Robeco Institutional Asset Management B.V. Has $19.87 Million Holdings in BlackRock $BLK

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in BlackRock by 50%, now holding shares worth approximately $19.87 million.
• Insider sales include CEO Laurence Fink selling 12,054 shares, reducing his ownership by 4.57%, while Director J. Richard Kushel sold 17,142 shares, marking a 21.83% decrease in his holdings.
• Analysts have varied ratings on BlackRock, with one maintaining a Strong Buy rating, while others have shifted price targets significantly in recent reports.

Robeco Institutional Asset Management B.V. decreased its stake in shares of BlackRock (NYSE:BLK - Free Report) by 50.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,937 shares of the asset manager's stock after selling 18,918 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in BlackRock were worth $19,870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of BlackRock by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 13,764,072 shares of the asset manager's stock valued at $13,027,419,000 after buying an additional 387,466 shares during the period. Royal Bank of Canada grew its stake in BlackRock by 73.2% in the first quarter. Royal Bank of Canada now owns 1,313,350 shares of the asset manager's stock valued at $1,243,059,000 after acquiring an additional 555,098 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in BlackRock by 10.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,206,935 shares of the asset manager's stock valued at $1,142,340,000 after acquiring an additional 111,694 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of BlackRock by 32.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,131,919 shares of the asset manager's stock valued at $1,071,339,000 after acquiring an additional 279,336 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of BlackRock by 13.2% during the first quarter. Invesco Ltd. now owns 932,899 shares of the asset manager's stock worth $882,970,000 after purchasing an additional 108,473 shares during the period. Institutional investors and hedge funds own 80.69% of the company's stock.

Insiders Place Their Bets

In other BlackRock news, CEO Laurence Fink sold 12,054 shares of BlackRock 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 owned 251,697 shares of the company's stock, valued at approximately $283,267,354.71. The trade was a 4.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director J. Richard Kushel sold 17,142 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $1,120.50, for a total transaction of $19,207,611.00. Following the transaction, the director directly owned 61,369 shares of the company's stock, valued at $68,763,964.50. This represents a 21.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,494 shares of company stock valued at $74,694,573. 1.98% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BLK has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of BlackRock from $1,093.00 to $1,242.00 and gave the company a "neutral" rating in a report on Thursday. Zacks Research downgraded shares of BlackRock from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Barclays raised their price target on shares of BlackRock from $990.00 to $1,220.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Citigroup boosted their price objective on BlackRock from $1,200.00 to $1,350.00 and gave the stock a "buy" rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,213.67.

BlackRock Trading Up 0.0%

Shares of BLK stock opened at $1,160.75 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. The company has a market capitalization of $179.74 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.22 and a beta of 1.45. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,183.50. The company has a 50-day simple moving average of $1,129.67 and a two-hundred day simple moving average of $1,028.18.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share for the quarter, topping analysts' consensus estimates of $10.41 by $1.64. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.36 EPS. Research analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

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

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.

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