BlackRock, Inc. (NYSE:BLK) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora trimmed its stake in shares of BlackRock, Inc. (NYSE:BLK) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,714 shares of the asset manager’s stock after selling 166 shares during the quarter. BlackRock comprises 1.8% of OLD Second National Bank of Aurora’s holdings, making the stock its 13th biggest position. OLD Second National Bank of Aurora’s holdings in BlackRock were worth $7,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLK. Entropy Technologies LP acquired a new stake in shares of BlackRock during the first quarter worth approximately $444,000. Koshinski Asset Management Inc. bought a new position in BlackRock during the first quarter worth $919,000. Eagle Bay Advisors LLC lifted its position in BlackRock by 15.9% in the first quarter. Eagle Bay Advisors LLC now owns 175 shares of the asset manager’s stock worth $146,000 after purchasing an additional 24 shares during the period. D Orazio & Associates Inc. grew its position in BlackRock by 12.7% in the first quarter. D Orazio & Associates Inc. now owns 426 shares of the asset manager’s stock valued at $355,000 after acquiring an additional 48 shares during the period. Finally, Wealthquest Corp bought a new stake in shares of BlackRock in the 1st quarter worth about $201,000. Institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In related news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the subject of several research reports. Morgan Stanley raised their price objective on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Argus increased their price target on shares of BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Evercore ISI raised their price target on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Citigroup increased their target price on BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, TD Cowen increased their target price on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $1,019.62.

BlackRock Stock Performance

BlackRock stock opened at $1,036.09 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. BlackRock, Inc. has a 1 year low of $658.14 and a 1 year high of $1,068.34. The company has a market capitalization of $153.48 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.88 and a beta of 1.30. The business has a 50 day moving average of $959.13 and a 200-day moving average of $865.58.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.91 EPS. On average, equities research analysts predict that BlackRock, Inc. will post 43.16 earnings per share for the current year.

About BlackRock

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.