BlackRock $BLK Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in shares of BlackRock (NYSE:BLK) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,231 shares of the asset manager’s stock after purchasing an additional 9,077 shares during the period. Rockefeller Capital Management L.P. owned 0.10% of BlackRock worth $167,074,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BLK. Royal Bank of Canada boosted 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 valued at $1,243,059,000 after acquiring an additional 555,098 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 last quarter. Goldman Sachs Group Inc. lifted its holdings in BlackRock by 32.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,131,919 shares of the asset manager’s stock valued at $1,071,339,000 after purchasing an additional 279,336 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of BlackRock during the 2nd quarter worth about $231,000. Finally, Unisphere Establishment grew its holdings in shares of BlackRock by 29.2% during the first quarter. Unisphere Establishment now owns 839,500 shares of the asset manager’s stock worth $794,570,000 after buying an additional 189,500 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Performance

Shares of BLK stock opened at $1,057.41 on Friday. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,219.94. The business has a 50 day simple moving average of $1,127.37 and a 200 day simple moving average of $1,075.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04. The firm has a market capitalization of $163.74 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.90 and a beta of 1.48.

BlackRock (NYSE:BLK) last released its earnings results on Tuesday, October 14th. The asset manager reported $11.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the company earned $11.46 earnings per share. On average, equities research analysts anticipate that BlackRock will post 47.41 EPS for the current year.

Insider Activity

In other news, Director Rachel Lord sold 12,000 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the completion of the sale, the director owned 7,205 shares of the company’s stock, valued at $8,394,113.20. This trade represents a 62.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BLK. Morgan Stanley lifted their price objective on BlackRock from $1,362.00 to $1,486.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. BMO Capital Markets raised their target price on BlackRock from $1,280.00 to $1,300.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Argus boosted their price objective on shares of BlackRock from $1,165.00 to $1,330.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. TD Cowen lifted their price target on shares of BlackRock from $1,301.00 to $1,407.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on BlackRock from $1,215.00 to $1,300.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,302.53.

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.