TFG Advisers LLC Sells 22 Shares of BlackRock, Inc. (NYSE:BLK)

TFG Advisers LLC lowered its stake in BlackRock, Inc. (NYSE:BLK) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 586 shares of the asset manager’s stock after selling 22 shares during the quarter. TFG Advisers LLC’s holdings in BlackRock were worth $557,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BLK. Redmont Wealth Advisors LLC bought a new position in BlackRock in the 1st quarter valued at approximately $27,000. Fairscale Capital LLC bought a new position in BlackRock in the 2nd quarter valued at approximately $31,000. Chilton Capital Management LLC bought a new position in BlackRock in the 1st quarter valued at approximately $38,000. Olistico Wealth LLC bought a new position in BlackRock in the 2nd quarter valued at approximately $53,000. Finally, ORG Partners LLC raised its holdings in BlackRock by 257.9% in the 2nd quarter. ORG Partners LLC now owns 68 shares of the asset manager’s stock valued at $54,000 after buying an additional 49 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock Trading Down 0.4 %

Shares of BLK stock traded down $3.98 during trading hours on Wednesday, hitting $996.83. 34,808 shares of the company were exchanged, compared to its average volume of 573,545. The company has a 50 day simple moving average of $921.62 and a two-hundred day simple moving average of $840.57. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $1,032.00. 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 cap of $148.13 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.94 and a beta of 1.30.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.42 by $1.04. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the firm posted $10.91 EPS. BlackRock’s revenue was up 14.9% compared to the same quarter last year. Equities analysts anticipate that BlackRock, Inc. will post 41.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Barclays increased their target price on shares of 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. increased their target price on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research report on Monday. Argus increased their target price on shares of BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, The Goldman Sachs Group increased their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $995.31.

Insider Activity at BlackRock

In related news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other BlackRock news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the transaction, the director now directly owns 5,732 shares of the company’s stock, valued at $4,826,802.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Laurence Fink sold 29,450 shares of BlackRock stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the transaction, the chief executive officer now directly owns 353,718 shares in the company, valued at $298,272,703.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,042 shares of company stock valued at $56,857,777. 0.90% of the stock is 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.