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Madison Asset Management LLC Sells 3,317 Shares of BlackRock $BLK
Madison Asset Management LLC reduced its stake in BlackRock (NYSE:BLK) by 8.9% in the third quarter, selling 3,317 shares and retaining 33,829 shares valued at $39.44 million. BlackRock recently increased its quarterly dividend by approximately 10% to $5.73 per share. This news follows significant insider selling and shows a “Moderate Buy” consensus rating from analysts with an average target price of $1,311.11.