Blake Schutter Theil Wealth Advisors LLC Takes Position in BlackRock, Inc. (NYSE:BLK)

Blake Schutter Theil Wealth Advisors LLC purchased a new position in shares of BlackRock, Inc. (NYSE:BLK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,179 shares of the asset manager’s stock, valued at approximately $1,119,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of BlackRock by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock valued at $10,990,052,000 after acquiring an additional 292,017 shares during the period. Capital Research Global Investors raised its stake in BlackRock by 11.1% in the 1st quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock worth $3,630,127,000 after purchasing an additional 435,358 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in BlackRock by 2.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager’s stock valued at $1,310,762,000 after purchasing an additional 46,728 shares during the period. Legal & General Group Plc grew its position in shares of BlackRock by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager’s stock worth $942,640,000 after purchasing an additional 22,311 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its position in shares of BlackRock by 89,389.4% in the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after buying an additional 1,044,962 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

NYSE:BLK opened at $1,029.82 on Thursday. The stock’s 50-day moving average is $947.54 and its 200-day moving average is $857.04. BlackRock, Inc. has a 1-year low of $646.91 and a 1-year high of $1,057.51. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The stock has a market cap of $152.55 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.30.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The company 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%. BlackRock’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.91 earnings per share. Equities research analysts anticipate that BlackRock, Inc. will post 42.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group raised their price objective on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Citigroup boosted their price target on 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 target price 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. TD Cowen lifted their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their target price on BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $995.31.

Insider Activity

In related 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 directly owns 6,480 shares in the company, valued at $5,670,194.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 35,061 shares of company stock valued at $30,734,840. Company insiders own 0.90% of the company’s stock.

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.