Keybank National Association OH Reduces Position in BlackRock $BLK

Keybank National Association OH cut its position in BlackRock (NYSE:BLK) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,555 shares of the asset manager’s stock after selling 807 shares during the period. Keybank National Association OH’s holdings in BlackRock were worth $39,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BLK. Brighton Jones LLC boosted its holdings in shares of BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock valued at $1,615,000 after buying an additional 296 shares in the last quarter. Bison Wealth LLC boosted its holdings in shares of BlackRock by 1.6% in the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after buying an additional 17 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of BlackRock in the 1st quarter valued at $208,000. Deseret Mutual Benefit Administrators acquired a new position in shares of BlackRock in the 1st quarter valued at $143,000. Finally, Mather Group LLC. boosted its holdings in shares of BlackRock by 3.7% in the 1st quarter. Mather Group LLC. now owns 1,571 shares of the asset manager’s stock valued at $1,487,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the subject of several research analyst reports. The Goldman Sachs Group upped their target price on shares of BlackRock from $1,163.00 to $1,312.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Telsey Advisory Group restated an “outperform” rating on shares of BlackRock in a report on Tuesday, July 8th. Evercore ISI increased their price target on shares of BlackRock from $1,200.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Keefe, Bruyette & Woods increased their price target on shares of BlackRock from $1,215.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Finally, Barclays increased their price target on shares of BlackRock from $1,310.00 to $1,360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,299.29.

BlackRock Stock Down 2.3%

Shares of BlackRock stock opened at $1,098.88 on Thursday. The company has a market cap of $170.16 billion, a P/E ratio of 28.26, a PEG ratio of 1.95 and a beta of 1.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. BlackRock has a one year low of $773.74 and a one year high of $1,219.94. The firm has a fifty day moving average of $1,138.79 and a two-hundred day moving average of $1,059.55.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). The firm had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.22 billion. BlackRock had a return on equity of 15.36% and a net margin of 26.64%.The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.46 EPS. On average, analysts forecast that BlackRock will post 47.41 earnings per share for the current year.

Insider Buying and Selling

In other BlackRock news, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the completion of the transaction, the director owned 7,205 shares in the company, valued at approximately $8,394,113.20. This represents a 62.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.98% 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.