J. W. Coons Advisors LLC Sells 10 Shares of BlackRock, Inc. (NYSE:BLK)

J. W. Coons Advisors LLC reduced its stake in BlackRock, Inc. (NYSE:BLK) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,473 shares of the asset manager’s stock after selling 10 shares during the period. BlackRock makes up approximately 1.1% of J. W. Coons Advisors LLC’s holdings, making the stock its 22nd largest holding. J. W. Coons Advisors LLC’s holdings in BlackRock were worth $4,247,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BLK. Ontario Teachers Pension Plan Board grew its stake in BlackRock by 34.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 1,844 shares of the asset manager’s stock worth $1,537,000 after buying an additional 476 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in BlackRock by 39.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,494 shares of the asset manager’s stock worth $13,751,000 after buying an additional 4,700 shares in the last quarter. Clearbridge Investments LLC grew its holdings in BlackRock by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 64,066 shares of the asset manager’s stock worth $53,412,000 after acquiring an additional 191 shares during the last quarter. Bessemer Group Inc. increased its position in BlackRock by 19.1% in the 1st quarter. Bessemer Group Inc. now owns 2,677 shares of the asset manager’s stock valued at $2,232,000 after acquiring an additional 429 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in shares of BlackRock by 34.4% in the first quarter. Lake Street Advisors Group LLC now owns 1,418 shares of the asset manager’s stock worth $1,182,000 after acquiring an additional 363 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Stock Up 0.0 %

NYSE:BLK opened at $1,047.37 on Monday. The company has a market cap of $162.22 billion, a PE ratio of 25.85, a PEG ratio of 1.87 and a beta of 1.30. The stock has a 50-day simple moving average of $969.04 and a 200 day simple moving average of $871.62. 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 $708.75 and a 52-week high of $1,068.34.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the previous year, the firm posted $10.91 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, sell-side analysts expect that BlackRock, Inc. will post 43.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. This trade represents a 64.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BLK. JPMorgan Chase & Co. raised their price target on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Morgan Stanley boosted their target price on BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. TD Cowen raised their price target on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. StockNews.com began coverage on BlackRock in a research report on Wednesday, November 13th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company upped their target price on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,019.62.

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.