Schear Investment Advisers LLC Buys 102 Shares of BlackRock, Inc. (NYSE:BLK)

Schear Investment Advisers LLC boosted its position in shares of BlackRock, Inc. (NYSE:BLK) by 14.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 822 shares of the asset manager’s stock after purchasing an additional 102 shares during the period. Schear Investment Advisers LLC’s holdings in BlackRock were worth $780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairscale Capital LLC bought a new position in shares of BlackRock in the second quarter worth $31,000. Reston Wealth Management LLC purchased a new position in BlackRock during the third quarter worth about $37,000. MFA Wealth Advisors LLC increased its stake in BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after acquiring an additional 20 shares during the last quarter. Addison Advisors LLC boosted its position in shares of 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 purchased a new position in shares of BlackRock during the second quarter worth about $53,000. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BLK shares. StockNews.com assumed coverage on shares of BlackRock in a research note on Wednesday. They issued a “hold” rating on the stock. 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. Deutsche Bank Aktiengesellschaft increased their target price on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen upped their price objective on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Barclays raised their price objective on BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,019.62.

Insider Activity at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. The trade was a 64.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by company insiders.

BlackRock Stock Up 0.0 %

Shares of BlackRock stock opened at $1,047.37 on Friday. 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 $708.75 and a 52-week high of $1,068.34. The company’s 50 day moving average price is $969.04 and its 200-day moving average price is $870.78. The stock has a market capitalization of $155.14 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 1.84 and a beta of 1.30.

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 business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $10.91 EPS. Equities research analysts forecast that BlackRock, Inc. will post 43.17 EPS for the current 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.