Delta Lloyd Asset Management N.V. acquired a new position in BlackRock, Inc. (NYSE:BLK) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,425 shares of the asset manager’s stock, valued at approximately $6,938,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of BlackRock by 2,775.4% during the 1st quarter. BlackRock Inc. now owns 6,541,505 shares of the asset manager’s stock valued at $2,508,733,000 after buying an additional 6,314,004 shares during the period. Harbour Capital Advisors LLC raised its holdings in shares of BlackRock by 38,807.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,203,024 shares of the asset manager’s stock valued at $2,848,000 after buying an additional 1,199,932 shares during the period. UBS Group AG raised its holdings in shares of BlackRock by 40.2% during the 1st quarter. UBS Group AG now owns 1,696,340 shares of the asset manager’s stock valued at $650,563,000 after buying an additional 486,502 shares during the period. Principal Financial Group Inc. raised its holdings in shares of BlackRock by 207.1% during the 2nd quarter. Principal Financial Group Inc. now owns 527,380 shares of the asset manager’s stock valued at $222,771,000 after buying an additional 355,630 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of BlackRock by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 7,794,209 shares of the asset manager’s stock valued at $2,989,157,000 after buying an additional 250,431 shares during the period. Institutional investors own 82.47% of the company’s stock.

BlackRock, Inc. (BLK) opened at 428.72 on Monday. The stock has a 50 day moving average price of $422.13 and a 200 day moving average price of $406.10. BlackRock, Inc. has a 12 month low of $336.84 and a 12 month high of $442.83. The firm has a market cap of $69.54 billion, a price-to-earnings ratio of 20.58 and a beta of 1.71.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Monday, July 17th. The asset manager reported $5.24 EPS for the quarter, missing the consensus estimate of $5.39 by ($0.15). The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.01 billion. BlackRock had a net margin of 29.92% and a return on equity of 11.74%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $4.78 EPS. On average, equities analysts expect that BlackRock, Inc. will post $21.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 5th will be issued a $2.50 dividend. The ex-dividend date is Thursday, August 31st. This represents a $10.00 annualized dividend and a yield of 2.33%. BlackRock’s dividend payout ratio (DPR) is 47.98%.

In other BlackRock news, insider Robert W. Fairbairn sold 3,675 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $415.31, for a total value of $1,526,264.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeff A. Smith sold 522 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $421.52, for a total value of $220,033.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,447 shares of company stock valued at $1,855,015. Insiders own 1.86% of the company’s stock.

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Several equities research analysts recently commented on BLK shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $440.00 target price on shares of BlackRock in a report on Friday, July 14th. Bank of America Corporation reiterated a “buy” rating and set a $450.00 target price on shares of BlackRock in a report on Monday, June 19th. Barclays PLC started coverage on BlackRock in a report on Friday, September 8th. They set an “overweight” rating and a $475.00 target price on the stock. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “buy” rating and set a $480.00 target price on the stock in a report on Tuesday, June 20th. Finally, Deutsche Bank AG raised their target price on BlackRock from $447.00 to $449.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $449.08.

BlackRock Company Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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