BlackRock, Inc. (NYSE:BLK) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 8.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,478 shares of the asset manager’s stock after purchasing an additional 7,881 shares during the period. Natixis Advisors LLC’s holdings in BlackRock were worth $94,455,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Axxcess Wealth Management LLC lifted its stake in shares of BlackRock by 35.8% in the 1st quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager’s stock valued at $3,945,000 after purchasing an additional 1,248 shares in the last quarter. Cetera Investment Advisers grew its stake in 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 buying an additional 30,274 shares during the period. GAMMA Investing LLC increased its position in shares of BlackRock by 62.8% in the second quarter. GAMMA Investing LLC now owns 2,291 shares of the asset manager’s stock worth $1,804,000 after acquiring an additional 884 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of BlackRock by 20.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 21,333 shares of the asset manager’s stock valued at $20,256,000 after acquiring an additional 3,675 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its position in BlackRock by 16.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 24,265 shares of the asset manager’s stock worth $23,040,000 after purchasing an additional 3,511 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the sale, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. This represents a 64.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Stock Performance

BLK stock opened at $1,047.37 on Friday. The firm has a market cap of $155.14 billion, a P/E ratio of 25.85, a P/E/G ratio of 1.84 and a beta of 1.30. The stock’s 50 day simple moving average is $969.04 and its 200 day simple moving average is $870.78. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. BlackRock, Inc. has a 12-month low of $708.75 and a 12-month high of $1,068.34.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the firm posted $10.91 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities research analysts predict that BlackRock, Inc. will post 43.17 EPS for the current year.

Wall Street Analysts Forecast Growth

BLK has been the topic of several analyst reports. Evercore ISI raised their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays boosted their target price on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. 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. StockNews.com started coverage on shares of BlackRock in a research report on Wednesday. They issued a “hold” rating for the company. Finally, TD Cowen raised their target price on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three equities research 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 a consensus rating of “Moderate Buy” and an average target price of $1,019.62.

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.