Penserra Capital Management LLC Has $164,000 Position in BlackRock, Inc. (BLK)

Penserra Capital Management LLC boosted its holdings in BlackRock, Inc. (NYSE:BLK) by 48.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 369 shares of the asset manager’s stock after purchasing an additional 121 shares during the period. Penserra Capital Management LLC’s holdings in BlackRock were worth $164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of BLK. Salem Investment Counselors Inc. boosted its holdings in BlackRock by 14.3% in the second quarter. Salem Investment Counselors Inc. now owns 240 shares of the asset manager’s stock valued at $101,000 after purchasing an additional 30 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in BlackRock by 48.9% in the first quarter. Proficio Capital Partners LLC now owns 259 shares of the asset manager’s stock valued at $103,000 after purchasing an additional 85 shares during the last quarter. Enterprise Financial Services Corp boosted its holdings in BlackRock by 52.5% in the second quarter. Enterprise Financial Services Corp now owns 247 shares of the asset manager’s stock valued at $104,000 after purchasing an additional 85 shares during the last quarter. Kings Point Capital Management boosted its holdings in BlackRock by 34.5% in the first quarter. Kings Point Capital Management now owns 273 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 70 shares during the last quarter. Finally, Harfst & Associates Inc. boosted its holdings in BlackRock by 17.3% in the second quarter. Harfst & Associates Inc. now owns 265 shares of the asset manager’s stock valued at $111,000 after purchasing an additional 39 shares during the last quarter. 82.24% of the stock is owned by hedge funds and other institutional investors.

BlackRock, Inc. (NYSE BLK) opened at 470.83 on Wednesday. The firm’s 50-day moving average price is $455.97 and its 200-day moving average price is $423.82. The company has a market capitalization of $76.08 billion, a price-to-earnings ratio of 22.05 and a beta of 1.72. BlackRock, Inc. has a 52 week low of $337.43 and a 52 week high of $489.79.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, October 11th. The asset manager reported $5.92 earnings per share for the quarter, topping the consensus estimate of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.09%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the company posted $5.14 EPS. BlackRock’s revenue was up 14.0% on a year-over-year basis. On average, equities analysts expect that BlackRock, Inc. will post $22.36 earnings per share for the current year.

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A number of research analysts recently commented on BLK shares. BidaskClub downgraded BlackRock from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Barclays PLC increased their target price on BlackRock from $475.00 to $500.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. J P Morgan Chase & Co increased their target price on BlackRock to $558.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $475.00 target price (up previously from $450.00) on shares of BlackRock in a report on Thursday, October 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $460.00 target price (up previously from $422.00) on shares of BlackRock in a report on Monday, July 10th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $489.08.

In other BlackRock news, Director J. Richard Kushel sold 100 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $481.58, for a total transaction of $48,158.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Mccombe sold 1,000 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $478.99, for a total transaction of $478,990.00. The disclosure for this sale can be found here. Insiders sold a total of 4,775 shares of company stock valued at $2,053,412 in the last 90 days. 1.86% of the stock is currently owned by corporate insiders.

About BlackRock

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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