Moloney Securities Asset Management LLC Boosts Position in BlackRock, Inc. (NYSE:BLK)

Moloney Securities Asset Management LLC raised its position in shares of BlackRock, Inc. (NYSE:BLK) by 6.4% in the third quarter, HoldingsChannel reports. The firm owned 2,069 shares of the asset manager’s stock after buying an additional 124 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in BlackRock were worth $1,965,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Marino Stram & Associates LLC raised its holdings in shares of BlackRock by 0.3% in the third quarter. Marino Stram & Associates LLC now owns 3,399 shares of the asset manager’s stock worth $3,227,000 after acquiring an additional 10 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its holdings in shares of BlackRock by 3.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager’s stock worth $312,000 after buying an additional 11 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of BlackRock by 0.3% during the third quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager’s stock valued at $3,251,000 after buying an additional 11 shares during the period. Harbor Capital Advisors Inc. boosted its position in BlackRock by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 2,979 shares of the asset manager’s stock worth $2,829,000 after acquiring an additional 11 shares during the last quarter. Finally, XML Financial LLC grew its stake in BlackRock by 2.6% in the 2nd quarter. XML Financial LLC now owns 473 shares of the asset manager’s stock worth $372,000 after acquiring an additional 12 shares during the period. Institutional investors own 80.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 35,061 shares of company stock valued at $30,734,840 in the last quarter. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their price target on BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. StockNews.com started coverage on BlackRock in a research report on Tuesday. They issued a “hold” rating on the stock. Morgan Stanley raised their price target on shares of 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 increased their target price on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Barclays lifted their price target on BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $995.31.

BlackRock Stock Performance

BLK opened at $991.50 on Tuesday. The stock has a 50-day moving average of $942.16 and a 200-day moving average of $853.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. BlackRock, Inc. has a 52-week low of $646.91 and a 52-week high of $1,032.00. The company has a market cap of $146.87 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30.

BlackRock (NYSE:BLK) last released its quarterly earnings results 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 for 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%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $10.91 earnings per share. As a group, equities research analysts forecast that BlackRock, Inc. will post 42.94 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.