Versor Investments LP Takes Position in BlackRock, Inc. (NYSE:BLK)

Versor Investments LP acquired a new stake in BlackRock, Inc. (NYSE:BLK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 300 shares of the asset manager’s stock, valued at approximately $285,000.

Other institutional investors have also modified their holdings of the company. Fairscale Capital LLC bought a new stake in shares of BlackRock in the 2nd quarter valued at approximately $31,000. Reston Wealth Management LLC bought a new stake in shares of BlackRock in the 3rd quarter valued at approximately $37,000. MFA Wealth Advisors LLC lifted its stake in shares of BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 20 shares during the last quarter. Addison Advisors LLC lifted its stake in shares of BlackRock by 81.5% in the 3rd quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 22 shares during the last quarter. Finally, Olistico Wealth LLC bought a new stake in shares of BlackRock in the 2nd quarter valued at approximately $53,000. 80.69% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the transaction, the director now directly owns 6,480 shares in the company, valued at $5,832,000. The trade was a 64.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.90% of the company’s stock.

BlackRock Trading Down 0.0 %

Shares of NYSE:BLK opened at $1,046.87 on Friday. BlackRock, Inc. has a 12-month low of $708.75 and a 12-month high of $1,068.34. The business’s fifty day simple moving average is $965.44 and its 200-day simple moving average is $867.99. The company has a market capitalization of $155.07 billion, a PE ratio of 25.84, a P/E/G ratio of 1.84 and a beta of 1.30. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the business posted $10.91 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. As a group, equities research analysts predict that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLK. JPMorgan Chase & Co. raised their price target on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley raised their price target on BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. The Goldman Sachs Group raised their price target on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company raised their price target on BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Barclays raised their price target on BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.