Banco Santander S.A. Has $7.67 Million Stake in BlackRock, Inc. (NYSE:BLK)

Banco Santander S.A. increased its position in shares of BlackRock, Inc. (NYSE:BLKGet Rating) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,035 shares of the asset manager’s stock after purchasing an additional 930 shares during the period. Banco Santander S.A.’s holdings in BlackRock were worth $7,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BLK. CWM LLC bought a new stake in shares of BlackRock in the fourth quarter valued at approximately $1,492,000. Qube Research & Technologies Ltd lifted its position in shares of BlackRock by 250.8% during the 4th quarter. Qube Research & Technologies Ltd now owns 46,652 shares of the asset manager’s stock valued at $42,713,000 after acquiring an additional 33,353 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of BlackRock during the 4th quarter worth $45,000. Mount Yale Investment Advisors LLC increased its position in shares of BlackRock by 6.1% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 313 shares of the asset manager’s stock worth $287,000 after purchasing an additional 18 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in BlackRock by 2.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 13,527 shares of the asset manager’s stock valued at $12,385,000 after purchasing an additional 328 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on BLK. Deutsche Bank Aktiengesellschaft decreased their target price on shares of BlackRock from $747.00 to $725.00 in a report on Wednesday, July 13th. UBS Group lowered their price objective on shares of BlackRock from $825.00 to $718.00 in a research report on Monday, July 11th. BMO Capital Markets reduced their target price on BlackRock from $755.00 to $734.00 and set a “market perform” rating on the stock in a report on Thursday, April 14th. Keefe, Bruyette & Woods lowered their price target on BlackRock from $719.00 to $675.00 and set a “market perform” rating for the company in a report on Tuesday, June 28th. Finally, The Goldman Sachs Group reduced their price objective on BlackRock from $830.00 to $710.00 and set a “buy” rating on the stock in a research note on Wednesday, June 29th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus price target of $794.08.

Insider Activity at BlackRock

In other BlackRock news, President Robert Kapito sold 37,588 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $632.88, for a total transaction of $23,788,693.44. Following the completion of the sale, the president now owns 226,680 shares of the company’s stock, valued at approximately $143,461,238.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other BlackRock news, CEO Laurence Fink sold 44,500 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $684.61, for a total transaction of $30,465,145.00. Following the completion of the sale, the chief executive officer now owns 563,771 shares of the company’s stock, valued at approximately $385,963,264.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Robert Kapito sold 37,588 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $632.88, for a total transaction of $23,788,693.44. Following the sale, the president now directly owns 226,680 shares of the company’s stock, valued at approximately $143,461,238.40. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by company insiders.

BlackRock Stock Down 0.0 %

Shares of NYSE BLK opened at $695.93 on Friday. BlackRock, Inc. has a 1 year low of $575.60 and a 1 year high of $973.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.33 and a quick ratio of 4.33. The firm has a market cap of $105.43 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 3.65 and a beta of 1.25. The company has a 50 day simple moving average of $633.39 and a 200 day simple moving average of $687.70.

BlackRock (NYSE:BLKGet Rating) last issued its quarterly earnings results on Friday, July 15th. The asset manager reported $7.36 EPS for the quarter, missing analysts’ consensus estimates of $7.94 by ($0.58). The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.53 billion. BlackRock had a return on equity of 15.72% and a net margin of 30.12%. BlackRock’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $10.03 EPS. On average, research analysts forecast that BlackRock, Inc. will post 33.91 EPS for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Wednesday, September 7th will be paid a $4.88 dividend. This represents a $19.52 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Tuesday, September 6th. BlackRock’s dividend payout ratio is currently 51.46%.

BlackRock Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLKGet Rating).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.