Versor Investments LP Makes New $285,000 Investment in BlackRock, Inc. (NYSE:BLK)

Versor Investments LP bought a new position in BlackRock, Inc. (NYSE:BLK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 300 shares of the asset manager’s stock, valued at approximately $285,000.

Several other hedge funds have also added to or reduced their stakes in BLK. Fairscale Capital LLC bought a new stake in BlackRock in the second quarter worth $31,000. Reston Wealth Management LLC bought a new position in shares of BlackRock during the third quarter valued at $37,000. MFA Wealth Advisors LLC lifted its holdings in shares of BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 20 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of BlackRock by 81.5% during the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 22 shares in the last quarter. Finally, Olistico Wealth LLC bought a new position in shares of BlackRock during the second quarter valued at $53,000. 80.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BLK shares. StockNews.com started coverage on BlackRock in a report on Wednesday. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft upped their price target on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group upped their price target on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays increased their target price on BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Wells Fargo & Company increased their target price on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a report 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. Based on data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and an average target price of $1,019.62.

BlackRock Stock Performance

Shares of BLK opened at $1,046.87 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $965.44 and a two-hundred day simple moving average of $867.99. The stock has a market cap of $155.07 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.84 and a beta of 1.30. BlackRock, Inc. has a 52 week low of $708.75 and a 52 week high of $1,068.34.

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

Insider Buying and Selling

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the firm’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 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 filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by company insiders.

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.