Weil Company Inc. Buys 238 Shares of BlackRock, Inc. (NYSE:BLK)

Weil Company Inc. increased its stake in BlackRock, Inc. (NYSE:BLK) by 59.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 636 shares of the asset manager’s stock after buying an additional 238 shares during the quarter. Weil Company Inc.’s holdings in BlackRock were worth $604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Axxcess Wealth Management LLC boosted its stake in shares of BlackRock by 35.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager’s stock worth $3,945,000 after purchasing an additional 1,248 shares during the period. Cetera Investment Advisers lifted its stake in shares of BlackRock by 219.5% during the 1st quarter. Cetera Investment Advisers now owns 44,065 shares of the asset manager’s stock worth $36,737,000 after acquiring an additional 30,274 shares during the last quarter. M&G Plc purchased a new position in BlackRock during the 1st quarter valued at $161,918,000. GAMMA Investing LLC increased its stake in BlackRock by 62.8% in the second quarter. GAMMA Investing LLC now owns 2,291 shares of the asset manager’s stock worth $1,804,000 after purchasing an additional 884 shares during the period. Finally, CreativeOne Wealth LLC bought a new stake in shares of BlackRock during the first quarter worth $759,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $875.03, for a total value of $10,500,360.00. Following the completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,670,194.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

BlackRock Stock Performance

Shares of BlackRock stock opened at $1,053.80 on Monday. BlackRock, Inc. has a one year low of $658.14 and a one year high of $1,057.51. The company has a market capitalization of $156.10 billion, a PE ratio of 25.65, a P/E/G ratio of 1.85 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The company has a 50-day simple moving average of $953.10 and a two-hundred day simple moving average of $861.57.

BlackRock (NYSE:BLK) last announced its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.42 by $1.04. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. BlackRock’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned $10.91 earnings per share. Research analysts expect that BlackRock, Inc. will post 42.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on BLK shares. TD Cowen raised their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Evercore ISI raised their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley boosted their price target on BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a report on Monday, October 14th. The Goldman Sachs Group raised their price objective on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Barclays upped their target price on BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,004.54.

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.