Donaldson Capital Management LLC Acquires 685 Shares of BlackRock, Inc. (NYSE:BLK)

Donaldson Capital Management LLC raised its holdings in BlackRock, Inc. (NYSE:BLK) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,254 shares of the asset manager’s stock after buying an additional 685 shares during the quarter. BlackRock comprises 1.9% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Donaldson Capital Management LLC’s holdings in BlackRock were worth $48,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marino Stram & Associates LLC grew its holdings in shares of BlackRock by 0.3% in the third quarter. Marino Stram & Associates LLC now owns 3,399 shares of the asset manager’s stock valued at $3,227,000 after purchasing an additional 10 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its holdings in shares of BlackRock by 3.5% in the third quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager’s stock worth $312,000 after buying an additional 11 shares during the period. Ballentine Partners LLC lifted its stake in shares of BlackRock by 0.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager’s stock worth $3,251,000 after acquiring an additional 11 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of BlackRock by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,979 shares of the asset manager’s stock worth $2,829,000 after acquiring an additional 11 shares during the last quarter. Finally, XML Financial LLC boosted its holdings in BlackRock by 2.6% during the 2nd quarter. XML Financial LLC now owns 473 shares of the asset manager’s stock valued at $372,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Activity

In related news, CEO Laurence Fink sold 29,450 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value of $24,833,712.50. Following the transaction, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $875.03, for a total value of $10,500,360.00. Following the sale, the director now owns 6,480 shares in the company, valued at approximately $5,670,194.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Laurence Fink sold 29,450 shares of BlackRock stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 of the company’s stock, valued at approximately $298,272,703.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,511 shares of company stock valued at $55,568,552. Company insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

BLK opened at $985.08 on Monday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. BlackRock, Inc. has a 52-week low of $623.77 and a 52-week high of $1,032.00. The company has a market cap of $145.92 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The firm’s 50-day moving average price is $940.00 and its 200-day moving average price is $852.25.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $10.91 earnings per share. As a group, equities analysts anticipate that BlackRock, Inc. will post 42.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BLK shares. Barclays lifted their target price on BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. UBS Group lowered their price objective on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods lifted their price target on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. StockNews.com began coverage on BlackRock in a report on Monday, October 28th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. increased their price target on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $995.31.

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.