additional 85 shares during the period. Vinva Investment Management Ltd’s holdings in BlackRock were worth $5,783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BLK. Pathway Financial Advisers LLC lifted its position in shares of BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after acquiring an additional 1,044,962 shares during the period. International Assets Investment Management LLC increased its holdings in 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 valued at $7,526,120,000 after buying an additional 791,874 shares during the period. FMR LLC raised its stake in shares of BlackRock by 10.6% in the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock valued at $2,244,608,000 after buying an additional 226,135 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of BlackRock during the 3rd quarter valued at about $115,377,000. Finally, Sarasin & Partners LLP increased its stake in BlackRock by 174.8% in the second quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock valued at $145,096,000 after acquiring an additional 117,218 shares during the period. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Down 0.7 %

NYSE:BLK opened at $1,019.45 on Thursday. 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, Inc. has a 12-month low of $725.86 and a 12-month high of $1,068.34. The stock’s fifty day simple moving average is $991.35 and its 200-day simple moving average is $885.16. The firm has a market capitalization of $157.89 billion, a P/E ratio of 25.16, a P/E/G ratio of 1.84 and a beta of 1.30.

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

BlackRock Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the sale, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. The trade was a 64.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BLK. Evercore ISI increased their target price on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. StockNews.com assumed coverage on shares of BlackRock in a research note on Thursday, November 21st. They issued a “hold” rating for the company. The Goldman Sachs Group raised their price target on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,019.62.

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.