Field & Main Bank Has $387,000 Stock Holdings in BlackRock, Inc. (NYSE:BLK)

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Field & Main Bank raised its holdings in BlackRock, Inc. (NYSE:BLK) by 3.8% in the third quarter, Holdings Channel.com reports. The fund owned 687 shares of the asset manager’s stock after acquiring an additional 25 shares during the quarter. Field & Main Bank’s holdings in BlackRock were worth $387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its stake in shares of BlackRock by 228.6% in the second quarter. Larson Financial Group LLC now owns 46 shares of the asset manager’s stock worth $25,000 after buying an additional 32 shares during the last quarter. Hall Laurie J Trustee acquired a new stake in shares of BlackRock in the third quarter worth $28,000. Watson Rebecca acquired a new stake in shares of BlackRock in the second quarter worth $30,000. Gradient Investments LLC lifted its stake in shares of BlackRock by 40.4% in the third quarter. Gradient Investments LLC now owns 73 shares of the asset manager’s stock worth $41,000 after buying an additional 21 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of BlackRock in the second quarter worth $44,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

BlackRock stock traded up $2.13 on Friday, hitting $637.31. The company’s stock had a trading volume of 494,217 shares, compared to its average volume of 618,124. The firm has a market cap of $97.18 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 2.19 and a beta of 1.23. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $580.48 and a 200-day moving average price of $548.67. BlackRock, Inc. has a one year low of $323.98 and a one year high of $666.64.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Sunday, October 18th. The asset manager reported $9.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $7.45 by $1.77. The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $3.89 billion. BlackRock had a net margin of 29.83% and a return on equity of 15.00%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.15 EPS. Analysts anticipate that BlackRock, Inc. will post 32.06 EPS for the current year.

In other BlackRock news, Director Mark Wiedman sold 360 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $583.20, for a total value of $209,952.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

A number of analysts have recently weighed in on BLK shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BlackRock from $661.00 to $685.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. Zacks Investment Research cut shares of BlackRock from a “strong-buy” rating to a “hold” rating and set a $609.00 price objective for the company. in a research note on Tuesday, July 21st. Citigroup boosted their price objective on shares of BlackRock from $690.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. Morgan Stanley boosted their target price on shares of BlackRock from $652.00 to $686.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of BlackRock in a research report on Wednesday, October 14th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. BlackRock has a consensus rating of “Buy” and a consensus target price of $635.42.

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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