Moody Lynn & Lieberson LLC trimmed its position in BlackRock, Inc. (NYSE:BLK) by 53.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,214 shares of the asset manager’s stock after selling 6,040 shares during the period. Moody Lynn & Lieberson LLC’s holdings in BlackRock were worth $2,331,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in BLK. Aperio Group LLC lifted its holdings in shares of BlackRock by 8.6% during the 3rd quarter. Aperio Group LLC now owns 68,737 shares of the asset manager’s stock worth $30,732,000 after acquiring an additional 5,451 shares during the last quarter. Everett Harris & Co. CA lifted its holdings in shares of BlackRock by 9.2% during the 2nd quarter. Everett Harris & Co. CA now owns 100,143 shares of the asset manager’s stock worth $42,301,000 after acquiring an additional 8,478 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of BlackRock by 48.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 101,703 shares of the asset manager’s stock worth $42,960,000 after acquiring an additional 33,400 shares during the last quarter. Honkamp Krueger Financial Services Inc. bought a new stake in shares of BlackRock during the 3rd quarter worth $222,000. Finally, Blue Chip Partners Inc. lifted its holdings in shares of BlackRock by 8.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 13,440 shares of the asset manager’s stock worth $5,677,000 after acquiring an additional 1,055 shares during the last quarter. 82.42% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on BLK shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $455.00 price objective (down from $465.00) on shares of BlackRock in a report on Tuesday, July 18th. BidaskClub downgraded shares of BlackRock from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “buy” rating and set a $501.00 price objective for the company in a report on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) raised shares of BlackRock from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $440.00 to $500.00 in a report on Thursday, September 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $440.00 price objective on shares of BlackRock in a report on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. BlackRock has an average rating of “Buy” and an average price target of $489.08.
In related news, insider Mark Mccombe sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $478.99, for a total transaction of $478,990.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert W. Fairbairn sold 3,675 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $415.31, for a total transaction of $1,526,264.25. The disclosure for this sale can be found here. Insiders sold 4,775 shares of company stock worth $2,053,412 in the last 90 days. Corporate insiders own 1.86% of the company’s stock.
BlackRock, Inc. (NYSE:BLK) traded down $1.20 during mid-day trading on Monday, hitting $464.63. 302,739 shares of the company’s stock were exchanged, compared to its average volume of 426,979. BlackRock, Inc. has a 12-month low of $365.83 and a 12-month high of $489.79. The stock has a market capitalization of $75,276.73, a PE ratio of 21.62, a price-to-earnings-growth ratio of 1.61 and a beta of 1.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89.
BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, October 11th. The asset manager reported $5.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.01%. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the company earned $5.14 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. research analysts expect that BlackRock, Inc. will post 22.29 EPS for the current fiscal year.
BlackRock Company Profile
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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