Nisa Investment Advisors LLC reduced its position in shares of BlackRock Inc. (NYSE:BLK) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,396 shares of the company’s stock after selling 600 shares during the period. Nisa Investment Advisors LLC’s holdings in BlackRock were worth $13,555,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Capstone Asset Management Co. raised its position in shares of BlackRock by 1.1% in the third quarter. Capstone Asset Management Co. now owns 18,412 shares of the company’s stock worth $6,674,000 after buying an additional 204 shares in the last quarter. Oakwood Capital Management LLC CA raised its position in shares of BlackRock by 1.1% in the third quarter. Oakwood Capital Management LLC CA now owns 11,651 shares of the company’s stock worth $4,223,000 after buying an additional 124 shares in the last quarter. Atria Investments LLC raised its position in shares of BlackRock by 141.3% in the third quarter. Atria Investments LLC now owns 1,930 shares of the company’s stock worth $700,000 after buying an additional 1,130 shares in the last quarter. Weaver C. Barksdale & Associates Inc. raised its position in shares of BlackRock by 7.8% in the third quarter. Weaver C. Barksdale & Associates Inc. now owns 2,775 shares of the company’s stock worth $1,006,000 after buying an additional 201 shares in the last quarter. Finally, Pensionfund Sabic bought a new position in shares of BlackRock during the third quarter worth about $2,175,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

BlackRock Inc. (NYSE:BLK) traded down 1.06% during trading on Monday, reaching $369.70. The company had a trading volume of 373,614 shares. The company has a 50 day moving average price of $356.23 and a 200 day moving average price of $358.33. The company has a market capitalization of $60.58 billion, a PE ratio of 19.42 and a beta of 1.65. BlackRock Inc. has a 52-week low of $280.55 and a 52-week high of $380.30.

BlackRock (NYSE:BLK) last posted its earnings results on Tuesday, October 18th. The company reported $5.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.98 by $0.16. The company earned $2.84 billion during the quarter, compared to analyst estimates of $1.01 billion. BlackRock had a return on equity of 11.04% and a net margin of 28.59%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.00 EPS. On average, equities analysts forecast that BlackRock Inc. will post $19.25 EPS for the current fiscal year.

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Several research firms have recently weighed in on BLK. Citigroup Inc. restated a “buy” rating on shares of BlackRock in a research report on Friday, October 21st. Wells Fargo & Co. restated a “market perform” rating on shares of BlackRock in a research report on Friday, October 21st. Argus restated a “buy” rating and set a $400.00 price objective on shares of BlackRock in a research report on Friday, October 21st. Deutsche Bank AG restated a “buy” rating and set a $416.00 price objective (up previously from $415.00) on shares of BlackRock in a research report on Wednesday, October 19th. Finally, Zacks Investment Research lowered shares of BlackRock from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $387.80.

In other news, insider Jeff A. Smith sold 125 shares of the business’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $355.22, for a total transaction of $44,402.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark Mccombe sold 1,400 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $374.92, for a total value of $524,888.00. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

BlackRock Company Profile

BlackRock, Inc is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

5 Day Chart for NYSE:BLK

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