Oakwood Capital Management LLC CA boosted its stake in shares of BlackRock Inc. (NYSE:BLK) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,651 shares of the company’s stock after buying an additional 124 shares during the period. Oakwood Capital Management LLC CA’s holdings in BlackRock were worth $4,223,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Ropes Wealth Advisors LLC increased its stake in BlackRock by 0.3% in the second quarter. Ropes Wealth Advisors LLC now owns 388 shares of the company’s stock worth $133,000 after buying an additional 1 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in BlackRock by 0.8% in the second quarter. HBK Sorce Advisory LLC now owns 608 shares of the company’s stock worth $208,000 after buying an additional 5 shares during the last quarter. Burke & Herbert Bank & Trust Co. increased its stake in BlackRock by 0.5% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 1,249 shares of the company’s stock worth $428,000 after buying an additional 6 shares during the last quarter. Private Bank & Trust Co. increased its stake in BlackRock by 0.6% in the second quarter. Private Bank & Trust Co. now owns 1,331 shares of the company’s stock worth $456,000 after buying an additional 8 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in BlackRock by 0.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,655 shares of the company’s stock worth $567,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Shares of BlackRock Inc. (NYSE:BLK) traded down 1.34% during mid-day trading on Monday, hitting $368.65. 501,797 shares of the stock traded hands. The firm has a market capitalization of $60.41 billion, a P/E ratio of 19.37 and a beta of 1.65. BlackRock Inc. has a one year low of $280.55 and a one year high of $380.30. The company’s 50 day moving average is $356.23 and its 200 day moving average is $358.33.

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

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A number of research analysts have recently weighed in on BLK shares. Deutsche Bank AG raised their price target on shares of BlackRock from $392.00 to $400.00 and gave the company a “buy” rating in a report on Friday, August 5th. Keefe, Bruyette & Woods set a $393.00 price target on shares of BlackRock and gave the company a “hold” rating in a report on Friday, October 14th. Barclays PLC raised their price target on shares of BlackRock from $375.00 to $378.00 and gave the company an “equal weight” rating in a report on Thursday, October 13th. Wells Fargo & Co. restated a “market perform” rating on shares of BlackRock in a report on Monday, October 10th. Finally, Vetr upgraded shares of BlackRock from a “hold” rating to a “buy” rating and set a $382.97 price target on the stock in a report on Wednesday, August 10th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $387.80.

In other BlackRock news, insider Jeff A. Smith sold 125 shares of the stock in a transaction on Wednesday, October 19th. The stock was sold at an average price of $355.22, for a total value of $44,402.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William S. Demchak acquired 1,200 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was purchased at an average price of $341.11 per share, with a total value of $409,332.00. Following the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $409,332. The disclosure for this purchase can be found here. Corporate 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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