Dubuque Bank & Trust Co. Purchases 947 Shares of BlackRock, Inc. (BLK)

Dubuque Bank & Trust Co. boosted its position in BlackRock, Inc. (NYSE:BLK) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,632 shares of the asset manager’s stock after buying an additional 947 shares during the period. BlackRock makes up approximately 1.7% of Dubuque Bank & Trust Co.’s investment portfolio, making the stock its 14th largest holding. Dubuque Bank & Trust Co.’s holdings in BlackRock were worth $11,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Soros Fund Management LLC boosted its position in BlackRock by 59.8% in the 2nd quarter. Soros Fund Management LLC now owns 12,983 shares of the asset manager’s stock worth $6,479,000 after purchasing an additional 4,858 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in BlackRock by 2.8% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,293 shares of the asset manager’s stock worth $3,639,000 after purchasing an additional 200 shares in the last quarter. MUFG Americas Holdings Corp boosted its position in BlackRock by 1.5% in the 2nd quarter. MUFG Americas Holdings Corp now owns 16,441 shares of the asset manager’s stock worth $8,205,000 after purchasing an additional 249 shares in the last quarter. Davy Asset Management Ltd purchased a new stake in BlackRock in the 2nd quarter worth approximately $858,000. Finally, Cibc Bank USA boosted its position in BlackRock by 8.8% in the 3rd quarter. Cibc Bank USA now owns 1,454 shares of the asset manager’s stock worth $686,000 after purchasing an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 82.74% of the company’s stock.

In other news, Director William E. Ford acquired 1,000 shares of BlackRock stock in a transaction that occurred on Thursday, August 2nd. The stock was purchased at an average cost of $467.92 per share, with a total value of $467,920.00. Following the purchase, the director now owns 5,400 shares in the company, valued at $2,526,768. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William E. Ford acquired 2,000 shares of BlackRock stock in a transaction that occurred on Monday, October 22nd. The stock was purchased at an average cost of $395.21 per share, with a total value of $790,420.00. Following the completion of the purchase, the director now owns 9,466 shares in the company, valued at approximately $3,741,057.86. The disclosure for this purchase can be found here. Insiders have bought a total of 5,000 shares of company stock worth $2,077,520 in the last quarter. Insiders own 1.75% of the company’s stock.



Shares of NYSE:BLK opened at $403.83 on Wednesday. BlackRock, Inc. has a 1 year low of $376.31 and a 1 year high of $594.52. The company has a market cap of $61.75 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.87 and a current ratio of 3.87.

BlackRock (NYSE:BLK) last announced its earnings results on Tuesday, October 16th. The asset manager reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.93 by $0.59. BlackRock had a return on equity of 13.76% and a net margin of 39.92%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm posted $5.76 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts expect that BlackRock, Inc. will post 27.71 EPS for the current fiscal year.

Several equities research analysts have commented on BLK shares. JPMorgan Chase & Co. upped their price objective on BlackRock from $541.00 to $592.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Citigroup decreased their target price on BlackRock to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, October 17th. Morgan Stanley decreased their target price on BlackRock from $607.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, October 9th. Goldman Sachs Group lowered BlackRock from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, October 17th. Finally, Deutsche Bank increased their target price on BlackRock from $549.00 to $559.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $569.08.

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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