D Orazio & Associates Inc. Has $364,000 Stock Holdings in BlackRock, Inc. (NYSE:BLK)

D Orazio & Associates Inc. cut its stake in shares of BlackRock, Inc. (NYSE:BLK) by 9.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 383 shares of the asset manager’s stock after selling 39 shares during the period. D Orazio & Associates Inc.’s holdings in BlackRock were worth $364,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fairscale Capital LLC acquired a new position in BlackRock during the second quarter valued at $31,000. Reston Wealth Management LLC acquired a new position in BlackRock during the third quarter valued at $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 valued at $38,000 after buying an additional 20 shares during the period. Addison Advisors LLC raised its position in BlackRock by 81.5% during the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after buying an additional 22 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in BlackRock during the third quarter valued at $54,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on BLK. Evercore ISI upped their target price on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Argus upped their price target on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. TD Cowen increased their target price on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their target price on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Barclays raised their price objective on BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,019.62.

BlackRock Price Performance

Shares of BLK traded up $1.70 during mid-day trading on Wednesday, reaching $1,038.05. The company had a trading volume of 97,384 shares, compared to its average volume of 571,138. BlackRock, Inc. has a twelve month low of $673.00 and a twelve month high of $1,068.34. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The company’s 50-day moving average is $959.13 and its 200-day moving average is $865.58. The company has a market capitalization of $153.77 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.88 and a beta of 1.30.

BlackRock (NYSE:BLK) last issued 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 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 period in the prior year, the firm posted $10.91 EPS. BlackRock’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, equities analysts anticipate that BlackRock, Inc. will post 43.16 EPS for the current year.

Insider Activity at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

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.