BlackRock, Inc. (NYSE:BLK) Shares Bought by XML Financial LLC

XML Financial LLC grew its position in BlackRock, Inc. (NYSE:BLK) by 4.4% during the third quarter, Holdings Channel reports. The firm owned 494 shares of the asset manager’s stock after acquiring an additional 21 shares during the period. XML Financial LLC’s holdings in BlackRock were worth $469,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of BLK. Pathway Financial Advisers LLC raised its position in BlackRock by 89,389.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after buying an additional 1,044,962 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of BlackRock by 104,468.9% in the third quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after acquiring an additional 791,874 shares during the period. Capital Research Global Investors raised its holdings in shares of BlackRock by 11.1% during the first quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock worth $3,630,127,000 after purchasing an additional 435,358 shares during the last quarter. Vanguard Group Inc. lifted its position in BlackRock by 2.3% during the first quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock valued at $10,990,052,000 after purchasing an additional 292,017 shares during the period. Finally, M&G Plc purchased a new stake in BlackRock in the first quarter valued at $161,918,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Price Performance

BLK stock opened at $1,039.28 on Monday. 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 business has a 50 day simple moving average of $953.10 and a 200-day simple moving average of $860.88. The firm has a market capitalization of $153.95 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30. BlackRock, Inc. has a 1 year low of $650.63 and a 1 year high of $1,057.51.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.42 by $1.04. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. BlackRock’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $10.91 earnings per share. Equities research analysts anticipate that BlackRock, Inc. will post 42.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of BlackRock 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 sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BLK shares. Evercore ISI boosted their price objective on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price target on shares of BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Citigroup increased their price objective on shares of BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, Barclays upped their price target on shares of 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 analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,004.54.

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.