BlackRock $BLK Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its position in BlackRock (NYSE:BLK) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,804 shares of the asset manager’s stock after purchasing an additional 161 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in BlackRock were worth $9,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Solstein Capital LLC increased its stake in shares of BlackRock by 13.8% in the second quarter. Solstein Capital LLC now owns 222 shares of the asset manager’s stock valued at $233,000 after purchasing an additional 27 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of BlackRock by 5.9% during the second quarter. Envestnet Asset Management Inc. now owns 562,365 shares of the asset manager’s stock valued at $590,062,000 after acquiring an additional 31,550 shares during the period. Chilton Capital Management LLC increased its stake in shares of BlackRock by 16,400.0% during the second quarter. Chilton Capital Management LLC now owns 165 shares of the asset manager’s stock valued at $173,000 after acquiring an additional 164 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of BlackRock by 3.3% during the second quarter. Nisa Investment Advisors LLC now owns 41,577 shares of the asset manager’s stock valued at $43,625,000 after acquiring an additional 1,319 shares during the period. Finally, Resonant Capital Advisors LLC increased its stake in shares of BlackRock by 39.5% during the second quarter. Resonant Capital Advisors LLC now owns 858 shares of the asset manager’s stock valued at $900,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity at BlackRock

In related news, Director Rachel Lord sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the completion of the transaction, the director owned 7,205 shares of the company’s stock, valued at approximately $8,394,113.20. This trade represents a 62.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J. Richard Kushel sold 17,142 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total transaction of $19,207,611.00. Following the completion of the transaction, the director directly owned 61,369 shares of the company’s stock, valued at $68,763,964.50. This represents a 21.83% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.98% of the company’s stock.

BlackRock Trading Up 1.2%

BlackRock stock opened at $1,138.60 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. The firm has a market cap of $176.32 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.97 and a beta of 1.45. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,219.94. The firm’s 50 day moving average price is $1,139.57 and its two-hundred day moving average price is $1,054.51.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.78 by ($0.23). The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.22 billion. BlackRock had a return on equity of 15.36% and a net margin of 26.64%.The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter last year, the firm posted $11.46 EPS. On average, research analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BLK shares. Loop Capital set a $1,255.00 price objective on shares of BlackRock in a research note on Tuesday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of BlackRock from $1,093.00 to $1,242.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Zacks Research lowered shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Morgan Stanley raised their price objective on shares of BlackRock from $1,362.00 to $1,486.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Argus raised their price objective on shares of BlackRock from $1,165.00 to $1,330.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,299.29.

About BlackRock

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.