196 Shares in BlackRock $BLK Purchased by Verus Capital Partners LLC

Verus Capital Partners LLC acquired a new position in shares of BlackRock (NYSE:BLK) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 196 shares of the asset manager’s stock, valued at approximately $206,000.

Several other large investors have also made changes to their positions in BLK. Garde Capital Inc. raised its stake in BlackRock by 200.0% in the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after buying an additional 18 shares during the period. Whipplewood Advisors LLC grew its stake in shares of BlackRock by 107.1% in the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after purchasing an additional 15 shares during the last quarter. Game Plan Financial Advisors LLC boosted its holdings in BlackRock by 100.0% in the first quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 15 shares during the last quarter. Creekmur Asset Management LLC increased its holdings in BlackRock by 87.5% in the second quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock worth $32,000 after purchasing an additional 14 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. bought a new position in shares of BlackRock during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Price Performance

NYSE:BLK traded down $7.44 during trading hours on Thursday, reaching $1,086.49. 16,752 shares of the company traded hands, compared to its average volume of 711,036. The firm’s 50-day moving average is $1,129.00 and its 200-day moving average is $1,073.06. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,219.94. The stock has a market cap of $168.25 billion, a P/E ratio of 27.97, a P/E/G ratio of 1.90 and a beta of 1.48. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.78 by ($0.23). The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.22 billion. BlackRock had a return on equity of 15.36% and a net margin of 26.64%.BlackRock’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter last year, the business earned $11.46 EPS. Equities research analysts expect that BlackRock will post 47.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLK has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on shares of BlackRock from $1,163.00 to $1,312.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Jefferies Financial Group raised their price target on BlackRock from $1,196.00 to $1,325.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. raised their target price on shares of BlackRock from $1,093.00 to $1,242.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Cowen reaffirmed a “buy” rating on shares of BlackRock in a research report on Wednesday, October 15th. Finally, Loop Capital set a $1,255.00 price objective on BlackRock in a research note on Tuesday, October 21st. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $1,303.41.

Insider Buying and Selling

In other BlackRock news, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the transaction, the director directly owned 7,205 shares of the company’s stock, valued at $8,394,113.20. This represents a 62.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.98% of the company’s stock.

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.