Schear Investment Advisers LLC Has $780,000 Stock Position in BlackRock, Inc. (NYSE:BLK)

Schear Investment Advisers LLC increased its stake in BlackRock, Inc. (NYSE:BLK) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 822 shares of the asset manager’s stock after buying an additional 102 shares during the quarter. Schear Investment Advisers LLC’s holdings in BlackRock were worth $780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marino Stram & Associates LLC increased its holdings in shares of BlackRock by 0.3% during the third quarter. Marino Stram & Associates LLC now owns 3,399 shares of the asset manager’s stock worth $3,227,000 after buying an additional 10 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its holdings in BlackRock by 3.5% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager’s stock worth $312,000 after purchasing an additional 11 shares in the last quarter. Ballentine Partners LLC raised its position in BlackRock by 0.3% in the third quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager’s stock valued at $3,251,000 after purchasing an additional 11 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of BlackRock by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 2,979 shares of the asset manager’s stock worth $2,829,000 after purchasing an additional 11 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in BlackRock by 0.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,524 shares of the asset manager’s stock worth $1,447,000 after buying an additional 11 shares during the period. 80.69% of the stock is owned by institutional investors.

BlackRock Trading Up 0.0 %

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 firm has a 50-day moving average price of $969.04 and a two-hundred day moving average price of $870.78. The firm has a market cap of $155.14 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06.

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

Insider Buying and Selling at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of the business’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 value of $10,800,000.00. Following the sale, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. The trade was a 64.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays lifted their price objective on BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. StockNews.com began coverage on BlackRock in a research note on Wednesday. They issued a “hold” rating on the stock. Finally, TD Cowen boosted their target price on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,019.62.

BlackRock Company Profile

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.