Sumitomo Mitsui DS Asset Management Company Ltd Has $20.69 Million Holdings in BlackRock $BLK

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in BlackRock by 4.5%, owning 19,717 shares worth approximately $20.69 million as of the latest SEC filing.
• BlackRock's quarterly earnings surpassed expectations, reporting $12.05 EPS against a consensus estimate of $10.41 EPS, with a significant 12.9% year-over-year increase in revenue.
• The company announced a quarterly dividend of $5.21 per share, representing an annual yield of 1.8% and a payout ratio of 50.39%.

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 4.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 19,717 shares of the asset manager's stock after acquiring an additional 843 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in BlackRock were worth $20,688,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BLK. Brighton Jones LLC increased its position in shares of BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager's stock valued at $1,615,000 after buying an additional 296 shares in the last quarter. Bison Wealth LLC increased its position in shares of BlackRock by 1.6% in the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager's stock valued at $1,078,000 after buying an additional 17 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of BlackRock in the 4th quarter valued at $3,263,000. Vident Advisory LLC increased its position in shares of BlackRock by 13.9% in the 4th quarter. Vident Advisory LLC now owns 1,854 shares of the asset manager's stock valued at $1,901,000 after buying an additional 226 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of BlackRock in the 4th quarter valued at $3,690,000. Institutional investors and hedge funds own 80.69% of the company's stock.

BlackRock Stock Down 0.6%

Shares of BlackRock stock traded down $6.98 during trading hours on Monday, reaching $1,135.87. 366,005 shares of the company's stock were exchanged, compared to its average volume of 499,193. The company has a 50 day moving average of $1,120.31 and a two-hundred day moving average of $1,014.87. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,171.89. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The stock has a market cap of $175.89 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.19 and a beta of 1.45.

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

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be issued a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, September 5th. BlackRock's dividend payout ratio is presently 50.39%.

Analyst Upgrades and Downgrades

BLK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of BlackRock from $1,018.00 to $1,093.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Bank of America upped their price objective on shares of BlackRock from $1,214.00 to $1,224.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Argus reaffirmed a "buy" rating on shares of BlackRock in a research note on Tuesday, July 8th. Evercore ISI upped their target price on shares of BlackRock from $1,170.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $1,115.00 target price on shares of BlackRock in a research note on Tuesday, July 8th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, BlackRock currently has an average rating of "Moderate Buy" and a consensus price target of $1,154.07.

Insider Activity

In other news, CEO Laurence Fink sold 12,054 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.43, for a total value of $13,565,933.22. Following the sale, the chief executive officer directly owned 251,697 shares of the company's stock, valued at approximately $283,267,354.71. This represents a 4.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rachel Lord sold 18,036 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total transaction of $20,301,321.60. Following the completion of the sale, the director directly owned 19,205 shares in the company, valued at approximately $21,617,148. The trade was 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 90 days. 1.98% of the stock is owned by company insiders.

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.