Braun Stacey Associates Inc. Decreases Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Braun Stacey Associates Inc. lessened its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,824 shares of the asset manager's stock after selling 1,733 shares during the quarter. Braun Stacey Associates Inc.'s holdings in BlackRock were worth $22,621,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board boosted its holdings in shares of BlackRock by 34.8% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 1,844 shares of the asset manager's stock worth $1,537,000 after purchasing an additional 476 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in BlackRock by 39.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,494 shares of the asset manager's stock valued at $13,751,000 after buying an additional 4,700 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of BlackRock by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 64,066 shares of the asset manager's stock worth $53,412,000 after acquiring an additional 191 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of BlackRock by 19.1% during the 1st quarter. Bessemer Group Inc. now owns 2,677 shares of the asset manager's stock worth $2,232,000 after acquiring an additional 429 shares during the period. Finally, Lake Street Advisors Group LLC boosted its position in shares of BlackRock by 34.4% during the 1st quarter. Lake Street Advisors Group LLC now owns 1,418 shares of the asset manager's stock valued at $1,182,000 after acquiring an additional 363 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the transaction, the director now owns 6,480 shares in the company, valued at approximately $5,832,000. The trade was a 64.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

BLK has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of BlackRock from $864.00 to $914.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. The Goldman Sachs Group lifted their price target 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. Deutsche Bank Aktiengesellschaft lifted their target price on BlackRock from $1,105.00 to $1,133.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Evercore ISI upped their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Barclays boosted their target price on BlackRock from $1,010.00 to $1,120.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, BlackRock currently has an average rating of "Moderate Buy" and a consensus price target of $1,019.62.

BlackRock Stock Performance

NYSE BLK traded down $2.37 on Monday, reaching $1,045.00. The stock had a trading volume of 213,365 shares, compared to its average volume of 573,143. The stock has a market cap of $161.85 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30. BlackRock, Inc. has a 12-month low of $712.11 and a 12-month high of $1,068.34. The business's 50-day moving average price is $969.04 and its 200 day moving average price is $871.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping analysts' consensus estimates of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.03 billion. During the same quarter in the prior year, the business earned $10.91 EPS. BlackRock's quarterly revenue was up 14.9% compared to the same quarter last year. As a group, equities analysts expect that BlackRock, Inc. will post 43.17 earnings per share for the current year.

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.