Nikulski Financial Inc. Grows Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Nikulski Financial Inc. increased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 6.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 282 shares of the asset manager’s stock after acquiring an additional 16 shares during the period. Nikulski Financial Inc.’s holdings in BlackRock were worth $268,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in BlackRock in the second quarter valued at about $31,000. Chilton Capital Management LLC bought a new stake in shares of BlackRock in the first quarter worth $38,000. MFA Wealth Advisors LLC raised its holdings in BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares in the last quarter. Olistico Wealth LLC bought a new position in BlackRock during the 2nd quarter valued at $53,000. Finally, ORG Partners LLC lifted its position in shares of BlackRock by 257.9% during the second quarter. ORG Partners LLC now owns 68 shares of the asset manager’s stock worth $54,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BLK shares. StockNews.com began coverage on BlackRock in a report on Monday. They issued a “hold” rating for the company. Evercore ISI increased their target price on shares of BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. lifted their price target on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. The Goldman Sachs Group increased their price objective on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, UBS Group lowered their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $995.31.

Insider Activity at BlackRock

In other news, CEO Laurence Fink sold 29,450 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $298,272,703.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Pamela Daley sold 1,531 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the sale, the director now directly owns 5,732 shares in the company, valued at approximately $4,826,802.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laurence Fink sold 29,450 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50. This trade represents a 0.00 % decrease in their position. 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 0.7 %

BLK traded down $6.81 during trading on Thursday, reaching $973.06. The company had a trading volume of 52,849 shares, compared to its average volume of 568,013. The firm’s 50-day simple moving average is $935.63 and its 200 day simple moving average is $848.38. The company has a market cap of $144.14 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 1.94 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. BlackRock, Inc. has a 12-month low of $604.41 and a 12-month high of $1,032.00.

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

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.