2,334 Shares in BlackRock, Inc. (NYSE:BLK) Bought by Highline Wealth Partners LLC

Highline Wealth Partners LLC bought a new stake in BlackRock, Inc. (NYSE:BLK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,334 shares of the asset manager’s stock, valued at approximately $2,216,000.

A number of other large investors have also recently added to or reduced their stakes in BLK. Pathway Financial Advisers LLC increased its position in BlackRock by 89,389.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after purchasing an additional 1,044,962 shares in the last quarter. Avitas Wealth Management LLC boosted its position in BlackRock by 31.1% during the third quarter. Avitas Wealth Management LLC now owns 2,839 shares of the asset manager’s stock worth $2,696,000 after acquiring an additional 674 shares during the last quarter. Childress Capital Advisors LLC acquired a new position in BlackRock in the 3rd quarter valued at $250,000. Highview Capital Management LLC DE boosted its holdings in shares of BlackRock by 6.5% during the third quarter. Highview Capital Management LLC DE now owns 1,716 shares of the asset manager’s stock worth $1,629,000 after purchasing an additional 104 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its position in BlackRock by 5.2% during the third quarter. Valmark Advisers Inc. now owns 1,527 shares of the asset manager’s stock worth $1,450,000 after buying an additional 76 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Stock Performance

Shares of BLK stock opened at $987.25 on Wednesday. The company’s fifty day moving average price is $933.29 and its two-hundred day moving average price is $847.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market capitalization of $146.71 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.94 and a beta of 1.30. BlackRock, Inc. has a 12 month low of $604.41 and a 12 month high of $1,032.00.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the business posted $10.91 earnings per share. BlackRock’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, research analysts anticipate that BlackRock, Inc. will post 41.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Argus increased their target price on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group boosted their price target on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Evercore ISI raised their price objective on BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Keefe, Bruyette & Woods lifted their price objective on BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $995.31.

Insider Transactions at BlackRock

In related news, Director Pamela Daley sold 1,531 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the sale, the director now directly owns 5,732 shares of the company’s stock, valued at $4,826,802.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Laurence Fink sold 29,450 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the transaction, the chief executive officer now directly owns 353,718 shares in the company, valued at $298,272,703.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the transaction, the director now directly owns 5,732 shares of the company’s stock, valued at $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,042 shares of company stock valued at $56,857,777. 0.90% of the stock is currently owned by corporate insiders.

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.