BlackRock, Inc. (NYSE:BLK) Shares Sold by Second Half Financial Partners LLC

Second Half Financial Partners LLC lessened its stake in BlackRock, Inc. (NYSE:BLK - Free Report) by 44.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,845 shares of the asset manager's stock after selling 3,859 shares during the period. BlackRock comprises about 2.4% of Second Half Financial Partners LLC's investment portfolio, making the stock its 9th largest position. Second Half Financial Partners LLC's holdings in BlackRock were worth $4,600,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its position in shares of BlackRock by 11.1% in the 1st quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager's stock worth $3,630,127,000 after acquiring an additional 435,358 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in BlackRock by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager's stock worth $1,310,762,000 after purchasing an additional 46,728 shares during the period. Legal & General Group Plc increased its stake in BlackRock by 1.9% during the second quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager's stock valued at $942,640,000 after purchasing an additional 22,311 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of BlackRock by 89,389.4% during the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager's stock worth $993,312,000 after purchasing an additional 1,044,962 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of BlackRock by 104,468.9% in the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager's stock worth $7,526,120,000 after buying an additional 791,874 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 6,480 shares in the company, valued at $5,832,000. This trade represents a 64.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on BLK. TD Cowen increased their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their price target on BlackRock from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. StockNews.com started coverage on BlackRock in a research report on Wednesday, November 13th. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft increased their target price on BlackRock from $1,105.00 to $1,133.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Evercore ISI boosted their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,019.62.

BlackRock Price Performance

Shares of NYSE:BLK traded down $21.59 during trading on Tuesday, reaching $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 twelve month low of $712.11 and a twelve month high of $1,068.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market capitalization of $159.28 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30. The firm's fifty day moving average is $972.48 and its 200 day moving average is $873.69.

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 analysts' consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The firm's quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the company posted $10.91 EPS. On average, equities analysts forecast that BlackRock, Inc. will post 43.17 EPS for the current year.

BlackRock Company 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.