Dumont & Blake Investment Advisors LLC Has $3.46 Million Position in BlackRock, Inc. (NYSE:BLK)

Dumont & Blake Investment Advisors LLC reduced its position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 50.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,639 shares of the asset manager's stock after selling 3,719 shares during the quarter. BlackRock comprises 0.9% of Dumont & Blake Investment Advisors LLC's portfolio, making the stock its 22nd largest holding. Dumont & Blake Investment Advisors LLC's holdings in BlackRock were worth $3,455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC boosted its stake in BlackRock by 0.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager's stock valued at $3,251,000 after purchasing an additional 11 shares in the last quarter. West Michigan Advisors LLC lifted its position in shares of BlackRock by 22.4% during the 3rd quarter. West Michigan Advisors LLC now owns 640 shares of the asset manager's stock valued at $608,000 after acquiring an additional 117 shares during the last quarter. Dakota Wealth Management lifted its position in shares of BlackRock by 1,293.5% during the 3rd quarter. Dakota Wealth Management now owns 17,015 shares of the asset manager's stock valued at $16,156,000 after acquiring an additional 15,794 shares during the last quarter. Investment Research & Advisory Group Inc. lifted its position in shares of BlackRock by 1.2% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 5,301 shares of the asset manager's stock valued at $5,037,000 after acquiring an additional 64 shares during the last quarter. Finally, DT Investment Partners LLC lifted its position in shares of BlackRock by 0.5% during the 3rd quarter. DT Investment Partners LLC now owns 2,634 shares of the asset manager's stock valued at $2,501,000 after acquiring an additional 13 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Insider Activity at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the firm's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the transaction, the director now owns 6,480 shares in the company, valued at $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the firm's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the transaction, the director now owns 6,480 shares in the company, valued at $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela Daley sold 1,531 shares of the firm's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the transaction, the director now owns 5,732 shares of the company's stock, valued at approximately $4,826,802.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,042 shares of company stock worth $56,857,777. Company insiders own 0.90% of the company's stock.

BlackRock Stock Performance

Shares of NYSE:BLK traded down $9.93 during midday trading on Friday, hitting $974.07. The company's stock had a trading volume of 431,696 shares, compared to its average volume of 573,772. The stock has a market capitalization of $144.75 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.94 and a beta of 1.30. The stock's 50 day simple moving average is $926.47 and its 200 day simple moving average is $842.59. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $1,032.00. 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 (EPS) for the quarter, beating the consensus estimate of $10.42 by $1.04. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the business posted $10.91 earnings per share. The firm's revenue was up 14.9% compared to the same quarter last year. As a group, research analysts anticipate that BlackRock, Inc. will post 41.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BLK. Barclays increased their price objective 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. StockNews.com initiated coverage on BlackRock in a report on Sunday, October 20th. They issued a "hold" rating for the company. Citigroup increased their target price on BlackRock from $920.00 to $930.00 and gave the company a "buy" rating in a report on Tuesday, July 16th. Morgan Stanley increased their target price on BlackRock from $1,150.00 to $1,245.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their target price on BlackRock from $864.00 to $914.00 and gave the company a "neutral" rating in a report on Monday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $995.31.

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.