Global Endowment Management LP acquired a new position in shares of BlackRock, Inc. (NYSE:BLK) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,600 shares of the asset manager’s stock, valued at approximately $6,410,000.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in BlackRock by 1.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 23,049 shares of the asset manager’s stock valued at $10,864,000 after acquiring an additional 324 shares during the period. FTB Advisors Inc. boosted its holdings in BlackRock by 105.2% during the 3rd quarter. FTB Advisors Inc. now owns 2,114 shares of the asset manager’s stock valued at $996,000 after acquiring an additional 1,084 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in BlackRock by 1.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 14,489 shares of the asset manager’s stock valued at $6,829,000 after acquiring an additional 205 shares during the period. AXA boosted its holdings in BlackRock by 28.9% during the 3rd quarter. AXA now owns 107,058 shares of the asset manager’s stock valued at $50,460,000 after acquiring an additional 24,033 shares during the period. Finally, Royal London Asset Management Ltd. boosted its holdings in BlackRock by 2.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 54,745 shares of the asset manager’s stock valued at $25,804,000 after acquiring an additional 1,383 shares during the period. 80.42% of the stock is owned by hedge funds and other institutional investors.

Shares of BLK opened at $411.00 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.07 and a quick ratio of 3.07. The stock has a market capitalization of $64.82 billion, a PE ratio of 18.19, a P/E/G ratio of 1.23 and a beta of 1.54. BlackRock, Inc. has a 1 year low of $376.31 and a 1 year high of $594.52.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, October 16th. The asset manager reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.93 by $0.59. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. BlackRock had a return on equity of 13.72% and a net margin of 39.92%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $5.76 EPS. As a group, sell-side analysts expect that BlackRock, Inc. will post 27.84 EPS for the current year.

In related news, Director William E. Ford acquired 2,000 shares of the firm’s stock in a transaction dated Monday, October 22nd. The stock was acquired at an average price of $395.21 per share, for a total transaction of $790,420.00. Following the purchase, the director now owns 9,466 shares of the company’s stock, valued at approximately $3,741,057.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.75% of the company’s stock.

BLK has been the subject of a number of research analyst reports. Goldman Sachs Group cut BlackRock from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, October 17th. Deutsche Bank lowered their target price on BlackRock from $570.00 to $561.00 and set a “buy” rating for the company in a report on Thursday, August 16th. Morgan Stanley lowered their target price on BlackRock from $607.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, October 9th. UBS Group lowered their target price on BlackRock from $575.00 to $565.00 and set a “buy” rating for the company in a report on Monday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on BlackRock from $541.00 to $592.00 and gave the company a “buy” rating in a report on Monday, October 8th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $554.31.

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About BlackRock

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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