Mn Services Vermogensbeheer B.V. Has $57.69 Million Stock Holdings in BlackRock $BLK

Key Points

• Mn Services Vermogensbeheer B.V. has increased its stake in BlackRock by 500 shares, raising its total ownership to 54,986 shares, valued at approximately $57.7 million.
• Recent transactions indicate a trend among large investors, with several firms significantly boosting their holdings in BlackRock as institutional ownership now sits at 80.69%.
• BlackRock reported earnings of $12.05 per share for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $5.21 per share, set to be paid on September 23rd.

Mn Services Vermogensbeheer B.V. grew its position in shares of BlackRock (NYSE:BLK - Free Report) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,986 shares of the asset manager's stock after buying an additional 500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in BlackRock were worth $57,694,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. McLean Asset Management Corp lifted its holdings in BlackRock by 3.9% during the 2nd quarter. McLean Asset Management Corp now owns 266 shares of the asset manager's stock worth $285,000 after buying an additional 10 shares during the last quarter. Trust Co. of Oklahoma lifted its holdings in BlackRock by 0.5% during the 2nd quarter. Trust Co. of Oklahoma now owns 2,023 shares of the asset manager's stock worth $2,123,000 after buying an additional 10 shares during the last quarter. Detalus Advisors LLC lifted its holdings in BlackRock by 2.8% during the 1st quarter. Detalus Advisors LLC now owns 409 shares of the asset manager's stock worth $387,000 after buying an additional 11 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in BlackRock by 20.4% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 65 shares of the asset manager's stock worth $62,000 after buying an additional 11 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in BlackRock by 1.8% during the 2nd quarter. Focus Financial Network Inc. now owns 619 shares of the asset manager's stock worth $650,000 after buying an additional 11 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on BLK. Barclays increased their target price on BlackRock from $990.00 to $1,220.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Wells Fargo & Company cut their price target on BlackRock from $1,180.00 to $1,170.00 and set an "overweight" rating on the stock in a report on Wednesday, July 16th. Jefferies Financial Group raised their price target on BlackRock from $959.00 to $1,210.00 in a report on Thursday, July 10th. JPMorgan Chase & Co. raised their price target on BlackRock from $1,018.00 to $1,093.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Finally, UBS Group reissued a "neutral" rating and issued a $980.00 price target on shares of BlackRock in a report on Tuesday, July 8th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,154.07.

BlackRock Stock Performance

BLK traded down $6.98 during trading hours on Monday, hitting $1,135.87. The company's stock had a trading volume of 366,005 shares, compared to its average volume of 499,193. 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 firm has a market capitalization of $175.89 billion, a PE ratio of 27.46, a PEG ratio of 2.19 and a beta of 1.45. The company has a 50-day simple moving average of $1,120.31 and a 200 day simple moving average of $1,014.87.

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

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be given a dividend of $5.21 per share. The ex-dividend date is Friday, September 5th. This represents a $20.84 annualized dividend and a dividend yield of 1.8%. BlackRock's dividend payout ratio (DPR) is 50.39%.

Insider Transactions at BlackRock

In other news, Director Fabrizio Freda sold 4,434 shares of BlackRock stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $1,122.81, for a total transaction of $4,978,539.54. Following the transaction, the director directly owned 3,506 shares in the company, valued at approximately $3,936,571.86. This trade represents a 55.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rachel Lord sold 18,036 shares of BlackRock stock in a transaction on Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the transaction, the director owned 19,205 shares in the company, valued at approximately $21,617,148. This trade represents a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,494 shares of company stock valued at $74,694,573 in the last quarter. Company insiders own 1.98% of the company's stock.

About BlackRock

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.