Capstone Asset Management Co. Purchases 204 Shares of BlackRock Inc. (BLK)
Capstone Asset Management Co. boosted its position in shares of BlackRock Inc. (NYSE:BLK) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,412 shares of the company’s stock after buying an additional 204 shares during the period. Capstone Asset Management Co.’s holdings in BlackRock were worth $6,674,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Panagora Asset Management Inc. raised its stake in shares of BlackRock by 35.5% in the first quarter. Panagora Asset Management Inc. now owns 43,299 shares of the company’s stock worth $14,746,000 after buying an additional 11,346 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of BlackRock by 12.6% in the first quarter. First Republic Investment Management Inc. now owns 32,606 shares of the company’s stock worth $11,106,000 after buying an additional 3,645 shares in the last quarter. First Financial Bank N.A. Trust Division raised its stake in shares of BlackRock by 4.2% in the second quarter. First Financial Bank N.A. Trust Division now owns 14,806 shares of the company’s stock worth $5,072,000 after buying an additional 595 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd raised its stake in shares of BlackRock by 0.3% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 21,752 shares of the company’s stock worth $7,451,000 after buying an additional 66 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of BlackRock by 3.3% in the second quarter. Raymond James Trust N.A. now owns 17,175 shares of the company’s stock worth $5,883,000 after buying an additional 553 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of BlackRock Inc. (NYSE:BLK) traded down 1.34% during trading on Monday, reaching $368.65. The company’s stock had a trading volume of 499,519 shares. The stock has a 50-day moving average of $356.23 and a 200-day moving average of $358.33. The stock has a market cap of $60.41 billion, a P/E ratio of 19.37 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 released its earnings results on Tuesday, October 18th. The company reported $5.14 earnings per share (EPS) for the quarter, beating the 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%. BlackRock’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.00 earnings per share. Analysts predict that BlackRock Inc. will post $19.25 earnings per share for the current fiscal year.
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A number of research analysts have weighed in on the company. Deutsche Bank AG raised their price target on BlackRock from $392.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Keefe, Bruyette & Woods set a $393.00 price target on BlackRock and gave the company a “hold” rating in a research note on Friday, October 14th. Barclays PLC raised their price target on BlackRock from $375.00 to $378.00 and gave the company an “equal weight” rating in a research note on Thursday, October 13th. Wells Fargo & Co. restated a “market perform” rating on shares of BlackRock in a research note on Monday, October 10th. Finally, Vetr upgraded BlackRock from a “hold” rating to a “buy” rating and set a $382.97 price target for the company in a research note 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 company’s stock. The stock currently has an average rating of “Buy” and an average target price of $387.80.
In other news, Director Mark Mccombe sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $374.92, for a total value of $524,888.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeff A. Smith sold 125 shares of the stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $355.22, for a total value of $44,402.50. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
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.
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