BlackRock, Inc. (NYSE:BLK) Shares Bought by Rather & Kittrell Inc.

Rather & Kittrell Inc. lifted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 35.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 409 shares of the asset manager’s stock after purchasing an additional 106 shares during the period. Rather & Kittrell Inc.’s holdings in BlackRock were worth $388,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BLK. Fairscale Capital LLC bought a new position in shares of BlackRock in the 2nd quarter worth about $31,000. Reston Wealth Management LLC bought a new stake in shares of BlackRock in the 3rd quarter worth approximately $37,000. Chilton Capital Management LLC acquired a new position in BlackRock during the 1st quarter valued at approximately $38,000. MFA Wealth Advisors LLC grew its stake in BlackRock by 100.0% during the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after buying an additional 20 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new stake in BlackRock in the second quarter worth $53,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Up 0.3 %

NYSE BLK opened at $1,039.28 on Friday. BlackRock, Inc. has a twelve month low of $650.63 and a twelve month high of $1,057.51. The stock has a market cap of $153.95 billion, a PE ratio of 25.65, a PEG ratio of 1.78 and a beta of 1.30. The firm has a 50-day simple moving average of $953.10 and a 200 day simple moving average of $860.23. 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 posted its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.42 by $1.04. The firm had revenue of $5.20 billion during 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 prior year, the business posted $10.91 earnings per share. On average, research analysts forecast that BlackRock, Inc. will post 42.94 EPS for the current year.

Wall Street Analyst Weigh In

BLK has been the topic of a number of research analyst reports. TD Cowen raised their price target on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. raised their price objective on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Citigroup upped their price target on shares of BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, StockNews.com began coverage on shares of BlackRock in a research note on Tuesday. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,004.54.

Insider Activity

In other news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were 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 of the company’s stock, valued at $5,832,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 35,061 shares of company stock worth $30,734,840. Insiders own 0.90% of the company’s stock.

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.