James Investment Research Inc. Has $8.06 Million Holdings in BlackRock, Inc. (NYSE:BLK)

James Investment Research Inc. reduced its position in BlackRock, Inc. (NYSE:BLK) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,491 shares of the asset manager’s stock after selling 85 shares during the period. BlackRock comprises about 0.9% of James Investment Research Inc.’s holdings, making the stock its 26th largest position. James Investment Research Inc.’s holdings in BlackRock were worth $8,062,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of BlackRock by 60.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,783 shares of the asset manager’s stock valued at $24,830,000 after acquiring an additional 11,243 shares during the last quarter. Norden Group LLC increased its holdings in shares of BlackRock by 38.5% during the 1st quarter. Norden Group LLC now owns 648 shares of the asset manager’s stock valued at $540,000 after acquiring an additional 180 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in BlackRock during the 1st quarter valued at approximately $508,000. 1834 Investment Advisors Co. boosted its stake in BlackRock by 6.6% during the 1st quarter. 1834 Investment Advisors Co. now owns 728 shares of the asset manager’s stock valued at $607,000 after purchasing an additional 45 shares during the period. Finally, Resonant Capital Advisors LLC boosted its stake in BlackRock by 8.0% during the 1st quarter. Resonant Capital Advisors LLC now owns 678 shares of the asset manager’s stock valued at $565,000 after purchasing an additional 50 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Trading Up 0.5 %

NYSE BLK opened at $985.71 on Friday. The stock has a 50-day simple moving average of $940.00 and a 200 day simple moving average of $850.84. The company has a market capitalization of $146.01 billion, a PE ratio of 24.33, a P/E/G ratio of 1.76 and a beta of 1.30. 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 $623.77 and a 12 month high of $1,032.00.

BlackRock (NYSE:BLK) last released its quarterly earnings data 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 the consensus estimate of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.91 earnings per share. Research analysts forecast that BlackRock, Inc. will post 42.94 EPS for the current year.

Analyst Ratings Changes

BLK has been the subject of several recent analyst reports. Morgan Stanley increased their target price on BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Company raised their price objective on BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price objective on BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Argus raised their price objective on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Citigroup raised their price objective on BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $995.31.

Insider Activity at BlackRock

In related news, CEO Laurence Fink sold 29,450 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total value of $24,833,712.50. Following the completion of the sale, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Laurence Fink sold 29,450 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the completion of the transaction, the chief executive officer now directly owns 353,718 shares of the company’s stock, valued at $298,272,703.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Wiedman sold 12,000 shares of the company’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 transaction, the director now directly owns 6,480 shares of the company’s stock, valued at $5,832,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,511 shares of company stock worth $55,568,552. 0.90% of the stock is owned by insiders.

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.