Kornitzer Capital Management Inc. KS grew its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 13.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,100 shares of the asset manager’s stock after purchasing an additional 133 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in BlackRock were worth $492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. increased its position in BlackRock by 14.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 240 shares of the asset manager’s stock worth $101,000 after purchasing an additional 30 shares during the period. Enterprise Financial Services Corp increased its position in BlackRock by 52.5% during the 2nd quarter. Enterprise Financial Services Corp now owns 247 shares of the asset manager’s stock worth $104,000 after purchasing an additional 85 shares during the period. Penserra Capital Management LLC acquired a new position in BlackRock during the 2nd quarter worth approximately $104,000. Proficio Capital Partners LLC increased its position in BlackRock by 48.9% during the 1st quarter. Proficio Capital Partners LLC now owns 259 shares of the asset manager’s stock worth $103,000 after purchasing an additional 85 shares during the period. Finally, Harfst & Associates Inc. increased its position in BlackRock by 17.3% during the 2nd quarter. Harfst & Associates Inc. now owns 265 shares of the asset manager’s stock worth $111,000 after purchasing an additional 39 shares during the period. Institutional investors own 82.30% of the company’s stock.

Several equities analysts have issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and set a $440.00 target price on shares of BlackRock in a research report on Tuesday, September 26th. Wells Fargo & Company reiterated a “market perform” rating and set a $475.00 target price (up previously from $450.00) on shares of BlackRock in a research report on Thursday, October 12th. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “buy” rating and set a $501.00 target price on the stock in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $500.00 target price on shares of BlackRock in a research report on Thursday, October 12th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $455.00 target price (down previously from $465.00) on shares of BlackRock in a research report on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. BlackRock has a consensus rating of “Buy” and an average price target of $489.08.

In related news, insider Mark Mccombe sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $478.99, for a total value of $478,990.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J. Richard Kushel sold 100 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $481.58, for a total value of $48,158.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,775 shares of company stock worth $2,053,412. 1.86% of the stock is owned by corporate insiders.

Shares of BlackRock, Inc. (NYSE BLK) opened at $465.83 on Friday. The company has a market capitalization of $75,401.16, a P/E ratio of 21.65, a PEG ratio of 1.61 and a beta of 1.79. The company has a debt-to-equity ratio of 1.09, a quick ratio of 3.22 and a current ratio of 2.89. BlackRock, Inc. has a 52 week low of $365.83 and a 52 week high of $489.79.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.49 by $0.43. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the company earned $5.14 EPS. BlackRock’s revenue was up 14.0% on a year-over-year basis. research analysts expect that BlackRock, Inc. will post 22.29 earnings per share for the current fiscal year.

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About BlackRock

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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