BlackRock, Inc. (NYSE:BLK) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its stake in shares of BlackRock, Inc. (NYSE:BLK) by 333.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,693 shares of the asset manager’s stock after buying an additional 35,921 shares during the quarter. Mizuho Securities USA LLC’s holdings in BlackRock were worth $44,335,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of 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. International Assets Investment Management LLC grew its holdings in BlackRock by 104,468.9% in the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock valued at $7,526,120,000 after buying an additional 791,874 shares during the period. Capital Research Global Investors increased its holdings in shares of 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 during the last quarter. Sarasin & Partners LLP boosted its holdings in BlackRock by 174.8% in the second quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock valued at $145,096,000 after acquiring an additional 117,218 shares during the last quarter. Finally, Swedbank AB acquired a new stake in BlackRock during the first quarter worth about $86,282,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the completion of the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at $5,832,000. This represents a 64.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Barclays increased their price objective on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Evercore ISI upped their price target 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, November 7th. StockNews.com initiated coverage on BlackRock in a research report on Wednesday. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company upped their target price on BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,019.62.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,046.87 on Friday. The business has a 50 day moving average price of $969.04 and a two-hundred day moving average price of $869.97. BlackRock, Inc. has a fifty-two week low of $708.75 and a fifty-two week high of $1,068.34. The firm has a market cap of $155.07 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.84 and a beta of 1.30. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $10.91 earnings per share. Sell-side analysts expect that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal year.

BlackRock 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.