Vontobel Holding Ltd. Has $64.56 Million Position in BlackRock, Inc. (NYSE:BLK)

Vontobel Holding Ltd. reduced its position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,996 shares of the asset manager's stock after selling 6,676 shares during the quarter. Vontobel Holding Ltd.'s holdings in BlackRock were worth $64,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new position in shares of BlackRock in the first quarter valued at $27,000. Fairscale Capital LLC purchased a new stake in shares of BlackRock during the second quarter valued at $31,000. Chilton Capital Management LLC acquired a new position in shares of BlackRock in the 1st quarter valued at $38,000. Olistico Wealth LLC purchased a new position in BlackRock in the 2nd quarter worth about $53,000. Finally, ORG Partners LLC raised its holdings in BlackRock by 257.9% during the 2nd quarter. ORG Partners LLC now owns 68 shares of the asset manager's stock worth $54,000 after buying an additional 49 shares during the period. Institutional investors own 80.69% of the company's stock.

BlackRock Stock Up 0.9 %

Shares of BLK stock traded up $8.75 on Wednesday, hitting $1,015.75. The company's stock had a trading volume of 544,850 shares, compared to its average volume of 577,669. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a market capitalization of $150.94 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 1.94 and a beta of 1.30. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $1,019.22. The firm's fifty day moving average price is $905.97 and its 200-day moving average price is $833.68.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating analysts' consensus estimates of $10.42 by $1.04. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The firm's revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $10.91 EPS. Research analysts anticipate that BlackRock, Inc. will post 41.73 EPS for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were paid a $5.10 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a yield of 2.01%. BlackRock's payout ratio is presently 51.84%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Barclays raised their target price on BlackRock from $1,010.00 to $1,120.00 and gave the stock an "overweight" rating in a research report on Monday. TD Cowen upped their price target on BlackRock from $960.00 to $1,077.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their price objective on BlackRock from $774.00 to $864.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $991.46.

Insiders Place Their Bets

In other news, Director Mark Wiedman sold 12,000 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the sale, the director now directly owns 6,480 shares of the company's stock, valued at approximately $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Pamela Daley sold 1,531 shares of the business's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the transaction, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Wiedman sold 12,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the sale, the director now owns 6,480 shares of the company's stock, valued at approximately $5,832,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,042 shares of company stock valued at $56,857,777 in the last quarter. Insiders own 0.90% of the company's stock.

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.