YorkBridge Wealth Partners LLC Trims Holdings in BlackRock, Inc. (NYSE:BLK)

YorkBridge Wealth Partners LLC trimmed its stake in BlackRock, Inc. (NYSE:BLK) by 37.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,075 shares of the asset manager’s stock after selling 632 shares during the period. YorkBridge Wealth Partners LLC’s holdings in BlackRock were worth $479,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in BLK. Nuveen Asset Management LLC raised its stake in shares of BlackRock by 20,980.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 895,908 shares of the asset manager’s stock valued at $420,451,000 after acquiring an additional 891,658 shares during the period. Thoroughbred Financial Services LLC increased its holdings in BlackRock by 50,843.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 485,495 shares of the asset manager’s stock valued at $48,550,000 after acquiring an additional 484,542 shares in the last quarter. DNB Asset Management AS increased its holdings in BlackRock by 665.6% during the 3rd quarter. DNB Asset Management AS now owns 203,708 shares of the asset manager’s stock valued at $90,780,000 after acquiring an additional 177,099 shares in the last quarter. Invesco Ltd. increased its holdings in BlackRock by 32.9% during the 2nd quarter. Invesco Ltd. now owns 455,232 shares of the asset manager’s stock valued at $213,641,000 after acquiring an additional 112,605 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in BlackRock by 35.7% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 380,583 shares of the asset manager’s stock valued at $390,234,000 after acquiring an additional 100,075 shares in the last quarter. 81.84% of the stock is currently owned by institutional investors and hedge funds.

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $446.74, for a total transaction of $893,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jerkovic Milan 2,522,596 shares of the business’s stock in a transaction dated Wednesday, October 9th. 1.42% of the stock is owned by corporate insiders.

NYSE BLK traded up $5.38 on Monday, reaching $450.43. The company’s stock had a trading volume of 83,899 shares, compared to its average volume of 616,950. BlackRock, Inc. has a twelve month low of $360.79 and a twelve month high of $487.45. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.92 and a current ratio of 2.92. The stock has a market cap of $69.66 billion, a PE ratio of 16.73, a PEG ratio of 1.56 and a beta of 1.54. The firm’s 50 day moving average is $433.46 and its two-hundred day moving average is $447.33.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, October 15th. The asset manager reported $7.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.95 by $0.20. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.69 billion. BlackRock had a return on equity of 13.00% and a net margin of 29.31%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.52 EPS. Equities research analysts anticipate that BlackRock, Inc. will post 27.54 EPS for the current fiscal year.

A number of research firms have recently issued reports on BLK. Barclays reiterated a “buy” rating and set a $485.00 price objective on shares of BlackRock in a research note on Wednesday, October 9th. ValuEngine downgraded shares of BlackRock from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. UBS Group upped their price target on shares of BlackRock from $515.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 8th. 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. Finally, BMO Capital Markets started coverage on shares of BlackRock in a report on Monday, October 7th. They issued a “market perform” rating and a $547.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The stock 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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