Curi RMB Capital LLC Purchases 310 Shares of BlackRock, Inc. (NYSE:BLK)

Curi RMB Capital LLC grew its holdings in BlackRock, Inc. (NYSE:BLK) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,798 shares of the asset manager’s stock after purchasing an additional 310 shares during the quarter. Curi RMB Capital LLC’s holdings in BlackRock were worth $13,101,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BLK. Fairscale Capital LLC acquired a new position in shares of BlackRock during the 2nd quarter worth about $31,000. Reston Wealth Management LLC bought a new position in shares of BlackRock during the third quarter worth $37,000. MFA Wealth Advisors LLC grew its holdings 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 valued at $38,000 after buying an additional 20 shares during the period. Addison Advisors LLC increased its position in shares of BlackRock by 81.5% in the 3rd quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after buying an additional 22 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in BlackRock during the 3rd quarter worth $54,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research report on Monday. Barclays upped their price target on shares of BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Wells Fargo & Company raised their price objective on shares of BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. The Goldman Sachs Group upped their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price target on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,019.62.

Insider Buying and Selling at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of BlackRock 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 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 is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

BlackRock Trading Down 0.5 %

Shares of BlackRock stock opened at $1,030.86 on Thursday. The firm’s 50 day moving average is $962.02 and its 200 day moving average is $866.74. The firm has a market capitalization of $152.70 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30. BlackRock, Inc. has a 1 year low of $673.00 and a 1 year high of $1,068.34. 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 (NYSE:BLK) last issued its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the previous year, the company posted $10.91 EPS. BlackRock’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts forecast that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal year.

BlackRock Company 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.