Cantillon Capital Management LLC Has $464.03 Million Position in BlackRock, Inc. (NYSE:BLK)

Cantillon Capital Management LLC lessened its position in BlackRock, Inc. (NYSE:BLK) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 488,699 shares of the asset manager’s stock after selling 22,990 shares during the period. BlackRock comprises approximately 2.8% of Cantillon Capital Management LLC’s holdings, making the stock its 16th biggest holding. Cantillon Capital Management LLC owned about 0.33% of BlackRock worth $464,025,000 as of its most recent filing with the SEC.

Other large 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 about $31,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock in the 3rd quarter worth approximately $37,000. MFA Wealth Advisors LLC grew its position in BlackRock by 100.0% during the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after acquiring an additional 20 shares during the last quarter. Addison Advisors LLC raised its position in BlackRock by 81.5% in the 3rd quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 22 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new position in BlackRock in the second quarter worth $53,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Trading Up 0.2 %

NYSE BLK opened at $1,049.97 on Tuesday. BlackRock, Inc. has a 52 week low of $712.11 and a 52 week high of $1,068.34. 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 stock’s 50 day moving average price is $972.48 and its two-hundred day moving average price is $873.69. The stock has a market capitalization of $162.62 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.87 and a beta of 1.30.

BlackRock (NYSE:BLK) last released its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period last year, the business earned $10.91 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. As a group, analysts anticipate that BlackRock, Inc. will post 43.17 earnings per share for the current fiscal year.

Insider Activity at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the completion of the sale, the director now owns 6,480 shares in the company, valued at $5,832,000. The trade was a 64.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BLK. StockNews.com assumed coverage on BlackRock in a report on Wednesday, November 13th. They issued a “hold” rating for the company. TD Cowen upped their target price on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company upped their price objective on BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Evercore ISI lifted their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,019.62.

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.