BlackRock, Inc. (BLK) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in BlackRock, Inc. (NYSE:BLK) by 5.1% in the third quarter, HoldingsChannel.com reports. The fund owned 42,555 shares of the asset manager’s stock after selling 2,275 shares during the period. Nisa Investment Advisors LLC’s holdings in BlackRock were worth $20,056,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. World Asset Management Inc boosted its position in shares of BlackRock by 1.3% during the second quarter. World Asset Management Inc now owns 7,442 shares of the asset manager’s stock worth $3,714,000 after buying an additional 99 shares during the period. Intact Investment Management Inc. boosted its position in shares of BlackRock by 1.0% during the second quarter. Intact Investment Management Inc. now owns 10,300 shares of the asset manager’s stock worth $5,144,000 after buying an additional 100 shares during the period. Private Asset Management Inc. boosted its position in shares of BlackRock by 2.8% during the second quarter. Private Asset Management Inc. now owns 3,782 shares of the asset manager’s stock worth $1,887,000 after buying an additional 103 shares during the period. Pillar Pacific Capital Management LLC boosted its position in shares of BlackRock by 0.6% during the second quarter. Pillar Pacific Capital Management LLC now owns 17,449 shares of the asset manager’s stock worth $8,708,000 after buying an additional 106 shares during the period. Finally, Parsons Capital Management Inc. RI boosted its position in shares of BlackRock by 0.7% during the second quarter. Parsons Capital Management Inc. RI now owns 15,053 shares of the asset manager’s stock worth $7,512,000 after buying an additional 108 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

BLK opened at $411.85 on Thursday. BlackRock, Inc. has a 52-week low of $402.59 and a 52-week high of $594.52. The stock has a market cap of $75.22 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.46 and a beta of 1.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.87 and a current ratio of 3.87.

BlackRock (NYSE:BLK) last released its earnings results on Tuesday, October 16th. The asset manager reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.93 by $0.59. BlackRock had a return on equity of 13.20% and a net margin of 38.97%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the company posted $5.76 earnings per share. BlackRock’s revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that BlackRock, Inc. will post 27.74 EPS for the current year.

BLK has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on BlackRock from $541.00 to $592.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Morgan Stanley dropped their target price on BlackRock from $607.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, October 9th. Deutsche Bank upped their target price on BlackRock from $549.00 to $559.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Zacks Investment Research lowered BlackRock from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Finally, UBS Group dropped their target price on BlackRock from $575.00 to $565.00 and set a “buy” rating on the stock in a report on Monday, October 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. BlackRock has an average rating of “Buy” and an average target price of $569.08.

In other BlackRock news, Director William E. Ford acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were purchased at an average price of $467.92 per share, for a total transaction of $467,920.00. Following the completion of the purchase, the director now directly owns 5,400 shares of the company’s stock, valued at $2,526,768. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.75% of the stock is owned by corporate insiders.

BlackRock 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.

Read More: Hedge Funds Explained

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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