Prudent Man Advisors LLC Sells 179 Shares of BlackRock, Inc. (NYSE:BLK)

Prudent Man Advisors LLC cut its stake in BlackRock, Inc. (NYSE:BLK) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,233 shares of the asset manager’s stock after selling 179 shares during the period. BlackRock makes up about 0.7% of Prudent Man Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Prudent Man Advisors LLC’s holdings in BlackRock were worth $2,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Ontario Teachers Pension Plan Board increased its stake in shares of BlackRock by 34.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 1,844 shares of the asset manager’s stock valued at $1,537,000 after purchasing an additional 476 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of BlackRock by 39.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,494 shares of the asset manager’s stock valued at $13,751,000 after purchasing an additional 4,700 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of BlackRock by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 64,066 shares of the asset manager’s stock valued at $53,412,000 after acquiring an additional 191 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of BlackRock by 19.1% during the 1st quarter. Bessemer Group Inc. now owns 2,677 shares of the asset manager’s stock worth $2,232,000 after purchasing an additional 429 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in BlackRock by 34.4% in the first quarter. Lake Street Advisors Group LLC now owns 1,418 shares of the asset manager’s stock worth $1,182,000 after acquiring an additional 363 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

NYSE BLK opened at $1,047.37 on Monday. The company has a 50-day simple moving average of $969.04 and a two-hundred day simple moving average of $871.62. BlackRock, Inc. has a 12-month low of $708.75 and a 12-month high of $1,068.34. The firm has a market cap of $162.22 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.87 and a beta of 1.30. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BLK shares. Deutsche Bank Aktiengesellschaft lifted their target price on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com assumed coverage on BlackRock in a research report on Wednesday, November 13th. They set a “hold” rating for the company. TD Cowen boosted their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays raised their price objective on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Evercore ISI lifted their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,019.62.

Insider Buying and Selling

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the sale, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. This trade represents a 64.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by 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.