Curi RMB Capital LLC Has $13.10 Million Position in BlackRock, Inc. (NYSE:BLK)

Curi RMB Capital LLC grew its holdings in BlackRock, Inc. (NYSE:BLK) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 13,798 shares of the asset manager’s stock after acquiring an additional 310 shares during the quarter. Curi RMB Capital LLC’s holdings in BlackRock were worth $13,101,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BLK. Fairscale Capital LLC bought a new position in shares of BlackRock during the 2nd quarter worth approximately $31,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock during the 3rd quarter valued at $37,000. MFA Wealth Advisors LLC grew its holdings in BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after purchasing an additional 20 shares during the period. Addison Advisors LLC increased its stake in BlackRock by 81.5% in the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 22 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of BlackRock during the third quarter valued at about $54,000. Institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of BlackRock 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 transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BLK has been the topic of several recent research reports. Evercore ISI increased their price target on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com initiated coverage on shares of BlackRock in a report on Wednesday. They set a “hold” rating on the stock. Wells Fargo & Company upped their target price on shares of BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, TD Cowen boosted their price objective on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,019.62.

BlackRock Stock Performance

Shares of NYSE:BLK opened at $1,030.86 on Thursday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The company has a market cap of $152.70 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30. BlackRock, Inc. has a 12 month low of $673.00 and a 12 month high of $1,068.34. The company has a 50-day moving average price of $962.02 and a 200-day moving average price of $866.74.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating 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 return on equity of 15.52% and a net margin of 31.37%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.91 earnings per share. As a group, equities analysts anticipate that BlackRock, Inc. will post 43.17 EPS for the current year.

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.