Vanguard Personalized Indexing Management LLC Has $23.12 Million Stake in BlackRock $BLK

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of BlackRock (NYSE:BLK) by 12.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 21,989 shares of the asset manager’s stock after acquiring an additional 2,357 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in BlackRock were worth $23,123,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BLK. Fairway Wealth LLC grew its position in shares of BlackRock by 76.5% during the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock worth $28,000 after buying an additional 13 shares during the period. Game Plan Financial Advisors LLC increased its stake in BlackRock by 100.0% in the first quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 15 shares in the last quarter. Garde Capital Inc. increased its stake in BlackRock by 200.0% in the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 18 shares in the last quarter. Cheviot Value Management LLC bought a new stake in BlackRock in the first quarter valued at approximately $30,000. Finally, MorganRosel Wealth Management LLC bought a new stake in BlackRock in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In related news, CEO Laurence Fink sold 14,828 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $1,122.28, for a total transaction of $16,641,167.84. Following the transaction, the chief executive officer directly owned 263,751 shares of the company’s stock, valued at approximately $296,002,472.28. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rachel Lord sold 18,036 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total transaction of $20,301,321.60. Following the transaction, the director directly owned 19,205 shares in the company, valued at approximately $21,617,148. This represents a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,494 shares of company stock valued at $74,694,573 in the last three months. 1.98% of the stock is owned by insiders.

Analyst Ratings Changes

BLK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of BlackRock from $1,247.00 to $1,224.00 and set an “outperform” rating for the company in a research note on Wednesday, July 16th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of BlackRock in a research note on Tuesday, July 8th. The Goldman Sachs Group upped their target price on shares of BlackRock from $1,163.00 to $1,312.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. BNP Paribas Exane upped their target price on shares of BlackRock from $1,160.00 to $1,265.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of BlackRock from $1,221.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,258.56.

BlackRock Price Performance

Shares of BLK opened at $1,132.12 on Friday. The firm has a market capitalization of $175.31 billion, a PE ratio of 27.37, a PEG ratio of 2.15 and a beta of 1.45. The company’s 50-day moving average is $1,134.85 and its 200-day moving average is $1,035.09. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,184.13. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 earnings per share for the quarter, beating the consensus estimate of $10.41 by $1.64. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.40 billion. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The company’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $10.36 earnings per share. Equities analysts forecast that BlackRock will post 47.41 EPS for the current year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 5th were given a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 5th. BlackRock’s dividend payout ratio (DPR) is currently 50.39%.

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.