Securian Asset Management Inc. Trims Stock Holdings in Block, Inc. $XYZ

Securian Asset Management Inc. decreased its position in Block, Inc. (NYSE:XYZ) by 43.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC bought a new position in shares of Block in the 3rd quarter worth about $28,000. Sound Income Strategies LLC boosted its stake in Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after acquiring an additional 161 shares in the last quarter. Quent Capital LLC bought a new stake in Block during the third quarter worth about $30,000. RMG Wealth Management LLC purchased a new stake in Block in the third quarter worth about $30,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Block in the third quarter worth about $30,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Block Price Performance

Shares of XYZ opened at $69.87 on Thursday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $82.50. The company has a market capitalization of $41.86 billion, a P/E ratio of 54.59, a price-to-earnings-growth ratio of 1.01 and a beta of 2.57. The firm has a 50 day moving average of $65.10 and a 200 day moving average of $64.06. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.06 billion for the quarter. During the same period last year, the company posted $0.56 earnings per share. The business’s 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. As a group, equities research analysts anticipate that Block, Inc. will post 2.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Amrita Ahuja sold 30,919 shares of Block stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total value of $2,318,925.00. Following the completion of the sale, the chief financial officer directly owned 500,816 shares in the company, valued at approximately $37,561,200. This trade represents a 5.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 10,349 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $50.00, for a total value of $517,450.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 49,725 shares of company stock valued at $3,401,393. Company insiders own 11.37% of the company’s stock.

Analysts Set New Price Targets

XYZ has been the subject of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and set a $90.00 target price on shares of Block in a research note on Friday, May 8th. HSBC raised Block from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $77.00 in a research report on Tuesday, March 3rd. TD Cowen lifted their price objective on Block from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Truist Financial boosted their target price on Block from $77.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Zacks Research raised Block from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Block has an average rating of “Moderate Buy” and a consensus price target of $84.51.

About Block

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.