BlackRock $BLK Shares Acquired by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA increased its stake in shares of BlackRock (NYSE:BLK) by 9.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,151 shares of the asset manager’s stock after buying an additional 100 shares during the period. Middleton & Co. Inc. MA’s holdings in BlackRock were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Securian Asset Management Inc. acquired a new stake in shares of BlackRock during the first quarter valued at $7,331,000. Prudent Man Advisors LLC acquired a new stake in BlackRock during the 1st quarter valued at $2,018,000. Allianz SE lifted its holdings in BlackRock by 2.6% in the 1st quarter. Allianz SE now owns 11,025 shares of the asset manager’s stock worth $10,435,000 after buying an additional 277 shares in the last quarter. Arizona State Retirement System purchased a new position in BlackRock in the 1st quarter valued at about $40,868,000. Finally, Weil Company Inc. grew its stake in shares of BlackRock by 194.6% during the first quarter. Weil Company Inc. now owns 2,074 shares of the asset manager’s stock valued at $1,963,000 after acquiring an additional 1,370 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Down 0.3%

Shares of BlackRock stock opened at $1,070.02 on Friday. The stock has a market capitalization of $165.70 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 1.90 and a beta of 1.48. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $1,131.56 and its 200-day simple moving average is $1,066.45.

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

Analysts Set New Price Targets

Several research firms have issued reports on BLK. The Goldman Sachs Group lifted their price objective on BlackRock from $1,163.00 to $1,312.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Citigroup lifted their price target on shares of BlackRock from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Loop Capital set a $1,255.00 target price on shares of BlackRock in a research note on Tuesday, October 21st. Argus increased their price target on shares of BlackRock from $1,165.00 to $1,330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on BlackRock from $1,215.00 to $1,300.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,299.29.

Insider Transactions at BlackRock

In related news, Director Rachel Lord sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the sale, the director directly owned 7,205 shares in the company, valued at $8,394,113.20. This trade represents a 62.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.98% of the stock is owned by insiders.

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.