Victory Capital Management Inc. boosted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 10.4% during the third quarter, HoldingsChannel reports. The firm owned 9,889 shares of the asset manager’s stock after purchasing an additional 932 shares during the quarter. Victory Capital Management Inc.’s holdings in BlackRock were worth $4,661,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its position in BlackRock by 2.1% during the second quarter. BlackRock Inc. now owns 7,601,685 shares of the asset manager’s stock valued at $3,793,546,000 after purchasing an additional 153,749 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in BlackRock by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 476,036 shares of the asset manager’s stock valued at $237,562,000 after buying an additional 12,785 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in BlackRock by 1.5% in the second quarter. Mawer Investment Management Ltd. now owns 411,071 shares of the asset manager’s stock valued at $205,141,000 after buying an additional 5,981 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in BlackRock by 5.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 380,630 shares of the asset manager’s stock valued at $189,950,000 after buying an additional 21,123 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in BlackRock by 47.4% in the second quarter. Janus Henderson Group PLC now owns 348,987 shares of the asset manager’s stock valued at $174,168,000 after buying an additional 112,221 shares during the last quarter. 80.42% of the stock is currently owned by institutional investors.

In other news, Director William E. Ford acquired 2,000 shares of BlackRock stock in a transaction dated Monday, October 22nd. The stock was purchased at an average cost of $395.21 per share, for a total transaction of $790,420.00. Following the completion of the purchase, the director now directly owns 9,466 shares in the company, valued at approximately $3,741,057.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.75% of the company’s stock.

BLK has been the subject of a number of research analyst reports. Zacks Investment Research cut BlackRock from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Deutsche Bank decreased their price target on BlackRock from $570.00 to $561.00 and set a “buy” rating for the company in a research note on Thursday, August 16th. JPMorgan Chase & Co. increased their price target on BlackRock from $541.00 to $592.00 and gave the company a “buy” rating in a research note on Monday, October 8th. UBS Group decreased their price target on BlackRock from $575.00 to $565.00 and set a “buy” rating for the company in a research note on Monday, October 8th. Finally, Morgan Stanley decreased their price target on BlackRock from $607.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, October 9th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $554.31.

BlackRock stock opened at $402.92 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.07 and a quick ratio of 3.07. BlackRock, Inc. has a one year low of $376.31 and a one year high of $594.52. The stock has a market capitalization of $64.31 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.22 and a beta of 1.54.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, October 16th. The asset manager reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.93 by $0.59. BlackRock had a return on equity of 13.72% and a net margin of 39.92%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the business posted $5.76 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that BlackRock, Inc. will post 27.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Friday, December 7th will be paid a $3.13 dividend. This represents a $12.52 annualized dividend and a dividend yield of 3.11%. BlackRock’s payout ratio is 1.28%.

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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.

Further Reading: Systematic Risk and Investors

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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