BlackRock, Inc. (BLK) Stake Raised by Trust Co. of Vermont

Trust Co. of Vermont raised its position in BlackRock, Inc. (NYSE:BLK) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,264 shares of the asset manager’s stock after purchasing an additional 264 shares during the period. BlackRock comprises approximately 1.0% of Trust Co. of Vermont’s portfolio, making the stock its 23rd biggest holding. Trust Co. of Vermont’s holdings in BlackRock were worth $10,401,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BLK. Waldron LP boosted its stake in shares of BlackRock by 108.2% during the first quarter. Waldron LP now owns 1,164 shares of the asset manager’s stock valued at $446,000 after acquiring an additional 605 shares during the last quarter. Stifel Financial Corp boosted its stake in BlackRock by 19.1% in the 1st quarter. Stifel Financial Corp now owns 170,590 shares of the asset manager’s stock worth $65,487,000 after buying an additional 27,321 shares during the last quarter. Wayne Hummer Investments L.L.C. boosted its stake in BlackRock by 54.8% in the 1st quarter. Wayne Hummer Investments L.L.C. now owns 1,056 shares of the asset manager’s stock worth $405,000 after buying an additional 374 shares during the last quarter. Victory Capital Management Inc. boosted its stake in BlackRock by 32.7% in the 1st quarter. Victory Capital Management Inc. now owns 6,016 shares of the asset manager’s stock worth $2,307,000 after buying an additional 1,482 shares during the last quarter. Finally, Sandy Spring Bank boosted its stake in BlackRock by 4.3% in the 1st quarter. Sandy Spring Bank now owns 19,741 shares of the asset manager’s stock worth $7,571,000 after buying an additional 805 shares during the last quarter. 82.30% of the stock is currently owned by institutional investors.

BlackRock, Inc. (BLK) opened at $465.83 on Friday. The company has a market capitalization of $75,401.16, a P/E ratio of 21.65, a PEG ratio of 1.61 and a beta of 1.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 3.22. BlackRock, Inc. has a 12-month low of $365.83 and a 12-month high of $489.79.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, October 11th. The asset manager reported $5.92 EPS for the quarter, topping the consensus estimate of $5.49 by $0.43. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm earned $5.14 EPS. The business’s revenue was up 14.0% on a year-over-year basis. research analysts expect that BlackRock, Inc. will post 22.29 earnings per share for the current year.

In other BlackRock news, Director J. Richard Kushel sold 100 shares of BlackRock stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $481.58, for a total transaction of $48,158.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark Mccombe sold 1,000 shares of BlackRock stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $478.99, for a total value of $478,990.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,775 shares of company stock valued at $2,053,412 in the last 90 days. Insiders own 1.86% of the company’s stock.

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A number of analysts have issued reports on BLK shares. Credit Suisse Group reissued an “outperform” rating and issued a $534.00 price target on shares of BlackRock in a research note on Tuesday, July 18th. Deutsche Bank AG reissued a “buy” rating and issued a $455.00 price target (down from $465.00) on shares of BlackRock in a research note on Tuesday, July 18th. Morgan Stanley reissued an “overweight” rating and issued a $476.00 price target (up from $460.00) on shares of BlackRock in a research note on Tuesday, July 18th. Zacks Investment Research lowered BlackRock from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, BidaskClub downgraded BlackRock from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $489.08.

BlackRock Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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