The company spent about $229 million to repurchase 4.5 million shares of its common stock in the quarter, raising its buybacks this year to 8.5 million shares.
BlackRock Inc., the world's biggest money manager, said Oct. 19 that third-quarter profit climbed 8 percent to $595 million even as investors withdrew $10.2 billion from the New York-based company. Janus Capital Group Inc., based in Denver, said Oct. 20 that net income fell 16 percent to $27.4 million while recording its ninth straight quarter of redemptions as investors withdrew $2.3 billion.