Rathbones Group PLC Acquires 3,843 Shares of BlackRock $BLK

Rathbones Group PLC increased its holdings in shares of BlackRock (NYSE:BLK) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,015 shares of the asset manager’s stock after buying an additional 3,843 shares during the period. Rathbones Group PLC’s holdings in BlackRock were worth $60,872,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of BlackRock by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 13,764,072 shares of the asset manager’s stock valued at $13,027,419,000 after purchasing an additional 387,466 shares during the period. Royal Bank of Canada grew its stake in shares of BlackRock by 73.2% during the first quarter. Royal Bank of Canada now owns 1,313,350 shares of the asset manager’s stock worth $1,243,059,000 after purchasing an additional 555,098 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in BlackRock by 10.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,206,935 shares of the asset manager’s stock valued at $1,142,340,000 after purchasing an additional 111,694 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in BlackRock by 32.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,131,919 shares of the asset manager’s stock valued at $1,071,339,000 after buying an additional 279,336 shares during the period. Finally, Invesco Ltd. boosted its holdings in BlackRock by 13.2% during the first quarter. Invesco Ltd. now owns 932,899 shares of the asset manager’s stock worth $882,970,000 after buying an additional 108,473 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Performance

BLK opened at $1,081.66 on Friday. The company has a market capitalization of $167.50 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 1.90 and a beta of 1.48. The business’s 50-day moving average price is $1,130.62 and its two-hundred day moving average price is $1,069.28. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,219.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04.

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

Analysts Set New Price Targets

BLK has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on BlackRock from $1,215.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Bank of America boosted their price objective on shares of BlackRock from $1,394.00 to $1,456.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. The Goldman Sachs Group increased their target price on shares of BlackRock from $1,163.00 to $1,312.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Morgan Stanley lifted their price target on shares of BlackRock from $1,362.00 to $1,486.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft set a $1,320.00 price target on shares of BlackRock and gave the company a “buy” rating in a report on Wednesday, October 15th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,303.41.

Insiders Place Their Bets

In other 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 transaction of $13,980,480.00. Following the completion of the transaction, the director directly owned 7,205 shares of the company’s stock, valued at $8,394,113.20. This trade represents a 62.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.98% of the stock is currently owned by company insiders.

BlackRock 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.