194 Shares in BlackRock $BLK Purchased by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC acquired a new stake in BlackRock (NYSE:BLK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 194 shares of the asset manager’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLK. Garde Capital Inc. lifted its holdings in shares of BlackRock by 200.0% in the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after buying an additional 18 shares during the period. Fairway Wealth LLC raised its position in BlackRock by 76.5% in the first quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock worth $28,000 after acquiring an additional 13 shares in the last quarter. Game Plan Financial Advisors LLC lifted its holdings in BlackRock by 100.0% in the first quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 15 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new position in shares of BlackRock during the 2nd quarter worth $34,000. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of BlackRock during the 1st quarter worth $31,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity

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

BlackRock Stock Performance

NYSE BLK opened at $1,138.60 on Friday. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.39. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,219.94. The business has a fifty day moving average of $1,139.57 and a 200-day moving average of $1,051.77. The stock has a market cap of $176.31 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.95 and a beta of 1.45.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 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 company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.22 billion. During the same period in the previous year, the business earned $11.46 EPS. The firm’s revenue was up 25.2% on a year-over-year basis. As a group, analysts predict that BlackRock will post 47.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLK has been the subject of a number of research analyst reports. Cowen reaffirmed a “buy” rating on shares of BlackRock in a report on Wednesday, October 15th. Bank of America raised their price objective on BlackRock from $1,394.00 to $1,456.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Wells Fargo & Company decreased their target price on BlackRock from $1,180.00 to $1,170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 16th. Loop Capital set a $1,255.00 price target on BlackRock in a research report on Tuesday. Finally, BNP Paribas Exane lifted their price target on BlackRock from $1,160.00 to $1,265.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, BlackRock currently has a consensus rating of “Moderate Buy” and an average price target of $1,299.29.

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.