BlackRock, Inc. (NYSE:BLK) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 17.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,906 shares of the asset manager’s stock after selling 1,236 shares during the period. Los Angeles Capital Management LLC’s holdings in BlackRock were worth $5,608,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new position in shares of BlackRock in the 2nd quarter worth approximately $31,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock in the 3rd quarter worth approximately $37,000. MFA Wealth Advisors LLC grew its stake in shares of BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after purchasing an additional 20 shares during the last quarter. Olistico Wealth LLC acquired a new position in shares of BlackRock in the 2nd quarter worth approximately $53,000. Finally, ORG Partners LLC grew its stake in shares of BlackRock by 257.9% in the 2nd quarter. ORG Partners LLC now owns 68 shares of the asset manager’s stock worth $54,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity

In related news, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 6,480 shares of the company’s stock, 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BLK. Wells Fargo & Company lifted their price objective on shares of BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Evercore ISI raised their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. raised their target price on shares of BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, TD Cowen raised their target price on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and an average target price of $1,019.62.

BlackRock Trading Up 1.4 %

NYSE:BLK opened at $1,053.84 on Tuesday. BlackRock, Inc. has a 12 month low of $658.14 and a 12 month high of $1,068.34. The firm has a market cap of $156.11 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 1.86 and a beta of 1.30. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $953.10 and its 200-day moving average is $861.57.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating 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 analyst estimates of $5.03 billion. During the same quarter last year, the firm posted $10.91 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities analysts anticipate that BlackRock, Inc. will post 43.16 EPS for the current year.

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.