Blake Schutter Theil Wealth Advisors LLC Invests $212,000 in BlackRock $BLK

Blake Schutter Theil Wealth Advisors LLC acquired a new position in BlackRock (NYSE:BLK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 202 shares of the asset manager’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC lifted its stake in shares of BlackRock by 107.1% in the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after buying an additional 15 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of BlackRock by 7.9% in the second quarter. Brighton Jones LLC now owns 1,699 shares of the asset manager’s stock worth $1,783,000 after buying an additional 125 shares during the last quarter. MQS Management LLC lifted its stake in shares of BlackRock by 3.3% in the second quarter. MQS Management LLC now owns 310 shares of the asset manager’s stock worth $325,000 after buying an additional 10 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of BlackRock by 4.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 528 shares of the asset manager’s stock worth $554,000 after buying an additional 24 shares during the last quarter. Finally, Graybill Wealth Management LTD. lifted its stake in shares of BlackRock by 2.8% in the second quarter. Graybill Wealth Management LTD. now owns 6,629 shares of the asset manager’s stock worth $6,955,000 after buying an additional 183 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 17,142 shares of BlackRock stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the transaction, the director owned 61,369 shares in the company, valued at $68,763,964.50. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $13,980,480.00. Following the completion of the transaction, the director owned 7,205 shares in the company, valued at approximately $8,394,113.20. This represents a 62.48% decrease in their position. The disclosure for this sale can be found here. 1.98% of the stock is currently owned by company insiders.

BlackRock Stock Up 1.2%

BLK opened at $1,138.60 on Friday. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,219.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. The company has a market capitalization of $176.31 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.97 and a beta of 1.45. The stock has a fifty day moving average of $1,139.57 and a 200-day moving average of $1,053.41.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BLK. Wells Fargo & Company lowered their price target on shares of BlackRock from $1,180.00 to $1,170.00 and set an “overweight” rating on the stock in a report on Wednesday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of BlackRock in a research report on Wednesday, October 8th. Evercore ISI increased their price target on shares of BlackRock from $1,200.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Loop Capital set a $1,255.00 price target on shares of BlackRock in a research note on Tuesday. Finally, Telsey Advisory Group reissued an “outperform” rating on shares of BlackRock in a report on Tuesday, July 8th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,299.29.

BlackRock Company 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.