OLD Second National Bank of Aurora Decreases Stock Position in BlackRock, Inc. (NYSE:BLK)

OLD Second National Bank of Aurora decreased its position in shares of BlackRock, Inc. (NYSE:BLK) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,714 shares of the asset manager’s stock after selling 166 shares during the period. BlackRock makes up approximately 1.8% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 13th biggest position. OLD Second National Bank of Aurora’s holdings in BlackRock were worth $7,325,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Axxcess Wealth Management LLC raised its holdings in 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 period. Cetera Investment Advisers grew its holdings in BlackRock by 219.5% during the 1st quarter. Cetera Investment Advisers now owns 44,065 shares of the asset manager’s stock valued at $36,737,000 after purchasing an additional 30,274 shares during the last quarter. M&G Plc purchased a new stake in BlackRock in the 1st quarter worth about $161,918,000. GAMMA Investing LLC lifted its stake in BlackRock by 62.8% in the second quarter. GAMMA Investing LLC now owns 2,291 shares of the asset manager’s stock worth $1,804,000 after purchasing an additional 884 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in shares of BlackRock by 20.8% during the third quarter. Aptus Capital Advisors LLC now owns 21,333 shares of the asset manager’s stock valued at $20,256,000 after buying an additional 3,675 shares during the period. 80.69% of the stock is owned by institutional investors.

Insider Activity

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 6,480 shares in the company, valued at $5,832,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BLK shares. Wells Fargo & Company lifted their target price on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. StockNews.com assumed coverage on shares of BlackRock in a report on Wednesday. They issued a “hold” rating on the stock. TD Cowen boosted their target price 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. Morgan Stanley increased their price objective on BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,019.62.

BlackRock Trading Down 1.7 %

Shares of BLK opened at $1,036.09 on Wednesday. The firm has a market capitalization of $153.48 billion, a P/E ratio of 25.57, a PEG ratio of 1.88 and a beta of 1.30. BlackRock, Inc. has a twelve month low of $658.14 and a twelve month high of $1,068.34. The firm’s 50-day moving average is $959.13 and its two-hundred day moving average is $865.58. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last released its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the firm earned $10.91 earnings per share. BlackRock’s revenue was up 14.9% compared to the same quarter last year. On average, research analysts predict that BlackRock, Inc. will post 43.16 earnings per share 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.