BlackRock, Inc. (NYSE:BLK) Shares Bought by Donald L. Hagan LLC

Donald L. Hagan LLC grew its holdings in BlackRock, Inc. (NYSE:BLK) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,434 shares of the asset manager’s stock after buying an additional 64 shares during the quarter. Donald L. Hagan LLC’s holdings in BlackRock were worth $1,362,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fairscale Capital LLC acquired a new position in BlackRock during the second quarter worth about $31,000. Reston Wealth Management LLC acquired a new stake in shares of BlackRock in the 3rd quarter worth approximately $37,000. MFA Wealth Advisors LLC raised its holdings in BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after purchasing an additional 20 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in BlackRock during the first quarter worth $38,000. Finally, City Holding Co. purchased a new stake in BlackRock during the third quarter worth $55,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Trading Down 0.3 %

BLK traded down $3.24 during midday trading on Wednesday, hitting $1,011.11. The company’s stock had a trading volume of 283,880 shares, compared to its average volume of 569,392. BlackRock, Inc. has a 52-week low of $646.91 and a 52-week high of $1,054.91. The firm has a 50-day moving average price of $944.72 and a two-hundred day moving average price of $855.82. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The firm has a market cap of $149.78 billion, a P/E ratio of 25.02, a PEG ratio of 1.77 and a beta of 1.30.

BlackRock (NYSE:BLK) last released its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. The firm 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 in the previous year, the firm earned $10.91 earnings per share. On average, research analysts anticipate that BlackRock, Inc. will post 42.94 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Mark Wiedman sold 11,061 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,527,116. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 35,061 shares of company stock valued at $30,734,840. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Argus boosted their price objective on shares of BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Wells Fargo & Company increased their price target on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Evercore ISI raised their price target on BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Morgan Stanley boosted their price target on BlackRock from $1,150.00 to $1,245.00 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, BlackRock currently has an average rating of “Moderate Buy” and an average price target of $995.31.

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.