Mendel Capital Management LLC Boosts Holdings in BlackRock, Inc. (NYSE:BLK)

Mendel Capital Management LLC grew its position in BlackRock, Inc. (NYSE:BLK) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,000 shares of the asset manager’s stock after purchasing an additional 55 shares during the quarter. Mendel Capital Management LLC’s holdings in BlackRock were worth $950,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Holistic Financial Partners boosted its stake in shares of BlackRock by 21.6% in the third quarter. Holistic Financial Partners now owns 551 shares of the asset manager’s stock worth $523,000 after buying an additional 98 shares during the last quarter. GLOBALT Investments LLC GA boosted its position in BlackRock by 3.2% in the 3rd quarter. GLOBALT Investments LLC GA now owns 1,121 shares of the asset manager’s stock worth $1,064,000 after purchasing an additional 35 shares in the last quarter. TrinityPoint Wealth LLC grew its stake in shares of BlackRock by 3.8% during the 3rd quarter. TrinityPoint Wealth LLC now owns 1,494 shares of the asset manager’s stock worth $1,419,000 after purchasing an additional 54 shares during the period. Claro Advisors LLC increased its holdings in shares of BlackRock by 9.0% during the 3rd quarter. Claro Advisors LLC now owns 1,820 shares of the asset manager’s stock valued at $1,728,000 after purchasing an additional 151 shares in the last quarter. Finally, Concord Asset Management LLC VA lifted its stake in shares of BlackRock by 3.8% in the 3rd quarter. Concord Asset Management LLC VA now owns 462 shares of the asset manager’s stock valued at $439,000 after purchasing an additional 17 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on BLK. Evercore ISI raised their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their target price on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley upped their price target on BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. The Goldman Sachs Group raised their price objective on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, StockNews.com initiated coverage on BlackRock in a research report on Wednesday, November 13th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and an average target price of $1,019.62.

Insider Buying and Selling at BlackRock

In related news, Director Mark Wiedman sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the transaction, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. This represents a 64.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

BlackRock Stock Up 0.0 %

Shares of BlackRock stock opened at $1,047.37 on Monday. The company has a market cap of $162.22 billion, a P/E ratio of 25.85, a PEG ratio of 1.87 and a beta of 1.30. The firm has a fifty day moving average of $969.04 and a two-hundred day moving average of $871.62. 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 one year low of $708.75 and a one year high of $1,068.34.

BlackRock (NYSE:BLK) last released its quarterly earnings data 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. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. BlackRock’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.91 earnings per share. On average, analysts forecast that BlackRock, Inc. will post 43.17 earnings per share 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.