Usca Ria LLC Boosts Stake in BlackRock, Inc. (BLK)

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Usca Ria LLC increased its holdings in BlackRock, Inc. (NYSE:BLK) by 21.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,299 shares of the asset manager’s stock after buying an additional 575 shares during the period. Usca Ria LLC’s holdings in BlackRock were worth $1,555,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC acquired a new position in shares of BlackRock in the 3rd quarter valued at about $116,000. AlphaMark Advisors LLC acquired a new position in shares of BlackRock in the 2nd quarter valued at about $147,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of BlackRock in the 2nd quarter valued at about $150,000. Kaizen Advisory LLC boosted its holdings in shares of BlackRock by 156.7% in the 2nd quarter. Kaizen Advisory LLC now owns 308 shares of the asset manager’s stock valued at $154,000 after buying an additional 188 shares during the period. Finally, Canton Hathaway LLC acquired a new position in shares of BlackRock in the 3rd quarter valued at about $146,000. 82.65% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Citigroup reduced their target price on shares of BlackRock to $500.00 and set a “buy” rating for the company in a research note on Wednesday, October 17th. Zacks Investment Research raised shares of BlackRock from a “sell” rating to a “hold” rating in a research note on Friday, August 31st. Goldman Sachs Group lowered shares of BlackRock from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, October 17th. Wells Fargo & Co reduced their target price on shares of BlackRock from $545.00 to $510.00 and set a “market perform” rating for the company in a research note on Thursday, October 11th. Finally, Argus reduced their target price on shares of BlackRock from $620.00 to $535.00 and set a “buy” rating for the company in a research note on Wednesday, October 17th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $569.08.

In related news, Director William E. Ford purchased 2,000 shares of BlackRock stock in a transaction dated Monday, October 22nd. The stock was bought at an average cost of $395.21 per share, with a total value of $790,420.00. Following the purchase, the director now owns 9,466 shares in the company, valued at approximately $3,741,057.86. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.75% of the company’s stock.

BlackRock stock opened at $416.45 on Wednesday. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.88. The stock has a market cap of $65.39 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.23 and a beta of 1.54. BlackRock, Inc. has a 52-week low of $376.31 and a 52-week high of $594.52.

BlackRock (NYSE:BLK) last posted its earnings results on Tuesday, October 16th. The asset manager reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.93 by $0.59. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. BlackRock had a net margin of 39.92% and a return on equity of 13.76%. BlackRock’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $5.76 EPS. Equities analysts forecast that BlackRock, Inc. will post 27.71 EPS for the current fiscal year.

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BlackRock 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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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