Public Employees Retirement Association of Colorado trimmed its position in shares of BlackRock, Inc. (NYSE:BLK) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,699 shares of the asset manager’s stock after selling 900 shares during the period. Public Employees Retirement Association of Colorado’s holdings in BlackRock were worth $9,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Everett Harris & Co. CA grew its holdings in shares of BlackRock by 9.2% during the 2nd quarter. Everett Harris & Co. CA now owns 100,143 shares of the asset manager’s stock valued at $42,301,000 after acquiring an additional 8,478 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of BlackRock by 48.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 101,703 shares of the asset manager’s stock valued at $42,960,000 after acquiring an additional 33,400 shares in the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in shares of BlackRock during the 3rd quarter valued at $222,000. Blue Chip Partners Inc. grew its holdings in shares of BlackRock by 8.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 13,440 shares of the asset manager’s stock valued at $5,677,000 after acquiring an additional 1,055 shares in the last quarter. Finally, WFG Advisors LP grew its holdings in shares of BlackRock by 66.6% during the 2nd quarter. WFG Advisors LP now owns 1,096 shares of the asset manager’s stock valued at $463,000 after acquiring an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 82.24% of the company’s stock.

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In other BlackRock news, insider Mark Mccombe sold 1,000 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $478.99, for a total transaction of $478,990.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director J. Richard Kushel sold 100 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $481.58, for a total transaction of $48,158.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,775 shares of company stock valued at $2,053,412. Company insiders own 1.86% of the company’s stock.

Several equities analysts have recently commented on BLK shares. Morgan Stanley restated an “overweight” rating and set a $476.00 price target (up from $460.00) on shares of BlackRock in a report on Tuesday, July 18th. Barclays PLC started coverage on shares of BlackRock in a report on Friday, September 8th. They set an “overweight” rating and a $475.00 price target on the stock. Credit Suisse Group restated an “outperform” rating on shares of BlackRock in a report on Tuesday, August 29th. Keefe, Bruyette & Woods restated a “hold” rating and set a $440.00 price target on shares of BlackRock in a report on Friday, July 14th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $425.00 price target (up from $380.00) on shares of BlackRock in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $489.08.

BlackRock, Inc. (NYSE BLK) opened at $479.11 on Friday. The firm has a market cap of $77.13 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth 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 current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 1.06.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.49 by $0.43. The firm had revenue of $3.23 billion during 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%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.14 EPS. equities analysts expect that BlackRock, Inc. will post 22.29 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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