BlackRock, Inc. (NYSE:BLK) Shares Acquired by DT Investment Partners LLC

DT Investment Partners LLC raised its stake in shares of BlackRock, Inc. (NYSE:BLK) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,634 shares of the asset manager’s stock after buying an additional 13 shares during the period. DT Investment Partners LLC’s holdings in BlackRock were worth $2,501,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Redmont Wealth Advisors LLC bought a new position in BlackRock during the first quarter valued at about $27,000. Fairscale Capital LLC bought a new position in shares of BlackRock during the 2nd quarter valued at about $31,000. Chilton Capital Management LLC acquired a new position in shares of BlackRock in the 1st quarter worth approximately $38,000. MFA Wealth Advisors LLC raised its holdings in shares of BlackRock by 100.0% in the 3rd 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. Finally, Olistico Wealth LLC acquired a new stake in BlackRock during the second quarter valued at approximately $53,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BlackRock

In related news, CEO Laurence Fink sold 29,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the transaction, the chief executive officer now owns 353,718 shares of the company’s stock, valued at approximately $298,272,703.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Laurence Fink sold 29,450 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value of $24,833,712.50. Following the completion of the sale, the chief executive officer now directly owns 353,718 shares in the company, valued at approximately $298,272,703.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the transaction, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,042 shares of company stock valued at $56,857,777. 0.90% of the stock is owned by corporate insiders.

BlackRock Trading Down 0.4 %

Shares of NYSE:BLK opened at $984.32 on Friday. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $1,032.00. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $146.27 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The firm has a fifty day moving average of $924.23 and a two-hundred day moving average of $841.60.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter last year, the firm earned $10.91 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities analysts expect that BlackRock, Inc. will post 41.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Argus upped their price target on BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. boosted their target price on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research report on Monday. Barclays increased their price target on BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Evercore ISI upped their price objective on shares of BlackRock from $995.00 to $1,040.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, StockNews.com began coverage on shares of BlackRock in a research report on Sunday, October 20th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $995.31.

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.