BlackRock, Inc. (NYSE:BLK) Holdings Trimmed by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. decreased its holdings in BlackRock, Inc. (NYSE:BLK - Free Report) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,580 shares of the asset manager's stock after selling 1,853 shares during the quarter. BlackRock makes up approximately 3.1% of Tandem Investment Advisors Inc.'s holdings, making the stock its 16th largest holding. Tandem Investment Advisors Inc. owned 0.06% of BlackRock worth $82,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLK. Vanguard Group Inc. grew its holdings in shares of BlackRock by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager's stock worth $10,990,052,000 after purchasing an additional 292,017 shares during the period. Capital Research Global Investors boosted its holdings in 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 during the period. Ameriprise Financial Inc. boosted its holdings in BlackRock by 2.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager's stock worth $1,310,762,000 after acquiring an additional 46,728 shares during the period. Legal & General Group Plc boosted its holdings in BlackRock by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager's stock worth $942,640,000 after acquiring an additional 22,311 shares during the period. Finally, Pathway Financial Advisers LLC boosted its holdings in BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager's stock worth $993,312,000 after acquiring an additional 1,044,962 shares during the period. Hedge funds and other institutional investors own 80.69% of the company's stock.

Insider Buying and Selling

In other news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $875.03, for a total value of $10,500,360.00. Following the completion of the transaction, the director now owns 6,480 shares of the company's stock, valued at approximately $5,670,194.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 35,061 shares of company stock worth $30,734,840 in the last three months. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

BLK has been the subject of a number of analyst reports. Evercore ISI upped their price target on BlackRock from $1,040.00 to $1,160.00 and gave the stock an "outperform" rating in a report on Thursday. Barclays upped 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. JPMorgan Chase & Co. upped their target price on BlackRock from $864.00 to $914.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. TD Cowen upped their target price on BlackRock from $960.00 to $1,077.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Argus upped their target price on BlackRock from $880.00 to $910.00 and gave the company a "buy" rating in a research report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, BlackRock presently has an average rating of "Moderate Buy" and an average price target of $1,004.54.

BlackRock Stock Performance

BLK traded up $3.22 during trading on Friday, reaching $1,039.28. 453,708 shares of the company were exchanged, compared to its average volume of 573,204. The stock has a market cap of $153.95 billion, a P/E ratio of 25.65, a PEG ratio of 1.78 and a beta of 1.30. The firm has a 50 day moving average of $953.10 and a 200 day moving average of $860.23. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. BlackRock, Inc. has a 52 week low of $650.63 and a 52 week high of $1,057.51.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping analysts' consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The firm's revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $10.91 EPS. On average, sell-side analysts forecast that BlackRock, Inc. will post 42.94 EPS for the current fiscal 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.