Guerra Pan Advisors LLC Takes $206,000 Position in BlackRock, Inc. (NYSE:BLK)

Guerra Pan Advisors LLC acquired a new position in shares of BlackRock, Inc. (NYSE:BLK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 217 shares of the asset manager’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BLK. Empowered Funds LLC increased its stake in BlackRock by 13.3% in the first quarter. Empowered Funds LLC now owns 4,350 shares of the asset manager’s stock valued at $3,627,000 after purchasing an additional 509 shares in the last quarter. Atomi Financial Group Inc. raised its stake in BlackRock by 32.8% during the 1st quarter. Atomi Financial Group Inc. now owns 1,007 shares of the asset manager’s stock worth $839,000 after buying an additional 249 shares during the period. Chilton Capital Management LLC acquired a new stake in BlackRock during the 1st quarter worth $38,000. Sei Investments Co. grew its stake in BlackRock by 5.7% in the first quarter. Sei Investments Co. now owns 49,578 shares of the asset manager’s stock valued at $41,330,000 after acquiring an additional 2,659 shares during the period. Finally, NorthRock Partners LLC increased its holdings in shares of BlackRock by 28.2% in the first quarter. NorthRock Partners LLC now owns 819 shares of the asset manager’s stock worth $683,000 after acquiring an additional 180 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BLK. Keefe, Bruyette & Woods boosted their price objective on BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. TD Cowen upped their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Evercore ISI boosted their price objective on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group increased their target price on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price target on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,004.54.

BlackRock Price Performance

Shares of BLK opened at $1,039.28 on Friday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $953.10 and its 200 day simple moving average is $860.23. BlackRock, Inc. has a 1-year low of $650.63 and a 1-year high of $1,057.51. The company has a market cap of $153.95 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.85 and a beta of 1.30.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period in the previous year, the business earned $10.91 EPS. BlackRock’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, research analysts forecast that BlackRock, Inc. will post 42.94 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $875.03, for a total transaction of $10,500,360.00. Following the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,670,194.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 35,061 shares of company stock valued at $30,734,840 over the last three months. Insiders own 0.90% of the company’s stock.

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.