TD Asset Management Inc Sells 36,442 Shares of Block, Inc. $XYZ

TD Asset Management Inc decreased its position in Block, Inc. (NYSE:XYZ) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 430,072 shares of the technology company’s stock after selling 36,442 shares during the quarter. TD Asset Management Inc’s holdings in Block were worth $27,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in XYZ. Vanguard Group Inc. increased its stake in Block by 23.1% in the 3rd quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock worth $4,887,366,000 after acquiring an additional 12,709,824 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Block during the second quarter valued at $535,305,000. Norges Bank purchased a new position in shares of Block in the 4th quarter worth $484,387,000. Capital World Investors grew its stake in shares of Block by 192.7% in the 3rd quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock worth $816,378,000 after buying an additional 7,436,380 shares in the last quarter. Finally, Viking Global Investors LP bought a new stake in shares of Block in the 2nd quarter worth about $368,213,000. Institutional investors own 70.44% of the company’s stock.

Insider Activity

In other Block news, Director Anthony Mathew Eisen sold 135,750 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $76.81, for a total value of $10,426,957.50. Following the transaction, the director directly owned 2,032,990 shares in the company, valued at $156,153,961.90. This represents a 6.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amrita Ahuja sold 30,919 shares of Block stock in a transaction that occurred on 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 of the company’s stock, valued at $37,561,200. This represents a 5.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 181,680 shares of company stock valued at $13,774,881. Insiders own 11.37% of the company’s stock.

Wall Street Analysts Forecast Growth

XYZ has been the topic of several recent research reports. Oppenheimer restated an “outperform” rating and set a $91.00 target price on shares of Block in a research report on Friday, May 8th. The Goldman Sachs Group restated a “buy” rating on shares of Block in a research report on Friday, May 8th. Weiss Ratings upgraded Block from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Truist Financial boosted their target price on Block from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Citigroup increased their price target on Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Block presently has an average rating of “Moderate Buy” and a consensus target price of $85.12.

Block Stock Up 0.2%

Shares of NYSE XYZ opened at $68.25 on Monday. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $82.50. The firm has a 50-day simple moving average of $68.17 and a two-hundred day simple moving average of $64.09. The company has a market cap of $40.62 billion, a P/E ratio of 53.32, a PEG ratio of 0.88 and a beta of 2.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.

Block (NYSE:XYZ) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm had revenue of $6.06 billion for the quarter. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Research analysts anticipate that Block, Inc. will post 2.42 earnings per share for the current year.

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.