Blake Schutter Theil Wealth Advisors LLC Purchases Shares of 1,179 BlackRock, Inc. (NYSE:BLK)

Blake Schutter Theil Wealth Advisors LLC acquired a new stake in BlackRock, Inc. (NYSE:BLK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,179 shares of the asset manager’s stock, valued at approximately $1,119,000.

Other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC increased its holdings in shares of BlackRock by 89,389.4% during the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after acquiring an additional 1,044,962 shares in the last quarter. International Assets Investment Management LLC increased its stake in BlackRock by 104,468.9% during the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock valued at $7,526,120,000 after purchasing an additional 791,874 shares in the last quarter. Capital Research Global Investors raised its holdings in BlackRock by 11.1% during the first quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock worth $3,630,127,000 after buying an additional 435,358 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of BlackRock by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock valued at $10,990,052,000 after buying an additional 292,017 shares in the last quarter. Finally, M&G Plc acquired a new position in shares of BlackRock during the first quarter valued at about $161,918,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Performance

Shares of BLK opened at $1,029.82 on Thursday. BlackRock, Inc. has a 1 year low of $646.91 and a 1 year 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. The stock’s fifty day moving average price is $947.54 and its two-hundred day moving average price is $857.04. The firm has a market cap of $152.55 billion, a PE ratio of 25.42, a PEG ratio of 1.77 and a beta of 1.30.

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, 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 quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.91 earnings per share. On average, equities research analysts forecast that BlackRock, Inc. will post 42.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen raised their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. StockNews.com started coverage on BlackRock in a report on Tuesday. They set a “hold” rating for the company. Argus raised their price objective on BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, Citigroup boosted their price target on shares of BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $995.31.

Insiders Place Their Bets

In other news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction on 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 completion of the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 35,061 shares of company stock worth $30,734,840 over the last 90 days. Corporate insiders own 0.90% of the company’s stock.

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.