Crestwood Advisors Group LLC Buys 155 Shares of BlackRock, Inc. (NYSE:BLK)

Crestwood Advisors Group LLC grew its holdings in BlackRock, Inc. (NYSE:BLK) by 21.5% during the 3rd quarter, Holdings Channel reports. The fund owned 877 shares of the asset manager’s stock after buying an additional 155 shares during the period. Crestwood Advisors Group LLC’s holdings in BlackRock were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairscale Capital LLC purchased a new position in BlackRock during the second quarter valued at $31,000. Reston Wealth Management LLC purchased a new position in shares of BlackRock during the 3rd quarter valued at about $37,000. Chilton Capital Management LLC bought a new position in shares of BlackRock during the 1st quarter valued at approximately $38,000. MFA Wealth Advisors LLC increased its holdings in BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after acquiring an additional 20 shares in the last quarter. Finally, Olistico Wealth LLC bought a new stake in BlackRock during the 2nd quarter worth approximately $53,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In related news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $875.03, for a total transaction of $10,500,360.00. Following the sale, the director now owns 6,480 shares in the company, valued at approximately $5,670,194.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 35,061 shares of company stock worth $30,734,840. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Citigroup increased their price target on BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Barclays boosted their price objective 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. Evercore ISI increased their target price on BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, TD Cowen boosted their price target on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $995.31.

BlackRock Stock Up 2.3 %

NYSE BLK opened at $1,013.87 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market capitalization of $150.18 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.77 and a beta of 1.30. BlackRock, Inc. has a one year low of $646.91 and a one year high of $1,032.00. The stock has a 50 day moving average price of $944.72 and a 200-day moving average price of $855.82.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $10.91 EPS. As a group, equities analysts predict that BlackRock, Inc. will post 42.94 EPS for the current fiscal year.

BlackRock 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.