OneDigital Investment Advisors LLC Raises Stake in BlackRock, Inc. (NYSE:BLK)

OneDigital Investment Advisors LLC increased its position in shares of BlackRock, Inc. (NYSE:BLK) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,749 shares of the asset manager’s stock after acquiring an additional 142 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in BlackRock were worth $2,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new stake in BlackRock during the second quarter worth $31,000. Reston Wealth Management LLC acquired a new stake in BlackRock during the third quarter worth $37,000. MFA Wealth Advisors LLC increased its stake in BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after acquiring an additional 20 shares during the last quarter. Addison Advisors LLC increased its position in shares of BlackRock by 81.5% during the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 22 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of BlackRock in the 3rd quarter valued at approximately $54,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. This trade represents a 64.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.90% of the company’s stock.

BlackRock Trading Up 0.0 %

Shares of NYSE:BLK opened at $1,047.37 on Friday. BlackRock, Inc. has a 52 week low of $708.75 and a 52 week high of $1,068.34. The company’s 50 day moving average is $969.04 and its two-hundred day moving average is $869.97. The company has a market cap of $155.14 billion, a PE ratio of 25.84, a P/E/G ratio of 1.84 and a beta of 1.30. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating the consensus estimate of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. BlackRock’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.91 earnings per share. Equities analysts predict that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Morgan Stanley lifted their price objective on BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. increased their target price on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their target price on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com started coverage on shares of BlackRock in a research report on Wednesday. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,019.62.

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.