Guerra Pan Advisors LLC Invests $206,000 in BlackRock, Inc. (NYSE:BLK)

Guerra Pan Advisors LLC purchased a new stake in BlackRock, Inc. (NYSE:BLK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 217 shares of the asset manager’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC raised its position in shares of BlackRock by 35.8% in the first 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 in the last quarter. Cetera Investment Advisers raised its holdings in BlackRock by 219.5% in the 1st quarter. Cetera Investment Advisers now owns 44,065 shares of the asset manager’s stock valued at $36,737,000 after acquiring an additional 30,274 shares in the last quarter. M&G Plc bought a new stake in shares of BlackRock during the 1st quarter valued at $161,918,000. GAMMA Investing LLC grew its holdings in shares of BlackRock by 62.8% during the 2nd 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 in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in BlackRock in the first quarter valued at about $759,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $875.03, for a total transaction of $10,500,360.00. Following the completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,670,194.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 35,061 shares of company stock worth $30,734,840 over the last ninety days. 0.90% of the stock is owned by insiders.

BlackRock Price Performance

BLK stock opened at $1,039.28 on Friday. The company has a market capitalization of $153.95 billion, a P/E ratio of 25.65, a PEG ratio of 1.85 and a beta of 1.30. The company has a fifty day moving average price of $953.10 and a 200-day moving average price of $860.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. BlackRock, Inc. has a 52-week low of $650.63 and a 52-week high of $1,057.51.

BlackRock (NYSE:BLK) last announced its earnings results 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. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period last year, the company earned $10.91 EPS. BlackRock’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities analysts expect that BlackRock, Inc. will post 42.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BLK. StockNews.com started coverage on shares of BlackRock in a research note on Tuesday, November 5th. They set a “hold” rating on the stock. Evercore ISI lifted their price objective on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup upped their target price on BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Argus lifted their price target on BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, Wells Fargo & Company raised their price objective on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, BlackRock has a consensus rating of “Moderate Buy” and a consensus price target 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.