BlackRock, Inc. (NYSE:BLK) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its holdings in BlackRock, Inc. (NYSE:BLK) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,227 shares of the asset manager’s stock after selling 39 shares during the quarter. Sigma Planning Corp’s holdings in BlackRock were worth $1,165,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BLK. Fairscale Capital LLC purchased a new stake in BlackRock during the second quarter worth approximately $31,000. Reston Wealth Management LLC acquired a new stake in BlackRock during the third quarter worth approximately $37,000. MFA Wealth Advisors LLC boosted its holdings in shares of BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after buying an additional 20 shares in the last quarter. Olistico Wealth LLC purchased a new position in shares of BlackRock in the 2nd quarter valued at $53,000. Finally, ORG Partners LLC raised its stake in BlackRock by 257.9% during the 2nd quarter. ORG Partners LLC now owns 68 shares of the asset manager’s stock worth $54,000 after acquiring an additional 49 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley raised their price target on BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Barclays boosted their price objective on BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their target price on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and an average target price of $1,019.62.

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction dated Friday, August 30th. The shares were 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

BlackRock Price Performance

Shares of NYSE:BLK opened at $1,036.09 on Wednesday. BlackRock, Inc. has a 52 week low of $658.14 and a 52 week high of $1,068.34. The company has a 50-day moving average price of $956.14 and a 200 day moving average price of $863.66. The company has a market cap of $153.48 billion, a P/E ratio of 25.57, a PEG ratio of 1.86 and a beta of 1.30. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating 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 business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period last year, the firm earned $10.91 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Research analysts predict that BlackRock, Inc. will post 43.16 earnings per share 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.