Global Strategic Investment Solutions LLC Buys 97 Shares of BlackRock, Inc. (NYSE:BLK)

Global Strategic Investment Solutions LLC boosted its position in shares of BlackRock, Inc. (NYSE:BLK) by 35.7% during the third quarter, Holdings Channel.com reports. The fund owned 369 shares of the asset manager’s stock after acquiring an additional 97 shares during the quarter. Global Strategic Investment Solutions LLC’s holdings in BlackRock were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC grew its position in shares of BlackRock by 89,389.4% during the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after purchasing an additional 1,044,962 shares in the last quarter. International Assets Investment Management LLC grew its holdings in BlackRock by 104,468.9% during the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock valued at $7,526,120,000 after buying an additional 791,874 shares in the last quarter. Capital Research Global Investors raised its position in shares of BlackRock by 11.1% during the first quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after buying an additional 435,358 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of BlackRock by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock worth $10,990,052,000 after buying an additional 292,017 shares in the last quarter. Finally, M&G Plc bought a new position in shares of BlackRock during the first quarter worth $161,918,000. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

BlackRock stock traded up $10.26 during trading hours on Thursday, hitting $1,040.08. 100,705 shares of the stock traded hands, compared to its average volume of 571,773. BlackRock, Inc. has a 1 year low of $648.43 and a 1 year high of $1,057.51. The stock has a market capitalization of $154.07 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 1.77 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The firm’s 50 day moving average price is $947.54 and its 200-day moving average price is $857.04.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating the consensus estimate of $10.42 by $1.04. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company earned $10.91 earnings per share. As a group, equities analysts expect that BlackRock, Inc. will post 42.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on BLK shares. Citigroup boosted their price target on shares of BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Barclays increased their price target on BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their price objective on BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Evercore ISI increased their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,004.54.

Insider Buying and Selling

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $875.03, for a total value of $10,500,360.00. Following the completion of the transaction, the director now owns 6,480 shares in the company, valued at approximately $5,670,194.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 35,061 shares of company stock valued at $30,734,840. Corporate insiders own 0.90% of the company’s stock.

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.