Mason Street Advisors LLC Sells 232 Shares of BlackRock, Inc. (NYSE:BLK)

Mason Street Advisors LLC reduced its position in shares of BlackRock, Inc. (NYSE:BLK) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,737 shares of the asset manager’s stock after selling 232 shares during the quarter. Mason Street Advisors LLC’s holdings in BlackRock were worth $7,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Virtus ETF Advisers LLC bought a new stake in BlackRock during the 2nd quarter worth about $27,000. Massey Quick Simon & CO. LLC bought a new stake in BlackRock during the 2nd quarter worth about $31,000. Garrett Wealth Advisory Group LLC bought a new stake in BlackRock during the 3rd quarter worth about $30,000. MRA Associates USA LLC bought a new stake in BlackRock during the 2nd quarter worth about $33,000. Finally, Ellevest Inc. raised its holdings in BlackRock by 89.2% during the 2nd quarter. Ellevest Inc. now owns 70 shares of the asset manager’s stock worth $33,000 after purchasing an additional 33 shares during the last quarter. 82.02% of the stock is owned by hedge funds and other institutional investors.

In other BlackRock news, insider Jerkovic Milan 2,522,596 shares of the firm’s stock in a transaction dated Wednesday, October 9th. Also, CEO Laurence Fink sold 100 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $457.02, for a total value of $45,702.00. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Shares of BLK traded down $1.60 on Tuesday, hitting $485.19. The company’s stock had a trading volume of 19,956 shares, compared to its average volume of 539,311. BlackRock, Inc. has a fifty-two week low of $360.79 and a fifty-two week high of $495.39. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average price is $450.49 and its 200-day moving average price is $449.29. The firm has a market capitalization of $75.77 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.69 and a beta of 1.54.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Tuesday, October 15th. The asset manager reported $7.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.95 by $0.20. BlackRock had a return on equity of 13.00% and a net margin of 29.31%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm posted $7.52 EPS. The business’s revenue was up 3.2% on a year-over-year basis. As a group, equities analysts predict that BlackRock, Inc. will post 27.61 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. Citigroup lowered their price target on BlackRock from $545.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Barclays reaffirmed a “buy” rating and issued a $485.00 price target on shares of BlackRock in a research note on Wednesday, October 9th. ValuEngine cut BlackRock from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Credit Suisse Group set a $567.00 price target on BlackRock and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. lowered their price target on BlackRock from $527.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $507.10.

About BlackRock

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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