Daymark Wealth Partners LLC Buys 33 Shares of BlackRock $BLK

Daymark Wealth Partners LLC increased its holdings in shares of BlackRock (NYSE:BLK) by 0.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,207 shares of the asset manager’s stock after purchasing an additional 33 shares during the period. Daymark Wealth Partners LLC’s holdings in BlackRock were worth $9,660,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLK. Royal Bank of Canada lifted its position in BlackRock by 73.2% during the first quarter. Royal Bank of Canada now owns 1,313,350 shares of the asset manager’s stock valued at $1,243,059,000 after acquiring an additional 555,098 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of BlackRock by 2.9% in the first quarter. Vanguard Group Inc. now owns 13,764,072 shares of the asset manager’s stock worth $13,027,419,000 after buying an additional 387,466 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of BlackRock by 32.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,131,919 shares of the asset manager’s stock worth $1,071,339,000 after buying an additional 279,336 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in shares of BlackRock in the second quarter worth $231,000. Finally, Unisphere Establishment raised its holdings in shares of BlackRock by 29.2% in the first quarter. Unisphere Establishment now owns 839,500 shares of the asset manager’s stock worth $794,570,000 after buying an additional 189,500 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

NYSE:BLK opened at $1,125.20 on Wednesday. The company’s 50-day moving average price is $1,139.39 and its 200-day moving average price is $1,058.01. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The company has a market cap of $174.24 billion, a P/E ratio of 28.93, a P/E/G ratio of 1.96 and a beta of 1.45. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94.

BlackRock (NYSE:BLK) last issued its earnings results on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a return on equity of 15.36% and a net margin of 26.64%.The firm had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.22 billion. During the same period last year, the firm earned $11.46 earnings per share. BlackRock’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, sell-side analysts forecast that BlackRock will post 47.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Rachel Lord sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the sale, the director directly owned 7,205 shares of the company’s stock, valued at approximately $8,394,113.20. The trade was a 62.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.98% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BLK. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BlackRock in a report on Wednesday, October 8th. Telsey Advisory Group reiterated an “outperform” rating on shares of BlackRock in a research note on Tuesday, July 8th. Cowen reiterated a “buy” rating on shares of BlackRock in a research report on Wednesday, October 15th. The Goldman Sachs Group upped 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 report on Friday, October 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of BlackRock from $1,215.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and an average target price of $1,299.29.

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.