MFA Wealth Advisors LLC Buys 20 Shares of BlackRock, Inc. (NYSE:BLK)

MFA Wealth Advisors LLC raised its stake in BlackRock, Inc. (NYSE:BLK) by 100.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40 shares of the asset manager’s stock after acquiring an additional 20 shares during the quarter. MFA Wealth Advisors LLC’s holdings in BlackRock were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sterling Investment Counsel LLC lifted its holdings in shares of BlackRock by 16.7% in the third quarter. Sterling Investment Counsel LLC now owns 924 shares of the asset manager’s stock worth $877,000 after acquiring an additional 132 shares during the last quarter. Greenleaf Trust raised its holdings in BlackRock by 2.6% in the 3rd quarter. Greenleaf Trust now owns 6,989 shares of the asset manager’s stock valued at $6,636,000 after buying an additional 179 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in BlackRock in the 3rd quarter valued at approximately $269,000. Marietta Wealth Management LLC raised its holdings in BlackRock by 2.8% in the 3rd quarter. Marietta Wealth Management LLC now owns 8,007 shares of the asset manager’s stock valued at $7,603,000 after buying an additional 217 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in BlackRock by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 12,035 shares of the asset manager’s stock valued at $11,427,000 after buying an additional 142 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In other BlackRock news, CEO Laurence Fink sold 29,450 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the completion of the sale, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other BlackRock news, CEO Laurence Fink sold 29,450 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the completion of the sale, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Wiedman sold 12,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,042 shares of company stock worth $56,857,777. 0.90% of the stock is owned by corporate insiders.

BlackRock Stock Down 1.3 %

BlackRock stock opened at $988.16 on Thursday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $1,032.00. The firm’s fifty day moving average is $924.23 and its 200 day moving average is $841.60. The company has a market capitalization of $146.84 billion, a PE ratio of 25.11, a PEG ratio of 1.94 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 (EPS) for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the previous year, the company earned $10.91 EPS. BlackRock’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, sell-side analysts predict that BlackRock, Inc. will post 41.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLK. StockNews.com began coverage on shares of BlackRock in a report on Sunday. They issued a “hold” rating for the company. Morgan Stanley raised their price objective on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a report on Monday, October 14th. JPMorgan Chase & Co. raised their price objective on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday. Evercore ISI raised their price target on shares of BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and an average target price of $995.31.

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.