Gulf International Bank UK Ltd boosted its position in shares of BlackRock Inc. (NYSE:BLK) by 0.1% during the third quarter, Holdings Channel reports. The institutional investor owned 36,912 shares of the company’s stock after buying an additional 40 shares during the period. Gulf International Bank UK Ltd’s holdings in BlackRock were worth $13,379,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BLK. Feltz Wealth PLAN Inc. purchased a new stake in BlackRock during the second quarter worth approximately $126,000. Mycio Wealth Partners LLC raised its position in shares of BlackRock by 3.3% in the second quarter. Mycio Wealth Partners LLC now owns 379 shares of the company’s stock valued at $130,000 after buying an additional 12 shares during the period. Ropes Wealth Advisors LLC raised its position in shares of BlackRock by 0.3% in the second quarter. Ropes Wealth Advisors LLC now owns 388 shares of the company’s stock valued at $133,000 after buying an additional 1 shares during the period. Financial Architects Inc raised its position in shares of BlackRock by 7.8% in the second quarter. Financial Architects Inc now owns 431 shares of the company’s stock valued at $148,000 after buying an additional 31 shares during the period. Finally, Jolley Asset Management LLC raised its position in shares of BlackRock by 51.6% in the second quarter. Jolley Asset Management LLC now owns 485 shares of the company’s stock valued at $166,000 after buying an additional 165 shares during the period. Institutional investors own 80.70% of the company’s stock.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Shares of BlackRock Inc. (NYSE:BLK) traded up 0.1438% during midday trading on Wednesday, reaching $369.0801. 211,016 shares of the company’s stock were exchanged. BlackRock Inc. has a one year low of $280.55 and a one year high of $380.30. The stock has a market cap of $60.48 billion, a P/E ratio of 19.3896 and a beta of 1.65. The company’s 50-day moving average is $356.56 and its 200-day moving average is $358.44.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $5.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.98 by $0.16. BlackRock had a return on equity of 11.04% and a net margin of 28.59%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned $5.00 earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. Equities analysts expect that BlackRock Inc. will post $19.25 earnings per share for the current fiscal year.

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Several brokerages have commented on BLK. Zacks Investment Research upgraded shares of BlackRock from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Jefferies Group restated a “hold” rating on shares of BlackRock in a report on Friday, August 5th. Deutsche Bank AG restated a “buy” rating and issued a $416.00 price objective (up from $415.00) on shares of BlackRock in a report on Wednesday, October 19th. Vetr lowered shares of BlackRock from a “buy” rating to a “hold” rating and set a $382.97 price objective for the company. in a report on Tuesday, August 16th. Finally, Barclays PLC upped their target price on shares of BlackRock from $353.00 to $364.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 9th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. BlackRock currently has an average rating of “Buy” and an average price target of $387.80.

In other BlackRock news, Director William S. Demchak purchased 1,200 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were acquired at an average price of $341.11 per share, for a total transaction of $409,332.00. Following the completion of the purchase, the director now owns 1,200 shares of the company’s stock, valued at $409,332. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeff A. Smith sold 125 shares of the company’s stock in a transaction that occurred on Wednesday, October 19th. The shares were sold at an average price of $355.22, for a total value of $44,402.50. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

BlackRock Company Profile

BlackRock, Inc is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

5 Day Chart for NYSE:BLK

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