Moody Lynn & Lieberson LLC Reduces Position in BlackRock, Inc. (NYSE:BLK)

Moody Lynn & Lieberson LLC lessened its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,278 shares of the asset manager’s stock after selling 26 shares during the period. Moody Lynn & Lieberson LLC’s holdings in BlackRock were worth $1,213,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in BlackRock in the 1st quarter valued at about $27,000. Fairscale Capital LLC acquired a new stake in BlackRock during the second quarter worth $31,000. Chilton Capital Management LLC purchased a new stake in BlackRock in the first quarter valued at $38,000. MFA Wealth Advisors LLC grew its holdings in shares of BlackRock by 100.0% during the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after purchasing an additional 20 shares during the period. Finally, Olistico Wealth LLC acquired a new stake in shares of BlackRock during the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Trading Down 0.4 %

Shares of NYSE:BLK opened at $984.32 on Friday. The company has a market cap of $146.27 billion, a PE ratio of 25.01, a P/E/G ratio of 1.94 and a beta of 1.30. The company’s 50 day moving average is $924.23 and its two-hundred day moving average is $841.60. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $1,032.00. 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 issued its earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.91 earnings per share. Equities analysts predict that BlackRock, Inc. will post 41.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Pamela Daley sold 1,531 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the transaction, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the company’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 completion of the transaction, the director now owns 6,480 shares in the company, valued at $5,832,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Pamela Daley sold 1,531 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the transaction, the director now owns 5,732 shares of the company’s stock, valued at $4,826,802.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,042 shares of company stock worth $56,857,777. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BLK shares. Barclays increased their target price on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Citigroup lifted their target price on shares of BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Evercore ISI raised their price target on BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. lifted their price objective on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $995.31.

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.