Securian Asset Management Inc. Lowers Stock Position in Block, Inc. $XYZ

Securian Asset Management Inc. cut its stake in shares of Block, Inc. (NYSE:XYZ) by 43.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,892 shares of the technology company’s stock after selling 11,649 shares during the quarter. Securian Asset Management Inc.’s holdings in Block were worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of XYZ. Nwam LLC increased its holdings in shares of Block by 7.5% in the 4th quarter. Nwam LLC now owns 16,751 shares of the technology company’s stock worth $1,091,000 after buying an additional 1,166 shares during the last quarter. NewEdge Wealth LLC lifted its holdings in shares of Block by 25.1% during the 4th quarter. NewEdge Wealth LLC now owns 14,019 shares of the technology company’s stock worth $912,000 after acquiring an additional 2,810 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Block by 145.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,392 shares of the technology company’s stock worth $742,000 after acquiring an additional 6,746 shares during the last quarter. MGO One Seven LLC grew its position in Block by 47.1% in the fourth quarter. MGO One Seven LLC now owns 6,941 shares of the technology company’s stock worth $452,000 after acquiring an additional 2,221 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Block by 20.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 13,416 shares of the technology company’s stock worth $873,000 after acquiring an additional 2,320 shares in the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Insider Activity at Block

In other news, insider Brian Grassadonia sold 10,349 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $50.00, for a total value of $517,450.00. Following the completion of the sale, the insider directly owned 503,784 shares of the company’s stock, valued at approximately $25,189,200. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Amrita Ahuja sold 30,919 shares of Block stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the sale, the chief financial officer directly owned 500,816 shares in the company, valued at $37,561,200. The trade was a 5.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 49,725 shares of company stock valued at $3,401,393 over the last quarter. Company insiders own 11.37% of the company’s stock.

Block Price Performance

Shares of XYZ stock opened at $69.87 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $82.50. The firm has a market cap of $41.86 billion, a P/E ratio of 54.59, a P/E/G ratio of 1.01 and a beta of 2.57. The business’s 50 day moving average price is $65.10 and its 200-day moving average price is $64.06.

Block (NYSE:XYZ) last announced its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The company had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.Block’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, equities research analysts anticipate that Block, Inc. will post 2.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

XYZ has been the subject of several research analyst reports. TD Cowen lifted their price target on Block from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Arete Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. BMO Capital Markets started coverage on Block in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $74.00 target price for the company. Cantor Fitzgerald upped their target price on Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Loop Capital started coverage on shares of Block in a research report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price target on the stock. Four research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Block has a consensus rating of “Moderate Buy” and an average target price of $84.51.

Block Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.