BlackRock, Inc. (NYSE:BLK) Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its holdings in BlackRock, Inc. (NYSE:BLK) by 32.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,276 shares of the asset manager’s stock after purchasing an additional 12,528 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in BlackRock were worth $22,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtus ETF Advisers LLC acquired a new position in shares of BlackRock in the 2nd quarter worth approximately $27,000. Massey Quick Simon & CO. LLC acquired a new position in shares of BlackRock in the 2nd quarter worth approximately $31,000. MRA Associates USA LLC acquired a new position in shares of BlackRock in the 2nd quarter worth approximately $33,000. SRS Capital Advisors Inc. acquired a new position in shares of BlackRock in the 2nd quarter worth approximately $33,000. Finally, Ellevest Inc. grew its stake in shares of BlackRock by 89.2% in the 2nd quarter. Ellevest Inc. now owns 70 shares of the asset manager’s stock worth $33,000 after purchasing an additional 33 shares during the last quarter. 81.84% of the stock is currently owned by institutional investors.

In related news, insider Jerkovic Milan 2,522,596 shares of the firm’s stock in a transaction dated Wednesday, October 9th. Company insiders own 1.42% of the company’s stock.

Several equities analysts have recently issued reports on BLK shares. BMO Capital Markets started coverage on shares of BlackRock in a research note on Monday, October 7th. They issued a “market perform” rating and a $547.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on shares of BlackRock from $527.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. ValuEngine cut shares of BlackRock from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Barclays reaffirmed a “buy” rating and issued a $485.00 price objective on shares of BlackRock in a research note on Wednesday, October 9th. Finally, Morgan Stanley raised their target price on shares of BlackRock from $547.00 to $554.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $498.49.

Shares of BLK opened at $451.32 on Friday. BlackRock, Inc. has a one year low of $360.79 and a one year high of $487.45. The company has a 50-day moving average of $432.73 and a two-hundred day moving average of $447.22. The stock has a market cap of $68.70 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.61 and a beta of 1.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.92 and a quick ratio of 2.92.

BlackRock (NYSE:BLK) last posted its earnings results on Tuesday, October 15th. The asset manager reported $7.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.95 by $0.20. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.69 billion. BlackRock had a net margin of 29.31% and a return on equity of 13.00%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $7.52 earnings per share. Analysts anticipate that BlackRock, Inc. will post 27.38 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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