247 Shares in BlackRock, Inc. (NYSE:BLK) Purchased by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC bought a new stake in shares of BlackRock, Inc. (NYSE:BLK) during the third quarter, Holdings Channel reports. The fund bought 247 shares of the asset manager’s stock, valued at approximately $235,000.

A number of other institutional investors have also added to or reduced their stakes in BLK. Fairscale Capital LLC bought a new stake in shares of BlackRock in the 2nd quarter valued at about $31,000. Reston Wealth Management LLC bought a new stake in shares of BlackRock in the 3rd quarter valued at about $37,000. MFA Wealth Advisors LLC boosted its stake in BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after purchasing an additional 20 shares in the last quarter. Olistico Wealth LLC acquired a new stake in BlackRock in the 2nd quarter worth approximately $53,000. Finally, ORG Partners LLC raised its position in BlackRock by 257.9% during the 2nd quarter. ORG Partners LLC now owns 68 shares of the asset manager’s stock worth $54,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BLK. Barclays lifted 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. The Goldman Sachs Group boosted their price target on shares of BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Citigroup boosted their price target on shares of BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research report on Monday. Finally, Morgan Stanley upped their target price on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,019.62.

Insiders Place Their Bets

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the completion of the transaction, the director now owns 6,480 shares in the company, valued at approximately $5,832,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,053.84 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a fifty day moving average price of $953.10 and a 200 day moving average price of $861.57. BlackRock, Inc. has a 1-year low of $658.14 and a 1-year high of $1,068.34. The company has a market cap of $156.11 billion, a PE ratio of 26.01, a P/E/G ratio of 1.86 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 earnings per share 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 the consensus estimate of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the company earned $10.91 earnings per share. Sell-side analysts forecast that BlackRock, Inc. will post 43.16 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.