Hantz Financial Services Inc. Reduces Stake in BlackRock, Inc. (NYSE:BLK)

Hantz Financial Services Inc. cut its position in BlackRock, Inc. (NYSE:BLK) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,664 shares of the asset manager’s stock after selling 466 shares during the quarter. Hantz Financial Services Inc.’s holdings in BlackRock were worth $10,126,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BLK. Pathway Financial Advisers LLC boosted its position in shares of BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after purchasing an additional 1,044,962 shares during the period. International Assets Investment Management LLC lifted its position in BlackRock by 104,468.9% during the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after acquiring an additional 791,874 shares during the period. FMR LLC lifted its position in BlackRock by 10.6% during the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after acquiring an additional 226,135 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in BlackRock during the 3rd quarter worth approximately $115,377,000. Finally, Sarasin & Partners LLP lifted its position in BlackRock by 174.8% during the 2nd quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock worth $145,096,000 after acquiring an additional 117,218 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com started coverage on BlackRock in a report on Friday. They issued a “hold” rating for the company. JPMorgan Chase & Co. raised their price target on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Evercore ISI raised their price target on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, TD Cowen raised their price objective on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and a consensus target price of $1,019.62.

BlackRock Stock Performance

BlackRock stock opened at $1,019.45 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a fifty day moving average of $993.05 and a two-hundred day moving average of $886.09. The company has a market capitalization of $157.89 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.84 and a beta of 1.30. BlackRock, Inc. has a fifty-two week low of $725.86 and a fifty-two week high of $1,068.34.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.91 earnings per share. On average, analysts anticipate that BlackRock, Inc. will post 43.17 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th will be given a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, December 5th. BlackRock’s dividend payout ratio is currently 50.35%.

BlackRock 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.