BlackRock, Inc. (NYSE:BLK) Shares Acquired by Donald L. Hagan LLC

Donald L. Hagan LLC raised its position in shares of BlackRock, Inc. (NYSE:BLK) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,434 shares of the asset manager’s stock after buying an additional 64 shares during the quarter. Donald L. Hagan LLC’s holdings in BlackRock were worth $1,362,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC grew its position in shares of BlackRock by 35.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager’s stock valued at $3,945,000 after buying an additional 1,248 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of BlackRock by 219.5% in the 1st quarter. Cetera Investment Advisers now owns 44,065 shares of the asset manager’s stock worth $36,737,000 after purchasing an additional 30,274 shares during the last quarter. M&G Plc acquired a new position in BlackRock during the 1st quarter valued at approximately $161,918,000. GAMMA Investing LLC grew its stake in BlackRock by 62.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,291 shares of the asset manager’s stock worth $1,804,000 after buying an additional 884 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in BlackRock in the first quarter worth $759,000. Institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. StockNews.com started coverage on shares of BlackRock in a research note on Tuesday. They set a “hold” rating for the company. Argus raised their price target on shares of BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, TD Cowen increased their price objective on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $995.31.

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 shares were sold at an average price of $875.03, for a total value of $10,500,360.00. Following the sale, the director now directly owns 6,480 shares in the company, valued at $5,670,194.40. 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. In the last quarter, insiders sold 35,061 shares of company stock worth $30,734,840. Corporate insiders own 0.90% of the company’s stock.

BlackRock Price Performance

BLK traded down $3.24 during trading on Wednesday, reaching $1,011.11. The stock had a trading volume of 283,880 shares, compared to its average volume of 569,392. BlackRock, Inc. has a 1-year low of $646.91 and a 1-year high of $1,054.91. The firm has a market capitalization of $149.78 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.77 and a beta of 1.30. The stock has a 50 day moving average of $944.72 and a two-hundred day moving average of $855.82. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

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

About BlackRock

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.