Trexquant Investment LP Sells 770 Shares of BlackRock, Inc. (BLK)

Trexquant Investment LP cut its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 55.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 630 shares of the asset manager’s stock after selling 770 shares during the quarter. Trexquant Investment LP’s holdings in BlackRock were worth $282,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Salem Investment Counselors Inc. raised its stake in BlackRock by 14.3% during the second quarter. Salem Investment Counselors Inc. now owns 240 shares of the asset manager’s stock worth $101,000 after purchasing an additional 30 shares during the period. Enterprise Financial Services Corp raised its stake in BlackRock by 52.5% during the second quarter. Enterprise Financial Services Corp now owns 247 shares of the asset manager’s stock worth $104,000 after purchasing an additional 85 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of BlackRock in the 2nd quarter valued at approximately $104,000. Proficio Capital Partners LLC raised its stake in shares of BlackRock by 1.2% in the 2nd quarter. Proficio Capital Partners LLC now owns 262 shares of the asset manager’s stock valued at $111,000 after acquiring an additional 3 shares during the period. Finally, Harfst & Associates Inc. raised its stake in shares of BlackRock by 17.3% in the 2nd quarter. Harfst & Associates Inc. now owns 265 shares of the asset manager’s stock valued at $111,000 after acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

In related news, insider Jeff A. Smith sold 100 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $477.54, for a total value of $47,754.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Mccombe sold 1,000 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $478.99, for a total transaction of $478,990.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,200 shares of company stock valued at $2,599,302. Company insiders own 1.86% of the company’s stock.

BLK has been the topic of a number of research analyst reports. BidaskClub downgraded shares of BlackRock from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Barclays boosted their price target on shares of BlackRock from $475.00 to $500.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. J P Morgan Chase & Co boosted their price target on shares of BlackRock to $558.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Wells Fargo & Company reissued a “market perform” rating and issued a $475.00 price target (up from $450.00) on shares of BlackRock in a research note on Thursday, October 12th. Finally, Credit Suisse Group restated an “outperform” rating on shares of BlackRock in a report on Tuesday, August 29th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. BlackRock presently has a consensus rating of “Buy” and a consensus target price of $489.08.

Shares of BlackRock, Inc. (BLK) traded down $0.30 during trading on Thursday, hitting $511.82. 386,800 shares of the stock traded hands, compared to its average volume of 527,797. BlackRock, Inc. has a fifty-two week low of $365.83 and a fifty-two week high of $516.52. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.89 and a current ratio of 2.89. The firm has a market cap of $82,109.23, a PE ratio of 23.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.81.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.01%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the business posted $5.14 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. analysts expect that BlackRock, Inc. will post 22.3 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Monday, December 4th will be issued a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, December 1st. BlackRock’s payout ratio is 46.82%.

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BlackRock 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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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