Private Advisor Group LLC Has $11.43 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Private Advisor Group LLC lifted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,035 shares of the asset manager’s stock after buying an additional 142 shares during the period. Private Advisor Group LLC’s holdings in BlackRock were worth $11,427,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BLK. Capital Research Global Investors increased its holdings in BlackRock by 11.1% in the 1st quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after buying an additional 435,358 shares during the period. Vanguard Group Inc. boosted its position in shares of BlackRock by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock worth $10,990,052,000 after acquiring an additional 292,017 shares in the last quarter. M&G Plc bought a new position in BlackRock in the first quarter valued at approximately $161,918,000. Sarasin & Partners LLP raised its position in BlackRock by 174.8% during the second quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock valued at $145,096,000 after purchasing an additional 117,218 shares in the last quarter. Finally, Swedbank AB bought a new stake in BlackRock during the first quarter worth $86,282,000. Institutional investors own 80.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at $5,832,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other BlackRock news, Director Pamela Daley sold 1,531 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the transaction, the director now directly owns 5,732 shares in the company, valued at approximately $4,826,802.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction on Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,042 shares of company stock worth $56,857,777. 0.90% of the stock is currently owned by insiders.

BlackRock Stock Performance

NYSE BLK opened at $984.32 on Friday. The company has a market capitalization of $146.27 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.94 and a beta of 1.30. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $1,032.00. The stock has a fifty day simple moving average of $924.23 and a 200 day simple moving average of $841.60. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.91 earnings per share. Sell-side analysts expect that BlackRock, Inc. will post 41.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Evercore ISI boosted their price target on BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research note on Monday. StockNews.com assumed coverage on shares of BlackRock in a report on Sunday, October 20th. They issued a “hold” rating for the company. Morgan Stanley lifted their price target on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, TD Cowen raised their target price on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. 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 MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and an average price target of $995.31.

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.