Olympiad Research LP Has $293,000 Stake in BlackRock, Inc. (NYSE:BLK)

Olympiad Research LP trimmed its position in shares of BlackRock, Inc. (NYSE:BLK) by 30.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309 shares of the asset manager’s stock after selling 138 shares during the period. Olympiad Research LP’s holdings in BlackRock were worth $293,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Marino Stram & Associates LLC grew its stake in BlackRock by 0.3% during the third quarter. Marino Stram & Associates LLC now owns 3,399 shares of the asset manager’s stock worth $3,227,000 after buying an additional 10 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in shares of BlackRock by 3.5% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager’s stock valued at $312,000 after purchasing an additional 11 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of BlackRock by 0.3% in the 3rd quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager’s stock valued at $3,251,000 after purchasing an additional 11 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of BlackRock by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,979 shares of the asset manager’s stock valued at $2,829,000 after purchasing an additional 11 shares in the last quarter. Finally, XML Financial LLC boosted its stake in shares of BlackRock by 2.6% in the 2nd quarter. XML Financial LLC now owns 473 shares of the asset manager’s stock valued at $372,000 after purchasing an additional 12 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of BlackRock in a research note on Tuesday. They issued a “hold” rating on the stock. Wells Fargo & Company raised their price target on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Citigroup raised their price target on shares of BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Barclays raised their price objective on shares of BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $1,004.54.

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 11,061 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $852.95, for a total transaction of $9,434,479.95. Following the completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at $5,527,116. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 35,061 shares of company stock valued at $30,734,840 in the last quarter. 0.90% of the stock is currently owned by company insiders.

BlackRock Stock Up 0.6 %

BlackRock stock opened at $1,036.38 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. BlackRock, Inc. has a 52-week low of $648.43 and a 52-week high of $1,057.51. The firm has a 50 day moving average price of $947.54 and a two-hundred day moving average price of $857.04. The firm has a market cap of $153.52 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.78 and a beta of 1.30.

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

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.