AEGON ASSET MANAGEMENT UK Plc Boosts Stock Holdings in BlackRock, Inc. (NYSE:BLK)

AEGON ASSET MANAGEMENT UK Plc increased its position in shares of BlackRock, Inc. (NYSE:BLK) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,809 shares of the asset manager’s stock after buying an additional 288 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in BlackRock were worth $31,152,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC raised its holdings in BlackRock by 35.8% in the 1st quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager’s stock worth $3,945,000 after purchasing an additional 1,248 shares during the period. Cetera Investment Advisers grew its stake in BlackRock by 219.5% in the 1st quarter. Cetera Investment Advisers now owns 44,065 shares of the asset manager’s stock valued at $36,737,000 after acquiring an additional 30,274 shares during the period. M&G Plc purchased a new stake in BlackRock in the 1st quarter worth $161,918,000. GAMMA Investing LLC raised its position in BlackRock by 62.8% during the second quarter. GAMMA Investing LLC now owns 2,291 shares of the asset manager’s stock worth $1,804,000 after acquiring an additional 884 shares during the period. Finally, CreativeOne Wealth LLC purchased a new position in BlackRock during the first quarter valued at $759,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In other news, Director Mark Wiedman sold 11,061 shares of BlackRock stock in a transaction on Monday, August 12th. The stock was sold at an average price of $852.95, for a total value of $9,434,479.95. Following the completion of the sale, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,527,116. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 35,061 shares of company stock valued at $30,734,840 over the last quarter. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on BLK shares. TD Cowen upped their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com initiated coverage on BlackRock in a research note on Tuesday. They issued a “hold” rating on the stock. Citigroup increased their price objective on BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Evercore ISI increased their target price 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. Finally, Argus boosted their price target on shares of BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,004.54.

BlackRock Stock Performance

Shares of BlackRock stock opened at $1,039.28 on Friday. The firm has a market cap of $153.95 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.78 and a beta of 1.30. 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, Inc. has a 52 week low of $650.63 and a 52 week high of $1,057.51. The business’s fifty day simple moving average is $953.10 and its 200-day simple moving average is $860.23.

BlackRock (NYSE:BLK) last announced its earnings results 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. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. BlackRock’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $10.91 earnings per share. Equities analysts forecast that BlackRock, Inc. will post 42.94 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.