Field & Main Bank Acquires 13 Shares of BlackRock $BLK

Field & Main Bank lifted its stake in shares of BlackRock (NYSE:BLK) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,448 shares of the asset manager’s stock after buying an additional 13 shares during the quarter. Field & Main Bank’s holdings in BlackRock were worth $1,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLK. Brighton Jones LLC raised its stake in BlackRock by 23.1% during the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after buying an additional 296 shares during the period. Bison Wealth LLC increased its holdings in shares of BlackRock by 1.6% during the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after acquiring an additional 17 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of BlackRock during the first quarter worth approximately $208,000. Deseret Mutual Benefit Administrators bought a new position in shares of BlackRock in the 1st quarter worth $143,000. Finally, Mather Group LLC. grew its position in BlackRock by 3.7% in the 1st quarter. Mather Group LLC. now owns 1,571 shares of the asset manager’s stock valued at $1,487,000 after purchasing an additional 56 shares during the period. 80.69% of the stock is owned by institutional investors.

BlackRock Price Performance

Shares of NYSE:BLK opened at $1,098.88 on Thursday. The company has a 50-day moving average price of $1,138.79 and a two-hundred day moving average price of $1,059.55. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The firm has a market capitalization of $170.16 billion, a PE ratio of 28.26, a P/E/G ratio of 1.95 and a beta of 1.45. 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 (NYSE:BLK) last posted its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.78 by ($0.23). The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.22 billion. BlackRock had a net margin of 26.64% and a return on equity of 15.36%. BlackRock’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the business posted $11.46 EPS. Equities analysts forecast that BlackRock will post 47.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Loop Capital set a $1,255.00 target price on shares of BlackRock in a report on Tuesday, October 21st. Bank of America boosted their price target on shares of BlackRock from $1,394.00 to $1,456.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. TD Cowen increased their price objective on shares of BlackRock from $1,301.00 to $1,407.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Telsey Advisory Group restated an “outperform” rating on shares of BlackRock in a research note on Tuesday, July 8th. Finally, The Goldman Sachs Group increased their price target on BlackRock from $1,163.00 to $1,312.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,299.29.

Insider Transactions at BlackRock

In related news, Director Rachel Lord sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the completion of the sale, the director owned 7,205 shares in the company, valued at $8,394,113.20. The trade was a 62.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.98% of the stock is currently owned by company insiders.

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.