BlackRock, Inc. (NYSE:BLK) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its position in shares of BlackRock, Inc. (NYSE:BLK) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,749 shares of the asset manager’s stock after buying an additional 142 shares during the period. OneDigital Investment Advisors LLC’s holdings in BlackRock were worth $2,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in shares of BlackRock in the 2nd quarter valued at $31,000. Reston Wealth Management LLC acquired a new position in BlackRock in the third quarter valued at $37,000. MFA Wealth Advisors LLC increased its stake in BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 20 shares during the period. Addison Advisors LLC boosted its stake in shares of BlackRock by 81.5% during the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock worth $47,000 after buying an additional 22 shares during the period. Finally, Olistico Wealth LLC purchased a new position in shares of BlackRock during the second quarter worth about $53,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BLK. The Goldman Sachs Group upped their price objective on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Evercore ISI increased their price target on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. TD Cowen boosted their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on shares of BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, StockNews.com started coverage on shares of BlackRock in a research note on Wednesday. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,019.62.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the transaction, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. This trade represents a 64.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by insiders.

BlackRock Price Performance

Shares of NYSE:BLK opened at $1,047.37 on Friday. BlackRock, Inc. has a 12 month low of $708.75 and a 12 month high of $1,068.34. The firm has a market capitalization of $155.14 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.84 and a beta of 1.30. The business’s 50 day simple moving average is $969.04 and its 200-day simple moving average is $869.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.42 by $1.04. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. BlackRock’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.91 earnings per share. As a group, equities analysts forecast that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal 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.