BlackRock, Inc. (BLK) Shares Sold by Oakbrook Investments LLC

Oakbrook Investments LLC lowered its stake in shares of BlackRock, Inc. (NYSE:BLK) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,210 shares of the asset manager’s stock after selling 475 shares during the quarter. Oakbrook Investments LLC’s holdings in BlackRock were worth $3,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in BlackRock by 2.1% during the second quarter. BlackRock Inc. now owns 7,601,685 shares of the asset manager’s stock worth $3,793,546,000 after purchasing an additional 153,749 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of BlackRock by 2.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 476,036 shares of the asset manager’s stock worth $237,562,000 after acquiring an additional 12,785 shares during the last quarter. Mawer Investment Management Ltd. grew its position in shares of BlackRock by 1.5% during the second quarter. Mawer Investment Management Ltd. now owns 411,071 shares of the asset manager’s stock worth $205,141,000 after acquiring an additional 5,981 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of BlackRock by 5.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 380,630 shares of the asset manager’s stock worth $189,950,000 after acquiring an additional 21,123 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of BlackRock by 47.4% during the second quarter. Janus Henderson Group PLC now owns 348,987 shares of the asset manager’s stock worth $174,168,000 after acquiring an additional 112,221 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

In other BlackRock news, Director William E. Ford bought 2,000 shares of BlackRock stock in a transaction on Wednesday, October 17th. The stock was bought at an average price of $409.59 per share, with a total value of $819,180.00. Following the completion of the acquisition, the director now owns 7,466 shares in the company, valued at $3,057,998.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Ford bought 1,000 shares of BlackRock stock in a transaction on Thursday, August 2nd. The stock was acquired at an average cost of $467.92 per share, with a total value of $467,920.00. Following the acquisition, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,526,768. The disclosure for this purchase can be found here. Company insiders own 1.86% of the company’s stock.

NYSE:BLK opened at $399.87 on Friday. BlackRock, Inc. has a 1-year low of $399.00 and a 1-year high of $594.52. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.87 and a current ratio of 3.87. The firm has a market capitalization of $65.72 billion, a P/E ratio of 17.69, a PEG ratio of 1.33 and a beta of 1.55.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, October 16th. The asset manager reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $6.93 by $0.59. BlackRock had a net margin of 39.92% and a return on equity of 13.76%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the firm posted $5.76 EPS. BlackRock’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts forecast that BlackRock, Inc. will post 27.59 earnings per share for the current fiscal year.

BLK has been the topic of a number of research reports. Deutsche Bank lowered their target price on shares of BlackRock from $570.00 to $561.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Morgan Stanley lowered their target price on shares of BlackRock from $607.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, October 9th. UBS Group lowered their target price on shares of BlackRock from $575.00 to $565.00 and set a “buy” rating on the stock in a research report on Monday, October 8th. JPMorgan Chase & Co. raised their target price on shares of BlackRock from $541.00 to $592.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Finally, Goldman Sachs Group lowered their target price on shares of BlackRock to $570.00 and set a “buy” rating on the stock in a research report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. BlackRock has an average rating of “Buy” and a consensus target price of $569.08.

BlackRock 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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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