Hills Bank & Trust Co Reduces Position in BlackRock, Inc. (NYSE:BLK)

Hills Bank & Trust Co decreased its stake in BlackRock, Inc. (NYSE:BLK) by 2.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,869 shares of the asset manager’s stock after selling 38 shares during the period. Hills Bank & Trust Co’s holdings in BlackRock were worth $1,775,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fairscale Capital LLC acquired a new position in shares of BlackRock in the 2nd quarter valued at $31,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock in the 3rd quarter valued at $37,000. Chilton Capital Management LLC acquired a new stake in BlackRock during the 1st quarter worth $38,000. MFA Wealth Advisors LLC boosted its stake in BlackRock by 100.0% during 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 period. Finally, Olistico Wealth LLC acquired a new stake in BlackRock during the 2nd quarter worth $53,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

BLK has been the subject of a number of recent research reports. TD Cowen increased their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Morgan Stanley increased their price target on shares of BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Evercore ISI increased their price target on shares of BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price target on shares of BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, Argus increased their price target on shares of BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $995.31.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction dated 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 completion of the sale, the director now directly owns 6,480 shares in the company, valued at $5,832,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Laurence Fink sold 29,450 shares of BlackRock stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the sale, the chief executive officer now owns 353,718 shares of the company’s stock, valued at approximately $298,272,703.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 64,511 shares of company stock worth $55,568,552. 0.90% of the stock is owned by corporate insiders.

BlackRock Stock Performance

Shares of BLK opened at $980.60 on Friday. The company has a 50-day simple moving average of $937.94 and a 200-day simple moving average of $849.30. 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 has a market capitalization of $145.26 billion, a PE ratio of 24.20, a P/E/G ratio of 1.76 and a beta of 1.30. BlackRock, Inc. has a 52-week low of $604.41 and a 52-week high of $1,032.00.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $10.91 EPS. Equities research analysts predict that BlackRock, Inc. will post 42.94 earnings per share 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.