Arkadios Wealth Advisors Has $1.38 Million Position in BlackRock, Inc. (NYSE:BLK)

Arkadios Wealth Advisors grew its position in BlackRock, Inc. (NYSE:BLK) by 75.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,448 shares of the asset manager’s stock after purchasing an additional 625 shares during the period. Arkadios Wealth Advisors’ holdings in BlackRock were worth $1,375,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its stake in BlackRock by 104,468.9% during the third quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after buying an additional 791,874 shares during the last quarter. Capital Research Global Investors increased its holdings in BlackRock by 11.1% during the 1st quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after purchasing an additional 435,358 shares in the last quarter. Vanguard Group Inc. raised its position in BlackRock by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock valued at $10,990,052,000 after purchasing an additional 292,017 shares during the last quarter. M&G Plc acquired a new position in BlackRock in the first quarter worth $161,918,000. Finally, Sarasin & Partners LLP grew its holdings in shares of BlackRock by 174.8% during the second quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock worth $145,096,000 after purchasing an additional 117,218 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Down 1.0 %

NYSE:BLK opened at $974.07 on Monday. The company has a market cap of $144.75 billion, a PE ratio of 24.75, a PEG ratio of 1.94 and a beta of 1.30. The stock has a 50-day simple moving average of $928.50 and a 200 day simple moving average of $844.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $1,032.00.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping the consensus estimate of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $10.91 EPS. On average, sell-side analysts expect that BlackRock, Inc. will post 41.73 EPS for the current fiscal year.

Insider Activity at BlackRock

In related news, Director Pamela Daley sold 1,531 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the transaction, the director now directly owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BlackRock news, CEO Laurence Fink sold 29,450 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total value of $24,833,712.50. Following the transaction, the chief executive officer now directly owns 353,718 shares of the company’s stock, valued at $298,272,703.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Pamela Daley sold 1,531 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the transaction, the director now owns 5,732 shares in the company, valued at $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,042 shares of company stock worth $56,857,777. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BLK shares. Morgan Stanley lifted their price target on BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Barclays upped their target price on shares of BlackRock from $1,010.00 to $1,120.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Wells Fargo & Company boosted their price objective on shares of BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. UBS Group decreased their price objective on BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. boosted their target price on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $995.31.

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.