TrinityPoint Wealth LLC Has $1.42 Million Stock Position in BlackRock, Inc. (NYSE:BLK)

TrinityPoint Wealth LLC lifted its holdings in BlackRock, Inc. (NYSE:BLK) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,494 shares of the asset manager’s stock after purchasing an additional 54 shares during the quarter. TrinityPoint Wealth LLC’s holdings in BlackRock were worth $1,419,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BLK. Pathway Financial Advisers LLC boosted its holdings in shares of BlackRock by 89,389.4% in the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after buying an additional 1,044,962 shares during the period. International Assets Investment Management LLC increased its holdings in BlackRock by 104,468.9% during the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after purchasing an additional 791,874 shares in the last quarter. Capital Research Global Investors raised its position in BlackRock by 11.1% in the 1st quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after buying an additional 435,358 shares during the last quarter. Sarasin & Partners LLP lifted its stake in BlackRock by 174.8% in the 2nd quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock valued at $145,096,000 after acquiring an additional 117,218 shares in the last quarter. Finally, Swedbank AB acquired a new position in BlackRock during the 1st quarter worth approximately $86,282,000. 80.69% of the stock is owned by institutional investors.

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction dated 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 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 64.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.90% of the stock is owned by corporate insiders.

BlackRock Price Performance

NYSE:BLK opened at $1,047.37 on Monday. The firm’s fifty day moving average price is $969.04 and its two-hundred day moving average price is $871.62. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market cap of $162.22 billion, a P/E ratio of 25.85, a P/E/G ratio of 1.87 and a beta of 1.30. BlackRock, Inc. has a one year low of $708.75 and a one year high of $1,068.34.

BlackRock (NYSE:BLK) last released 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 firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $10.91 EPS. Equities analysts expect that BlackRock, Inc. will post 43.17 earnings per share for the current year.

Wall Street Analyst Weigh In

BLK has been the topic of a number of research reports. 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 research report on Monday, October 14th. Wells Fargo & Company boosted their price target on shares of BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. 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. Morgan Stanley raised their target price on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.