BlackRock, Inc. (NYSE:BLK) Shares Acquired by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC boosted its stake in BlackRock, Inc. (NYSE:BLK) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 722 shares of the asset manager’s stock after acquiring an additional 20 shares during the period. Capital Advisors Ltd. LLC’s holdings in BlackRock were worth $685,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Axxcess Wealth Management LLC grew its position in BlackRock by 35.8% in the 1st quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager’s stock valued at $3,945,000 after buying an additional 1,248 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in BlackRock by 3.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 387,202 shares of the asset manager’s stock valued at $322,810,000 after purchasing an additional 14,477 shares during the period. Oak Harvest Investment Services purchased a new stake in BlackRock in the 1st quarter valued at approximately $6,735,000. Cetera Investment Advisers increased its position in BlackRock by 219.5% during the 1st quarter. Cetera Investment Advisers now owns 44,065 shares of the asset manager’s stock worth $36,737,000 after purchasing an additional 30,274 shares during the period. Finally, M&G Plc purchased a new position in shares of BlackRock during the 1st quarter worth approximately $161,918,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other BlackRock news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares in the company, valued at $4,826,802.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the transaction, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,042 shares of company stock valued at $56,857,777 over the last quarter. Company insiders own 0.90% of the company’s stock.

BlackRock Stock Down 1.0 %

Shares of NYSE:BLK opened at $974.07 on Friday. The company has a market capitalization of $144.75 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.94 and a beta of 1.30. The stock’s fifty day simple moving average is $928.50 and its 200-day simple moving average is $844.05. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $1,032.00. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.42 by $1.04. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $10.91 EPS. As a group, equities research analysts forecast that BlackRock, Inc. will post 41.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLK. JPMorgan Chase & Co. upped their price objective on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. UBS Group cut their price target on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Barclays boosted their price objective on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Citigroup increased their target price on shares of BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, Evercore ISI boosted their price target on BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $995.31.

About BlackRock

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.