JB Capital LLC Has $7.77 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

JB Capital LLC boosted its position in shares of BlackRock, Inc. (NYSE:BLK) by 6.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,187 shares of the asset manager’s stock after purchasing an additional 469 shares during the quarter. JB Capital LLC’s holdings in BlackRock were worth $7,774,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BLK. Axxcess Wealth Management LLC raised its stake in BlackRock by 35.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager’s stock worth $3,945,000 after buying an additional 1,248 shares during the period. Cetera Investment Advisers raised its position in shares of BlackRock by 219.5% during the first quarter. Cetera Investment Advisers now owns 44,065 shares of the asset manager’s stock worth $36,737,000 after purchasing an additional 30,274 shares during the period. M&G Plc bought a new position in shares of BlackRock during the 1st quarter valued at about $161,918,000. GAMMA Investing LLC grew its position in shares of BlackRock by 62.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,291 shares of the asset manager’s stock valued at $1,804,000 after purchasing an additional 884 shares during the period. Finally, CreativeOne Wealth LLC bought a new stake in BlackRock during the 1st quarter worth approximately $759,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Up 0.7 %

Shares of NYSE BLK traded up $7.19 during trading on Thursday, hitting $1,037.01. 87,198 shares of the company traded hands, compared to its average volume of 571,710. The firm has a market capitalization of $153.61 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 1.77 and a beta of 1.30. The business’s fifty day moving average is $947.54 and its 200 day moving average is $857.04. 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 fifty-two week low of $648.43 and a fifty-two week high of $1,057.51.

BlackRock (NYSE:BLK) last announced 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 business 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 quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.91 EPS. Equities research analysts predict that BlackRock, Inc. will post 42.94 earnings per share for the current fiscal year.

Insider Activity at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $875.03, for a total value of $10,500,360.00. Following the sale, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,670,194.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 35,061 shares of company stock worth $30,734,840. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

BLK has been the topic of several research reports. Citigroup boosted their price objective on shares of BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. UBS Group reduced their price objective on BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Morgan Stanley increased their price objective on BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Argus upped their price target on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, StockNews.com began coverage on shares of BlackRock in a report on Tuesday. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,004.54.

About BlackRock

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.