UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $207.38 Million Stake in BlackRock, Inc. (NYSE:BLK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of BlackRock, Inc. (NYSE:BLK) by 79.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,405 shares of the asset manager’s stock after selling 851,755 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of BlackRock worth $207,378,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BLK. Pathway Financial Advisers LLC raised 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 in the last quarter. International Assets Investment Management LLC increased its holdings in BlackRock by 104,468.9% in the third quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after purchasing an additional 791,874 shares in the last quarter. FMR LLC lifted its stake in BlackRock by 10.6% in the third 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 during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of BlackRock during the 3rd quarter worth approximately $115,377,000. Finally, Sarasin & Partners LLP grew its position in shares of BlackRock by 174.8% during the 2nd quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock worth $145,096,000 after buying an additional 117,218 shares during the period. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BLK shares. Morgan Stanley increased their target price on shares of BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised 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. TD Cowen upped their price target on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price objective on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Evercore ISI upped their target price on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,019.62.

BlackRock Stock Performance

Shares of BLK stock opened at $1,022.80 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a 50-day moving average of $994.93 and a 200-day moving average of $888.30. BlackRock, Inc. has a one year low of $742.22 and a one year high of $1,068.34. The company has a market cap of $158.41 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.82 and a beta of 1.30.

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

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Thursday, December 5th will be issued a dividend of $5.10 per share. 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 1.99%. BlackRock’s dividend payout ratio (DPR) is currently 50.35%.

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.