BlackRock, Inc. (NYSE:BLK) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in BlackRock, Inc. (NYSE:BLK) by 2.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,146 shares of the asset manager’s stock after selling 470 shares during the period. Mutual of America Capital Management LLC’s holdings in BlackRock were worth $16,280,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Fairscale Capital LLC purchased a new stake in BlackRock during the 2nd quarter worth approximately $31,000. Reston Wealth Management LLC bought a new stake in shares of BlackRock in the third quarter worth $37,000. MFA Wealth Advisors LLC raised its holdings 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 acquiring an additional 20 shares in the last quarter. Addison Advisors LLC boosted its stake in BlackRock by 81.5% during the 3rd quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 22 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new position in BlackRock during the 2nd quarter worth $53,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction dated 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 transaction, the director now directly owns 6,480 shares of the company’s stock, valued at $5,832,000. The trade was a 64.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by insiders.

BlackRock Stock 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 company has a market cap of $155.14 billion, a PE ratio of 25.85, a P/E/G ratio of 1.84 and a beta of 1.30. The stock has a 50 day simple moving average of $969.04 and a 200-day simple moving average of $870.78. 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 announced its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The company had revenue of $5.20 billion during 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%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.91 EPS. On average, equities research analysts forecast that BlackRock, Inc. will post 43.17 EPS for the current year.

Analysts Set New Price Targets

BLK has been the topic of a number of recent analyst reports. StockNews.com started coverage on shares of BlackRock in a research note on Wednesday. They issued a “hold” rating on the stock. Barclays increased their target price on BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price target on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on shares of BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group increased their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,019.62.

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.