Field & Main Bank Has $1.18 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Field & Main Bank lifted its holdings in BlackRock, Inc. (NYSE:BLK) by 10.3% during the 3rd quarter, Holdings Channel reports. The fund owned 1,239 shares of the asset manager’s stock after acquiring an additional 116 shares during the quarter. Field & Main Bank’s holdings in BlackRock were worth $1,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of BlackRock by 2.3% in 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. Capital Research Global Investors lifted its holdings in BlackRock by 11.1% during the 1st quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock worth $3,630,127,000 after buying an additional 435,358 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in BlackRock by 2.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager’s stock worth $1,310,762,000 after buying an additional 46,728 shares in the last quarter. Legal & General Group Plc lifted its holdings in BlackRock by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager’s stock worth $942,640,000 after buying an additional 22,311 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its holdings 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 buying an additional 1,044,962 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BlackRock

In related news, Director Mark Wiedman sold 11,061 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $852.95, for a total value of $9,434,479.95. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at approximately $5,527,116. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 35,061 shares of company stock worth $30,734,840. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Morgan Stanley upped their target price on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Argus upped their target price on shares of BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group upped their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, TD Cowen upped 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 given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,004.54.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,039.28 on Friday. The firm has a market cap of $153.95 billion, a PE ratio of 25.65, a PEG ratio of 1.85 and a beta of 1.30. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. BlackRock, Inc. has a 1-year low of $650.63 and a 1-year high of $1,057.51. The company has a fifty day moving average price of $953.10 and a 200 day moving average price of $860.23.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the prior year, the business posted $10.91 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Research analysts predict that BlackRock, Inc. will post 42.94 earnings per share for the current fiscal year.

About BlackRock

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.