180 Wealth Advisors LLC Sells 47 Shares of BlackRock $BLK

180 Wealth Advisors LLC trimmed its position in shares of BlackRock (NYSE:BLK) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,549 shares of the asset manager’s stock after selling 47 shares during the quarter. 180 Wealth Advisors LLC’s holdings in BlackRock were worth $3,724,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fairway Wealth LLC boosted its position in BlackRock by 76.5% during the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 13 shares in the last quarter. Game Plan Financial Advisors LLC boosted its position in shares of BlackRock by 100.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock worth $28,000 after purchasing an additional 15 shares in the last quarter. Garde Capital Inc. boosted its position in shares of BlackRock by 200.0% in the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after purchasing an additional 18 shares in the last quarter. Cheviot Value Management LLC bought a new stake in shares of BlackRock in the 1st quarter worth approximately $30,000. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of BlackRock in the 1st quarter worth approximately $31,000. 80.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup boosted their price target on BlackRock from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. TD Cowen boosted their price objective on shares of BlackRock from $1,301.00 to $1,407.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Argus boosted their price objective on shares of BlackRock from $1,165.00 to $1,330.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Loop Capital set a $1,255.00 price objective on shares of BlackRock in a report on Tuesday. Finally, Jefferies Financial Group boosted their price objective on shares of BlackRock from $1,196.00 to $1,325.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,299.29.

BlackRock Price Performance

Shares of BLK opened at $1,125.33 on Friday. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,219.94. The firm has a fifty day simple moving average of $1,139.52 and a two-hundred day simple moving average of $1,049.53. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The firm has a market cap of $174.26 billion, a PE ratio of 28.94, a P/E/G ratio of 1.95 and a beta of 1.45.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a net margin of 26.64% and a return on equity of 15.36%. The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.22 billion. During the same period in the previous year, the firm earned $11.46 EPS. The company’s revenue was up 25.2% on a year-over-year basis. On average, equities analysts anticipate that BlackRock will post 47.41 EPS for the current year.

Insider Buying and Selling at BlackRock

In related news, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the completion of the transaction, the director owned 7,205 shares of the company’s stock, valued at approximately $8,394,113.20. This represents a 62.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J. Richard Kushel sold 17,142 shares of the company’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total transaction of $19,207,611.00. Following the completion of the transaction, the director directly owned 61,369 shares of the company’s stock, valued at $68,763,964.50. This represents a 21.83% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.98% of the company’s stock.

BlackRock Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.