BlackRock, Inc. (NYSE:BLK) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,227 shares of the asset manager’s stock after selling 39 shares during the period. Sigma Planning Corp’s holdings in BlackRock were worth $1,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fairscale Capital LLC acquired a new position in shares of BlackRock during the 2nd quarter worth approximately $31,000. Reston Wealth Management LLC purchased a new position in BlackRock during the third quarter worth $37,000. MFA Wealth Advisors LLC raised its holdings in shares of BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after acquiring an additional 20 shares during the last quarter. Olistico Wealth LLC purchased a new stake in shares of BlackRock in the second quarter valued at $53,000. Finally, ORG Partners LLC lifted its position in shares of BlackRock by 257.9% in the second quarter. ORG Partners LLC now owns 68 shares of the asset manager’s stock valued at $54,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by corporate insiders.

BlackRock Stock Performance

NYSE BLK opened at $1,036.09 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. BlackRock, Inc. has a 1-year low of $658.14 and a 1-year high of $1,068.34. The firm has a market capitalization of $153.48 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.86 and a beta of 1.30. The business’s 50-day simple moving average is $956.14 and its 200-day simple moving average is $863.66.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the previous year, the company posted $10.91 earnings per share. BlackRock’s revenue was up 14.9% compared to the same quarter last year. Equities analysts predict that BlackRock, Inc. will post 43.16 EPS for the current year.

Wall Street Analyst Weigh In

BLK has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company raised their target price on shares of BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their price target on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Argus increased their price target on BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, TD Cowen lifted their price objective on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and a consensus price target of $1,019.62.

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.