BlackRock $BLK Holdings Trimmed by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC cut its holdings in BlackRock (NYSE:BLK) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,738 shares of the asset manager’s stock after selling 134 shares during the quarter. Fidelis Capital Partners LLC’s holdings in BlackRock were worth $1,947,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Garde Capital Inc. raised its holdings in shares of BlackRock by 200.0% in the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after purchasing an additional 18 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in shares of BlackRock by 107.1% in the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after buying an additional 15 shares in the last quarter. Game Plan Financial Advisors LLC lifted its position in shares of BlackRock by 100.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 15 shares during the last quarter. Creekmur Asset Management LLC boosted its stake in shares of BlackRock by 87.5% during the 2nd quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock worth $32,000 after acquiring an additional 14 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in shares of BlackRock in the 2nd quarter worth $34,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Price Performance

BLK opened at $1,081.66 on Monday. The stock has a fifty day moving average price of $1,130.62 and a 200 day moving average price of $1,070.51. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,219.94. The stock has a market cap of $167.50 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.90 and a beta of 1.48.

BlackRock (NYSE:BLK) last issued its earnings results on Tuesday, October 14th. The asset manager reported $11.55 earnings per share for the quarter, missing the consensus estimate of $11.78 by ($0.23). The firm 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 business’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the company earned $11.46 earnings per share. Analysts forecast that BlackRock will post 47.41 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction of $13,980,480.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

BLK has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on BlackRock from $1,180.00 to $1,170.00 and set an “overweight” rating for the company in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft set a $1,320.00 target price on shares of BlackRock and gave the stock a “buy” rating in a report on Wednesday, October 15th. TD Cowen boosted their price target on shares of BlackRock from $1,301.00 to $1,407.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. UBS Group restated a “hold” rating on shares of BlackRock in a research report on Tuesday, October 21st. Finally, Zacks Research cut shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,303.41.

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.