WINTON GROUP Ltd increased its position in shares of BlackRock, Inc. (NYSE:BLK) by 1,376.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,927 shares of the asset manager’s stock after purchasing an additional 19,510 shares during the period. WINTON GROUP Ltd’s holdings in BlackRock were worth $9,864,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of BlackRock during the 3rd quarter worth about $116,000. Canton Hathaway LLC purchased a new position in shares of BlackRock during the 3rd quarter worth about $146,000. AlphaMark Advisors LLC purchased a new position in shares of BlackRock during the 2nd quarter worth about $147,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of BlackRock during the 2nd quarter worth about $150,000. Finally, Kaizen Advisory LLC boosted its stake in shares of BlackRock by 156.7% during the 2nd quarter. Kaizen Advisory LLC now owns 308 shares of the asset manager’s stock worth $154,000 after purchasing an additional 188 shares during the period. 82.65% of the stock is owned by hedge funds and other institutional investors.
In related news, Director William E. Ford acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd. The stock was bought at an average price of $395.21 per share, for a total transaction of $790,420.00. Following the acquisition, the director now directly owns 9,466 shares of the company’s stock, valued at approximately $3,741,057.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.86% of the company’s stock.
A number of research firms recently commented on BLK. Keefe, Bruyette & Woods raised shares of BlackRock from a “market perform” rating to an “outperform” rating and set a $590.00 price target for the company in a research note on Friday, July 13th. Barclays dropped their price target on shares of BlackRock from $615.00 to $595.00 and set an “overweight” rating for the company in a research note on Tuesday, July 17th. Goldman Sachs Group dropped their price target on shares of BlackRock to $570.00 and set a “buy” rating for the company in a research note on Tuesday, July 17th. Zacks Investment Research cut shares of BlackRock from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Finally, Deutsche Bank lifted their price objective on shares of BlackRock from $549.00 to $559.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $569.08.
Shares of BLK opened at $413.95 on Friday. BlackRock, Inc. has a 1-year low of $376.31 and a 1-year high of $594.52. The stock has a market cap of $67.78 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.27 and a beta of 1.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.87 and a quick ratio of 3.87.
BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, October 16th. The asset manager reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $6.93 by $0.59. BlackRock had a net margin of 39.92% and a return on equity of 13.76%. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business posted $5.76 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts forecast that BlackRock, Inc. will post 27.71 EPS for the current fiscal year.
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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.
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