BlackRock, Inc. (NYSE:BLK) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in BlackRock, Inc. (NYSE:BLK) by 25.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,216 shares of the asset manager’s stock after selling 10,598 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in BlackRock were worth $29,640,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fairscale Capital LLC acquired a new position in BlackRock in the second quarter valued at approximately $31,000. Reston Wealth Management LLC acquired a new stake in BlackRock in the third quarter worth $37,000. MFA Wealth Advisors LLC raised its holdings in shares of BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after buying an additional 20 shares during the last quarter. Chilton Capital Management LLC acquired a new position in shares of BlackRock during the first quarter worth approximately $38,000. Finally, City Holding Co. bought a new position in BlackRock in the 3rd quarter worth approximately $55,000. 80.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BLK has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley increased their target price 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. Barclays increased their price objective on BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. StockNews.com assumed coverage on BlackRock in a report on Tuesday. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. upped their target price on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $995.31.

Insider Activity at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 35,061 shares of company stock worth $30,734,840. 0.90% of the stock is owned by insiders.

BlackRock Stock Performance

BLK opened at $1,013.87 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market cap of $150.18 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.77 and a beta of 1.30. The stock has a 50-day moving average of $944.72 and a 200-day moving average of $855.82. BlackRock, Inc. has a 52-week low of $646.91 and a 52-week high of $1,032.00.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating the consensus estimate of $10.42 by $1.04. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the company posted $10.91 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities research analysts forecast that BlackRock, Inc. will post 42.94 earnings per share for the current fiscal year.

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.