Canada Pension Plan Investment Board raised its position in BlackRock, Inc. (NYSE:BLK) by 32.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,703 shares of the asset manager’s stock after buying an additional 33,000 shares during the period. Canada Pension Plan Investment Board owned about 0.08% of BlackRock worth $60,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Financial Architects Inc increased its holdings in BlackRock by 0.7% in the second quarter. Financial Architects Inc now owns 291 shares of the asset manager’s stock valued at $123,000 after buying an additional 2 shares in the last quarter. Davis R M Inc. increased its holdings in BlackRock by 0.4% in the second quarter. Davis R M Inc. now owns 564 shares of the asset manager’s stock valued at $238,000 after buying an additional 2 shares in the last quarter. National Asset Management Inc. increased its holdings in BlackRock by 0.4% in the first quarter. National Asset Management Inc. now owns 716 shares of the asset manager’s stock valued at $275,000 after buying an additional 3 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in BlackRock by 1.2% in the second quarter. Proficio Capital Partners LLC now owns 262 shares of the asset manager’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its holdings in BlackRock by 0.4% in the second quarter. ZWJ Investment Counsel Inc. now owns 688 shares of the asset manager’s stock valued at $291,000 after buying an additional 3 shares in the last quarter. 82.24% of the stock is owned by institutional investors.

In related news, insider Robert W. Fairbairn sold 3,675 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $415.31, for a total transaction of $1,526,264.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Mccombe sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $478.99, for a total transaction of $478,990.00. The disclosure for this sale can be found here. Insiders have sold 4,775 shares of company stock worth $2,053,412 over the last 90 days. 1.86% of the stock is currently owned by company insiders.

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BlackRock, Inc. (BLK) opened at $479.11 on Friday. The firm has a market cap of $77.13 billion, a PE ratio of 22.04, a P/E/G ratio of 1.64 and a beta of 1.79. BlackRock, Inc. has a 52-week low of $338.71 and a 52-week high of $489.79. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.22 and a current ratio of 3.22.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share for the quarter, topping analysts’ consensus estimates of $5.49 by $0.43. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.10 billion. BlackRock had a net margin of 29.52% and a return on equity of 12.09%. BlackRock’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted $5.14 earnings per share. analysts anticipate that BlackRock, Inc. will post 22.29 EPS for the current fiscal year.

A number of research analysts have weighed in on BLK shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $460.00 price objective (up previously from $422.00) on shares of BlackRock in a report on Monday, July 10th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $425.00 price objective (up previously from $380.00) on shares of BlackRock in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $440.00 price objective on shares of BlackRock in a report on Friday, July 14th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $534.00 price objective on shares of BlackRock in a report on Tuesday, July 18th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $455.00 price objective (down previously from $465.00) on shares of BlackRock in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $489.08.

BlackRock Company 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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