Mutual of America Capital Management LLC Lowers Position in BlackRock, Inc. (NYSE:BLK)

Mutual of America Capital Management LLC decreased its position in shares of BlackRock, Inc. (NYSE:BLKFree Report) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,146 shares of the asset manager’s stock after selling 470 shares during the quarter. Mutual of America Capital Management LLC’s holdings in BlackRock were worth $16,280,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new stake in BlackRock in the second quarter valued at $31,000. Reston Wealth Management LLC purchased a new position in BlackRock during the 3rd quarter valued at about $37,000. MFA Wealth Advisors LLC raised its position 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 grew its position in shares of BlackRock by 81.5% in the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 22 shares during the last quarter. Finally, Olistico Wealth LLC purchased a new position in shares of BlackRock during the 2nd quarter worth approximately $53,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BLK. Deutsche Bank Aktiengesellschaft increased their target price on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a report on Monday, November 11th. 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 note on Thursday, October 10th. The Goldman Sachs Group upped their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company boosted their price objective on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Barclays lifted their target price on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $1,019.62.

View Our Latest Stock Report on BlackRock

BlackRock Price Performance

BLK stock opened at $1,047.37 on Friday. The stock has a 50-day moving average price of $969.04 and a two-hundred day moving average price of $870.78. The company has a market cap of $155.14 billion, a PE ratio of 25.85, a price-to-earnings-growth 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, Inc. has a 12-month low of $708.75 and a 12-month high of $1,068.34.

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

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was 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 $5,832,000. This represents a 64.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

About BlackRock

(Free Report)

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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