Nwam LLC Has $1.09 Million Stock Holdings in BlackRock $BLK

Nwam LLC boosted its holdings in shares of BlackRock (NYSE:BLK) by 68.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 978 shares of the asset manager’s stock after purchasing an additional 398 shares during the period. Nwam LLC’s holdings in BlackRock were worth $1,090,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BLK. Game Plan Financial Advisors LLC lifted its position in shares of BlackRock by 100.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock worth $28,000 after buying an additional 15 shares during the period. Garde Capital Inc. raised its stake in BlackRock by 200.0% during the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after acquiring an additional 18 shares in the last quarter. Cheviot Value Management LLC acquired a new position in BlackRock during the first quarter worth $30,000. Whipplewood Advisors LLC lifted its holdings in shares of BlackRock by 107.1% during the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 15 shares during the period. Finally, Creekmur Asset Management LLC boosted its stake in shares of BlackRock by 87.5% in the 2nd quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 14 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BlackRock news, Director Rachel Lord sold 12,000 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.98% of the company’s stock.

BlackRock Stock Up 0.1%

Shares of BLK opened at $1,083.98 on Wednesday. The business’s fifty day moving average price is $1,129.11 and its two-hundred day moving average price is $1,072.92. The firm has a market capitalization of $167.86 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 1.90 and a beta of 1.48. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,219.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04.

BlackRock (NYSE:BLK) last released its earnings results on Tuesday, October 14th. The asset manager reported $11.55 earnings per share 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 the consensus estimate of $6.22 billion. During the same quarter in the previous year, the firm earned $11.46 EPS. The company’s revenue was up 25.2% compared to the same quarter last year. On average, analysts predict that BlackRock will post 47.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BLK shares. Zacks Research cut shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Citigroup raised their price objective on shares of BlackRock from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of BlackRock in a research note on Thursday, October 30th. Cowen restated a “buy” rating on shares of BlackRock in a research report on Wednesday, October 15th. Finally, BMO Capital Markets lifted their price objective on BlackRock from $1,280.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,303.41.

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.