Nomura Holdings Inc. Increases Position in BlackRock $BLK

Key Points

• Nomura Holdings Inc. significantly increased its stake in BlackRock by 911.9% in the first quarter, owning 7,063 shares valued at approximately $6.69 million.
• BlackRock reported $12.05 earnings per share for its recent quarter, surpassing estimates, and had a revenue of $5.42 billion.
• The company declared a quarterly dividend of $5.21 per share for its investors, reflecting an annualized yield of 1.8%.

Nomura Holdings Inc. boosted its position in shares of BlackRock (NYSE:BLK - Free Report) by 911.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,063 shares of the asset manager's stock after purchasing an additional 6,365 shares during the quarter. Nomura Holdings Inc.'s holdings in BlackRock were worth $6,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Saudi Central Bank bought a new stake in BlackRock during the 1st quarter valued at $55,000. Titleist Asset Management LLC boosted its position in BlackRock by 42.3% during the 1st quarter. Titleist Asset Management LLC now owns 444 shares of the asset manager's stock valued at $420,000 after acquiring an additional 132 shares in the last quarter. Vident Advisory LLC boosted its position in BlackRock by 60.3% during the 1st quarter. Vident Advisory LLC now owns 2,972 shares of the asset manager's stock valued at $2,813,000 after acquiring an additional 1,118 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in BlackRock during the 1st quarter valued at $95,000. Finally, Canada Pension Plan Investment Board boosted its position in BlackRock by 25.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 183,814 shares of the asset manager's stock valued at $173,976,000 after acquiring an additional 37,759 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Stock Performance

Shares of NYSE BLK traded down $9.55 during trading on Friday, reaching $1,099.21. 487,573 shares of the company traded hands, compared to its average volume of 446,742. The firm's fifty day simple moving average is $1,110.95 and its 200 day simple moving average is $1,002.11. The stock has a market cap of $170.21 billion, a P/E ratio of 26.58, a PEG ratio of 2.12 and a beta of 1.45. BlackRock has a 12-month low of $773.74 and a 12-month 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.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 earnings per share for the quarter, beating analysts' consensus estimates of $10.41 by $1.64. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.40 billion. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The company's revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $10.36 EPS. As a group, research analysts anticipate that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be paid a dividend of $5.21 per share. The ex-dividend date is Friday, September 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.9%. BlackRock's dividend payout ratio (DPR) is presently 50.39%.

Insider Buying and Selling

In other BlackRock news, CEO Laurence Fink sold 14,828 shares of BlackRock stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $1,122.28, for a total transaction of $16,641,167.84. Following the completion of the transaction, the chief executive officer owned 263,751 shares in the company, valued at approximately $296,002,472.28. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rachel Lord sold 18,036 shares of BlackRock stock in a transaction dated 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 completion of the transaction, the director owned 19,205 shares of the company's stock, valued at approximately $21,617,148. This represents a 48.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,494 shares of company stock worth $74,694,573. Corporate insiders own 1.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BLK. Zacks Research cut BlackRock from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Telsey Advisory Group reissued an "outperform" rating on shares of BlackRock in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on BlackRock from $1,018.00 to $1,093.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Evercore ISI raised their price objective on BlackRock from $1,170.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Wells Fargo & Company lowered their price target on BlackRock from $1,180.00 to $1,170.00 and set an "overweight" rating for the company in a research report on Wednesday, July 16th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,154.07.

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.