Osborn Rohs Williams & Donohoe Ltd decreased its stake in shares of BlackRock Inc. (NYSE:BLK) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,044 shares of the company’s stock after selling 708 shares during the period. BlackRock comprises about 1.5% of Osborn Rohs Williams & Donohoe Ltd’s investment portfolio, making the stock its 22nd largest position. Osborn Rohs Williams & Donohoe Ltd’s holdings in BlackRock were worth $7,628,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in BlackRock by 2.1% in the second quarter. Vanguard Group Inc. now owns 7,326,122 shares of the company’s stock valued at $2,509,417,000 after buying an additional 150,093 shares during the last quarter. FMR LLC increased its stake in BlackRock by 1.6% in the second quarter. FMR LLC now owns 4,139,658 shares of the company’s stock valued at $1,417,958,000 after buying an additional 65,452 shares during the last quarter. JPMorgan Chase & Co. increased its stake in BlackRock by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 3,372,334 shares of the company’s stock valued at $1,155,126,000 after buying an additional 219,654 shares during the last quarter. Capital World Investors increased its stake in BlackRock by 1.0% in the second quarter. Capital World Investors now owns 3,282,208 shares of the company’s stock valued at $1,124,255,000 after buying an additional 31,191 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in BlackRock by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 1,878,497 shares of the company’s stock valued at $643,336,000 after buying an additional 10,918 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)

BlackRock Inc. (NYSE:BLK) traded up 0.09% during midday trading on Tuesday, hitting $369.00. The company had a trading volume of 522,051 shares. The stock’s 50-day moving average price is $356.56 and its 200-day moving average price is $358.44. The stock has a market cap of $60.46 billion, a PE ratio of 19.39 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 announced its quarterly earnings data on Tuesday, October 18th. The company reported $5.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.98 by $0.16. BlackRock had a return on equity of 11.04% and a net margin of 28.59%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company earned $5.00 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that BlackRock Inc. will post $19.25 EPS for the current fiscal year.

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BLK has been the topic of a number of recent research reports. Argus restated a “buy” rating and issued a $400.00 target price on shares of BlackRock in a research note on Friday, October 21st. Citigroup Inc. restated a “buy” rating on shares of BlackRock in a research note on Friday, October 21st. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “buy” rating and set a $410.00 target price on the stock in a research note on Monday, September 19th. Wells Fargo & Co. restated a “market perform” rating on shares of BlackRock in a research note on Friday, October 21st. Finally, Barclays PLC upped their target price on BlackRock from $364.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 24th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. BlackRock presently has an average rating of “Buy” and an average price target of $387.80.

In other news, Director William S. Demchak purchased 1,200 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were acquired at an average price of $341.11 per share, with a total value of $409,332.00. Following the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at $409,332. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeff A. Smith sold 125 shares of the business’s stock in a transaction that occurred on Wednesday, October 19th. The stock was 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. 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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