Mission Creek Capital Partners Inc. Has $1.73 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Mission Creek Capital Partners Inc. lowered its position in BlackRock, Inc. (NYSE:BLK) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,822 shares of the asset manager’s stock after selling 42 shares during the period. Mission Creek Capital Partners Inc.’s holdings in BlackRock were worth $1,730,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BLK. FMR LLC lifted its holdings in shares of BlackRock by 10.6% during the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock valued at $2,244,608,000 after purchasing an additional 226,135 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of BlackRock by 1.9% in the third quarter. Fisher Asset Management LLC now owns 2,192,247 shares of the asset manager’s stock valued at $2,081,561,000 after buying an additional 40,865 shares during the period. Ameriprise Financial Inc. increased its position in shares of BlackRock by 2.9% during the second quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager’s stock worth $1,310,762,000 after acquiring an additional 46,728 shares in the last quarter. Legal & General Group Plc lifted its position in BlackRock by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager’s stock valued at $942,640,000 after acquiring an additional 22,311 shares in the last quarter. Finally, Pathway Financial Advisers LLC increased its holdings in BlackRock by 89,389.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after purchasing an additional 1,044,962 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Performance

NYSE BLK opened at $1,038.53 on Wednesday. BlackRock, Inc. has a 52-week low of $742.22 and a 52-week high of $1,068.34. The stock has a market cap of $160.85 billion, a PE ratio of 25.63, a P/E/G ratio of 1.82 and a beta of 1.28. The firm has a 50-day moving average of $998.52 and a 200-day moving average of $891.90. 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 (NYSE:BLK) last issued its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The company had revenue of $5.20 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.91 earnings per share. On average, sell-side analysts anticipate that BlackRock, Inc. will post 43.18 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th will be given a $5.10 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 1.96%. BlackRock’s payout ratio is presently 50.35%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BLK shares. The Goldman Sachs Group increased their price objective on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Evercore ISI increased their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley increased their price objective on shares of BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Barclays lifted their target price on BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, StockNews.com began coverage on BlackRock in a research note on Friday, November 29th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, BlackRock currently has a consensus rating of “Moderate Buy” and an average target price of $1,019.62.

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.