BlackRock, Inc. (NYSE:BLK) Shares Purchased by Mendel Capital Management LLC

Mendel Capital Management LLC raised its stake in BlackRock, Inc. (NYSE:BLK) by 5.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,000 shares of the asset manager’s stock after buying an additional 55 shares during the quarter. Mendel Capital Management LLC’s holdings in BlackRock were worth $950,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BLK. Holistic Financial Partners lifted its position in BlackRock by 21.6% in the 3rd quarter. Holistic Financial Partners now owns 551 shares of the asset manager’s stock valued at $523,000 after purchasing an additional 98 shares during the last quarter. GLOBALT Investments LLC GA increased its stake in shares of BlackRock by 3.2% in the third quarter. GLOBALT Investments LLC GA now owns 1,121 shares of the asset manager’s stock valued at $1,064,000 after purchasing an additional 35 shares during the period. TrinityPoint Wealth LLC raised its holdings in shares of BlackRock by 3.8% during the third quarter. TrinityPoint Wealth LLC now owns 1,494 shares of the asset manager’s stock valued at $1,419,000 after buying an additional 54 shares during the last quarter. Claro Advisors LLC boosted its position in shares of BlackRock by 9.0% during the third quarter. Claro Advisors LLC now owns 1,820 shares of the asset manager’s stock worth $1,728,000 after buying an additional 151 shares during the period. Finally, Concord Asset Management LLC VA grew its holdings in BlackRock by 3.8% in the 3rd quarter. Concord Asset Management LLC VA now owns 462 shares of the asset manager’s stock worth $439,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction that occurred 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 approximately $5,832,000. This trade represents a 64.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Evercore ISI lifted their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com started coverage on shares of BlackRock in a research report on Wednesday, November 13th. They set a “hold” rating on the stock. Finally, Morgan Stanley increased their price objective on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and an average price target of $1,019.62.

BlackRock Stock Up 0.0 %

BLK stock opened at $1,047.37 on Monday. The firm has a market cap of $162.22 billion, a PE ratio of 25.85, a PEG ratio of 1.87 and a beta of 1.30. BlackRock, Inc. has a 1 year low of $708.75 and a 1 year high of $1,068.34. The company has a fifty day simple moving average of $969.04 and a 200 day simple moving average of $871.62. 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 announced its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (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 analysts’ expectations of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.91 earnings per share. Sell-side analysts anticipate that BlackRock, Inc. will post 43.17 EPS for the current fiscal 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.