Tompkins Financial Corp Has $10.77 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Tompkins Financial Corp grew its position in BlackRock, Inc. (NYSE:BLK) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,342 shares of the asset manager’s stock after acquiring an additional 207 shares during the quarter. Tompkins Financial Corp’s holdings in BlackRock were worth $10,769,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in BlackRock in the 2nd quarter valued at $31,000. Reston Wealth Management LLC bought a new stake in BlackRock in the third quarter valued at about $37,000. MFA Wealth Advisors LLC raised its position in BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after purchasing an additional 20 shares in the last quarter. Chilton Capital Management LLC bought a new position in BlackRock during the first quarter worth about $38,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of BlackRock in the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BLK. Evercore ISI raised their target price on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley boosted their price target on shares of BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. The Goldman Sachs Group lifted their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price target on BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, Citigroup increased their price target on shares of BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,004.54.

BlackRock Stock Up 0.3 %

BLK traded up $3.22 during trading on Friday, reaching $1,039.28. 454,488 shares of the stock were exchanged, compared to its average volume of 573,204. The stock has a market cap of $153.95 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.78 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. The stock’s 50 day moving average price is $953.10 and its two-hundred day moving average price is $860.23. BlackRock, Inc. has a twelve month low of $650.63 and a twelve month high of $1,057.51.

BlackRock (NYSE:BLK) last issued its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.42 by $1.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. BlackRock’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the business posted $10.91 EPS. Equities analysts expect that BlackRock, Inc. will post 42.94 EPS for the current year.

Insider Buying and Selling

In related news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction dated 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 35,061 shares of company stock valued at $30,734,840. 0.90% of the stock is owned by insiders.

BlackRock 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.