Huntington National Bank Has $42.67 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Huntington National Bank lessened its holdings in BlackRock, Inc. (NYSE:BLK) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,940 shares of the asset manager’s stock after selling 1,021 shares during the quarter. Huntington National Bank’s holdings in BlackRock were worth $42,670,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fairscale Capital LLC acquired a new stake in shares of BlackRock during the 2nd quarter valued at $31,000. Reston Wealth Management LLC acquired a new stake in shares of BlackRock during the 3rd quarter valued at $37,000. MFA Wealth Advisors LLC boosted its holdings in shares of BlackRock by 100.0% during the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares in the last quarter. Addison Advisors LLC boosted its holdings in shares of BlackRock by 81.5% during the 3rd quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 22 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of BlackRock during the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity at BlackRock

In related news, Director Mark Wiedman sold 12,000 shares of the business’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 completion of the sale, the director now directly owns 6,480 shares of the company’s stock, valued at $5,832,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Evercore ISI raised their price objective on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com initiated coverage on BlackRock in a research report on Wednesday. They set a “hold” rating for the company. Wells Fargo & Company raised their target price 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. Finally, TD Cowen raised their target price on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Three investment 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 presently has an average rating of “Moderate Buy” and an average price target of $1,019.62.

BlackRock Stock Performance

BLK stock opened at $1,030.86 on Thursday. The stock has a 50-day moving average price of $959.13 and a 200-day moving average price of $865.58. 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. The firm has a market cap 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 (NYSE:BLK) last posted its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.42 by $1.04. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period last year, the company posted $10.91 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts expect that BlackRock, Inc. will post 43.17 earnings per share for the current year.

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.