BlackRock, Inc. (NYSE:BLK) is Windward Capital Management Co. CA’s 10th Largest Position

Windward Capital Management Co. CA lowered its stake in shares of BlackRock, Inc. (NYSE:BLK) by 0.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,931 shares of the asset manager’s stock after selling 19 shares during the quarter. BlackRock accounts for 2.9% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 10th biggest position. Windward Capital Management Co. CA’s holdings in BlackRock were worth $37,915,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Fairscale Capital LLC purchased a new stake in BlackRock in the second quarter worth approximately $31,000. Reston Wealth Management LLC purchased a new stake in shares of BlackRock in the 3rd quarter valued at $37,000. Chilton Capital Management LLC bought a new position in shares of BlackRock during the 1st quarter valued at $38,000. MFA Wealth Advisors LLC raised its position in BlackRock by 100.0% in 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 bought a new stake in BlackRock in the second quarter worth $53,000. 80.69% of the stock is owned by institutional investors.

BlackRock Trading Up 0.3 %

Shares of BLK opened at $1,039.28 on Friday. BlackRock, Inc. has a 1-year low of $650.63 and a 1-year high of $1,057.51. The firm has a market capitalization of $153.95 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.78 and a beta of 1.30. The firm’s 50-day moving average price is $953.10 and its 200-day moving average price is $860.23. 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 posted its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.91 EPS. Sell-side analysts anticipate that BlackRock, Inc. will post 42.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Evercore ISI boosted their price objective on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday. Keefe, Bruyette & Woods raised their target price on shares of BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, TD Cowen upped their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,004.54.

Insider Buying and Selling at BlackRock

In related news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $875.03, for a total value of $10,500,360.00. Following the completion of the transaction, the director now directly owns 6,480 shares in the company, valued at $5,670,194.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 35,061 shares of company stock valued at $30,734,840. 0.90% of the stock is currently owned by company insiders.

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.