MeadowBrook Investment Advisors LLC Has $1.22 Million Stock Position in BlackRock, Inc. (NYSE:BLK)

MeadowBrook Investment Advisors LLC lessened its position in BlackRock, Inc. (NYSE:BLK) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,281 shares of the asset manager’s stock after selling 51 shares during the quarter. BlackRock comprises about 1.1% of MeadowBrook Investment Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. MeadowBrook Investment Advisors LLC’s holdings in BlackRock were worth $1,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. raised its position in shares of BlackRock by 9.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,989 shares of the asset manager’s stock worth $3,788,000 after acquiring an additional 355 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of BlackRock by 2.4% during the third quarter. Metis Global Partners LLC now owns 5,427 shares of the asset manager’s stock worth $5,153,000 after buying an additional 125 shares during the period. Curi RMB Capital LLC increased its position in shares of BlackRock by 2.3% in the third quarter. Curi RMB Capital LLC now owns 13,798 shares of the asset manager’s stock valued at $13,101,000 after acquiring an additional 310 shares during the last quarter. Plato Investment Management Ltd raised its holdings in shares of BlackRock by 1.0% in the 3rd quarter. Plato Investment Management Ltd now owns 5,912 shares of the asset manager’s stock valued at $5,608,000 after purchasing an additional 59 shares during the period. Finally, Mizuho Securities Co. Ltd. lifted its holdings in BlackRock by 75.0% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 140 shares of the asset manager’s stock valued at $133,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Evercore ISI upped their target price on 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 boosted their price objective on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their price target on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. TD Cowen raised their target price on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, StockNews.com assumed coverage on shares of BlackRock in a report on Wednesday. They set a “hold” rating on the stock. Three research 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 an average target price of $1,019.62.

BlackRock Stock Performance

BlackRock stock traded up $17.74 during mid-day trading on Thursday, reaching $1,048.72. The company’s stock had a trading volume of 168,726 shares, compared to its average volume of 570,742. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market capitalization of $155.35 billion, a P/E ratio of 25.44, a PEG ratio of 1.85 and a beta of 1.30. BlackRock, Inc. has a 12-month low of $697.70 and a 12-month high of $1,068.34. The firm’s fifty day moving average price is $962.02 and its two-hundred day moving average price is $866.74.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating 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 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 last year, the firm earned $10.91 EPS. Sell-side analysts predict that BlackRock, Inc. will post 43.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the transaction, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by company insiders.

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.