Fiduciary Family Office LLC Has $656,000 Position in BlackRock, Inc. (NYSE:BLK)

Fiduciary Family Office LLC lessened its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 46.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 691 shares of the asset manager’s stock after selling 598 shares during the period. Fiduciary Family Office LLC’s holdings in BlackRock were worth $656,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC boosted its holdings in shares of BlackRock by 38.5% in the 1st quarter. Norden Group LLC now owns 648 shares of the asset manager’s stock valued at $540,000 after purchasing an additional 180 shares in the last quarter. Nordea Investment Management AB raised its stake in BlackRock by 5.2% during the first quarter. Nordea Investment Management AB now owns 10,742 shares of the asset manager’s stock worth $8,992,000 after acquiring an additional 529 shares in the last quarter. FORA Capital LLC bought a new position in shares of BlackRock in the first quarter worth about $255,000. Proficio Capital Partners LLC boosted its position in BlackRock by 3.7% in the first quarter. Proficio Capital Partners LLC now owns 562 shares of the asset manager’s stock valued at $468,000 after buying an additional 20 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of BlackRock by 31.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,706 shares of the asset manager’s stock worth $2,256,000 after buying an additional 654 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on BLK shares. Citigroup lifted their price target on BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft increased their price objective on BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a report on Thursday, August 15th. TD Cowen upped their price target on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. UBS Group reduced their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group raised their price target on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $995.31.

Insider Activity at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the company’s 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 sale, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 35,061 shares of company stock valued at $30,734,840 over the last 90 days. 0.90% of the stock is owned by insiders.

BlackRock Stock Up 1.7 %

BLK traded up $17.00 during midday trading on Tuesday, reaching $1,008.50. 111,332 shares of the company were exchanged, compared to its average volume of 569,260. 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 market cap of $149.39 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 1.77 and a beta of 1.30. BlackRock, Inc. has a one year low of $646.91 and a one year high of $1,032.00. The company’s fifty day moving average price is $942.16 and its 200 day moving average price is $853.97.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates 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 business earned $10.91 earnings per share. As a group, analysts expect that BlackRock, Inc. will post 42.94 EPS for the current 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.