3,440 Shares in BlackRock $BLK Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of BlackRock (NYSE:BLK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,440 shares of the asset manager’s stock, valued at approximately $3,610,000.

Several other large investors have also recently made changes to their positions in the business. Allworth Financial LP boosted its position in shares of BlackRock by 12.7% in the 2nd quarter. Allworth Financial LP now owns 2,663 shares of the asset manager’s stock worth $2,794,000 after purchasing an additional 301 shares in the last quarter. Americana Partners LLC raised its stake in BlackRock by 0.4% during the second quarter. Americana Partners LLC now owns 3,215 shares of the asset manager’s stock valued at $3,373,000 after buying an additional 13 shares during the last quarter. Fountainhead AM LLC boosted its holdings in BlackRock by 18.8% in the second quarter. Fountainhead AM LLC now owns 309 shares of the asset manager’s stock worth $324,000 after acquiring an additional 49 shares in the last quarter. Compass Capital Management Inc. purchased a new stake in shares of BlackRock in the second quarter worth $1,259,000. Finally, PFG Advisors increased its holdings in shares of BlackRock by 43.4% during the second quarter. PFG Advisors now owns 532 shares of the asset manager’s stock valued at $558,000 after acquiring an additional 161 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. TD Cowen upped their price target on shares of BlackRock from $1,301.00 to $1,407.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. UBS Group reiterated a “hold” rating on shares of BlackRock in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft set a $1,320.00 price target on shares of BlackRock and gave the company a “buy” rating in a report on Wednesday, October 15th. Wells Fargo & Company decreased their price objective on shares of BlackRock from $1,180.00 to $1,170.00 and set an “overweight” rating for the company in a report on Wednesday, July 16th. Finally, Jefferies Financial Group increased their target price on BlackRock from $1,196.00 to $1,325.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,303.41.

Insider Activity at BlackRock

In related news, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the completion of the sale, the director owned 7,205 shares in the company, valued at approximately $8,394,113.20. This represents a 62.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.98% of the stock is owned by insiders.

BlackRock Stock Up 0.0%

Shares of BlackRock stock opened at $1,082.37 on Tuesday. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $1,129.70 and its 200 day moving average is $1,071.68. The company has a market cap of $167.61 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.90 and a beta of 1.48.

BlackRock (NYSE:BLK) last posted its earnings results on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). The company had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.22 billion. BlackRock had a return on equity of 15.36% and a net margin of 26.64%.The company’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period last year, the firm posted $11.46 EPS. Research analysts anticipate that BlackRock will post 47.41 EPS for the current year.

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.