Measured Wealth Private Client Group LLC Sells 57 Shares of BlackRock, Inc. (NYSE:BLK)

Measured Wealth Private Client Group LLC reduced its position in BlackRock, Inc. (NYSE:BLK) by 14.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 338 shares of the asset manager’s stock after selling 57 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in BlackRock were worth $321,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BLK. Oak Harvest Investment Services raised its holdings in BlackRock by 8.8% during the third quarter. Oak Harvest Investment Services now owns 11,437 shares of the asset manager’s stock worth $10,859,000 after buying an additional 925 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of BlackRock by 1.9% in the third quarter. Pinnacle Associates Ltd. now owns 43,009 shares of the asset manager’s stock valued at $40,837,000 after purchasing an additional 813 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in BlackRock by 22.9% during the third quarter. First Trust Direct Indexing L.P. now owns 6,089 shares of the asset manager’s stock worth $5,782,000 after buying an additional 1,135 shares during the last quarter. Echo45 Advisors LLC purchased a new stake in BlackRock during the third quarter worth about $1,080,000. Finally, Highline Wealth Partners LLC purchased a new stake in BlackRock during the third quarter worth about $2,216,000. 80.69% of the stock is owned by institutional investors.

Insider Transactions at BlackRock

In other news, Director Pamela Daley sold 1,531 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the transaction, the director now directly owns 5,732 shares of the company’s stock, valued at $4,826,802.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Mark Wiedman sold 11,061 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $852.95, for a total transaction of $9,434,479.95. Following the completion of the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $5,527,116. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pamela Daley sold 1,531 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the transaction, the director now owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,042 shares of company stock valued at $56,857,777 in the last three months. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays increased 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. Evercore ISI lifted their target price on shares of BlackRock from $995.00 to $1,040.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. StockNews.com began coverage on shares of BlackRock in a report on Monday. They issued a “hold” rating for the company. JPMorgan Chase & Co. upped their price target on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, UBS Group lowered their price target on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $995.31.

BlackRock Price Performance

Shares of BLK stock opened at $973.48 on Thursday. The stock’s 50-day simple moving average is $935.63 and its 200-day simple moving average is $848.38. The firm has a market capitalization of $144.20 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 1.94 and a beta of 1.30. BlackRock, Inc. has a fifty-two week low of $604.41 and a fifty-two week high of $1,032.00. 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 (NYSE:BLK) last announced its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the company posted $10.91 earnings per share. BlackRock’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities analysts forecast that BlackRock, Inc. will post 41.73 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.