BlackRock, Inc. (NYSE:BLK) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its stake in BlackRock, Inc. (NYSE:BLK) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,989 shares of the asset manager’s stock after acquiring an additional 355 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in BlackRock were worth $3,788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Metis Global Partners LLC increased its stake in BlackRock by 2.4% in the third quarter. Metis Global Partners LLC now owns 5,427 shares of the asset manager’s stock valued at $5,153,000 after purchasing an additional 125 shares during the last quarter. Curi RMB Capital LLC grew its holdings in BlackRock by 2.3% in the 3rd quarter. Curi RMB Capital LLC now owns 13,798 shares of the asset manager’s stock valued at $13,101,000 after buying an additional 310 shares during the period. Plato Investment Management Ltd increased its stake in shares of BlackRock by 1.0% during the 3rd quarter. Plato Investment Management Ltd now owns 5,912 shares of the asset manager’s stock valued at $5,608,000 after acquiring an additional 59 shares during the last quarter. Mizuho Securities Co. Ltd. lifted its holdings in shares of BlackRock by 75.0% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 140 shares of the asset manager’s stock worth $133,000 after acquiring an additional 60 shares during the period. Finally, Schrum Private Wealth Management LLC purchased a new position in BlackRock during the third quarter worth approximately $268,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BlackRock 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 transaction of $10,800,000.00. Following the sale, the director now 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

Shares of BlackRock stock traded up $13.33 during trading hours on Thursday, reaching $1,044.31. The company’s stock had a trading volume of 54,315 shares, compared to its average volume of 570,224. 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, Inc. has a one year low of $697.70 and a one year high of $1,068.34. The company’s 50 day simple moving average is $962.02 and its 200 day simple moving average is $866.74. The stock has a market cap of $154.69 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $10.91 EPS. As a group, analysts expect that BlackRock, Inc. will post 43.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BLK shares. The Goldman Sachs Group lifted their target price on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. TD Cowen upped their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price objective on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley upped their target price on BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. raised their target price on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,019.62.

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.