BlackRock, Inc. (NYSE:BLK) Shares Sold by Windsor Group LTD

Windsor Group LTD lessened its position in shares of BlackRock, Inc. (NYSE:BLK) by 9.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,455 shares of the asset manager’s stock after selling 155 shares during the period. Windsor Group LTD’s holdings in BlackRock were worth $611,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BLK. Buckingham Capital Management Inc. grew its holdings in BlackRock by 1.6% during the 1st quarter. Buckingham Capital Management Inc. now owns 16,412 shares of the asset manager’s stock valued at $7,014,000 after purchasing an additional 259 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in BlackRock by 27.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 280,508 shares of the asset manager’s stock valued at $119,883,000 after purchasing an additional 60,236 shares during the last quarter. Marshall Wace LLP bought a new position in BlackRock during the 1st quarter valued at about $2,700,000. Marshall Wace North America L.P. bought a new position in BlackRock during the 1st quarter valued at about $1,433,000. Finally, First Financial Bank Trust Division grew its holdings in BlackRock by 1.5% during the 2nd quarter. First Financial Bank Trust Division now owns 16,722 shares of the asset manager’s stock valued at $7,847,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 81.84% of the company’s stock.

In related news, insider Jerkovic Milan 2,522,596 shares of the firm’s stock in a transaction dated Wednesday, October 9th. Also, Director J. Richard Kushel sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $446.74, for a total transaction of $893,480.00. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Shares of BLK traded up $5.48 during mid-day trading on Monday, hitting $450.52. The company’s stock had a trading volume of 3,080 shares, compared to its average volume of 616,950. The company’s 50-day moving average is $433.46 and its 200-day moving average is $447.33. BlackRock, Inc. has a 52-week low of $360.79 and a 52-week high of $487.45. The firm has a market capitalization of $69.66 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.56 and a beta of 1.54. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.77.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Tuesday, October 15th. The asset manager reported $7.15 earnings per share for the quarter, topping the consensus estimate of $6.95 by $0.20. BlackRock had a net margin of 29.31% and a return on equity of 13.00%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the company earned $7.52 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that BlackRock, Inc. will post 27.54 earnings per share for the current fiscal year.

Several brokerages recently commented on BLK. Morgan Stanley upped their price target on shares of BlackRock from $547.00 to $554.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Citigroup cut their price target on shares of BlackRock from $545.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. UBS Group upped their target price on shares of BlackRock from $515.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Credit Suisse Group set a $567.00 target price on shares of BlackRock and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Barclays restated a “buy” rating and issued a $485.00 target price on shares of BlackRock in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. BlackRock currently has a consensus rating of “Buy” and an average target price of $498.49.

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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