B. Metzler seel. Sohn & Co. Holding AG Makes New $115.38 Million Investment in BlackRock, Inc. (NYSE:BLK)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 121,512 shares of the asset manager's stock, valued at approximately $115,377,000. BlackRock makes up approximately 1.1% of B. Metzler seel. Sohn & Co. Holding AG's investment portfolio, making the stock its 18th biggest position. B. Metzler seel. Sohn & Co. Holding AG owned 0.08% of BlackRock as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Axxcess Wealth Management LLC lifted its holdings in shares of BlackRock by 35.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager's stock valued at $3,945,000 after acquiring an additional 1,248 shares in the last quarter. Cetera Investment Advisers grew its position in shares of BlackRock by 219.5% during the first quarter. Cetera Investment Advisers now owns 44,065 shares of the asset manager's stock worth $36,737,000 after buying an additional 30,274 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of BlackRock by 20.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager's stock worth $3,169,000 after purchasing an additional 565 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of BlackRock by 62.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,291 shares of the asset manager's stock valued at $1,804,000 after purchasing an additional 884 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its stake in BlackRock by 20.8% in the third quarter. Aptus Capital Advisors LLC now owns 21,333 shares of the asset manager's stock worth $20,256,000 after purchasing an additional 3,675 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the transaction, the director now owns 6,480 shares in the company, valued at $5,832,000. This represents a 64.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on BLK shares. Evercore ISI increased their target price on BlackRock from $1,040.00 to $1,160.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $864.00 to $914.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Morgan Stanley raised their price target on shares of BlackRock from $1,150.00 to $1,245.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on shares of BlackRock from $960.00 to $1,040.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company lifted their target price on BlackRock from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, BlackRock currently has an average rating of "Moderate Buy" and a consensus price target of $1,019.62.

BlackRock Price Performance

Shares of BlackRock stock traded down $21.59 on Tuesday, hitting $1,028.38. The company had a trading volume of 673,495 shares, compared to its average volume of 575,065. BlackRock, Inc. has a 52 week low of $712.11 and a 52 week high of $1,068.34. The company has a market cap of $159.28 billion, a PE ratio of 25.91, a PEG ratio of 1.87 and a beta of 1.30. The business has a 50-day simple moving average of $972.48 and a 200-day simple moving average of $873.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.42 by $1.04. The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The company's quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $10.91 earnings per share. Research analysts expect that BlackRock, Inc. will post 43.17 EPS for the current fiscal year.

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.