Olympiad Research LP Has $293,000 Holdings in BlackRock, Inc. (NYSE:BLK)

Olympiad Research LP lessened its stake in BlackRock, Inc. (NYSE:BLK) by 30.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 309 shares of the asset manager’s stock after selling 138 shares during the quarter. Olympiad Research LP’s holdings in BlackRock were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BLK. Fairscale Capital LLC acquired a new position in shares of BlackRock in the second quarter valued at approximately $31,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock in the third quarter valued at approximately $37,000. Chilton Capital Management LLC acquired a new position in shares of BlackRock in the first quarter valued at approximately $38,000. MFA Wealth Advisors LLC lifted its position in shares of BlackRock by 100.0% in 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 in the last quarter. Finally, Olistico Wealth LLC bought a new stake in shares of BlackRock in the second quarter worth $53,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Price Performance

Shares of BLK opened at $1,036.38 on Friday. The firm has a market capitalization of $153.52 billion, a PE ratio of 25.58, a PEG ratio of 1.78 and a beta of 1.30. The company’s 50-day moving average is $947.54 and its 200-day moving average is $857.04. BlackRock, Inc. has a fifty-two week low of $648.43 and a fifty-two week high of $1,057.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating the consensus estimate 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 revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $10.91 earnings per share. Equities analysts forecast that BlackRock, Inc. will post 42.94 EPS for the current year.

Insider Activity at BlackRock

In related news, Director Mark Wiedman sold 12,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 35,061 shares of company stock worth $30,734,840. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of research reports. StockNews.com initiated coverage on shares of BlackRock in a research report on Tuesday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. boosted their price objective on shares of BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. 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. Morgan Stanley boosted their price objective on shares of BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,004.54.

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.