Oppenheimer & Co. Inc. Has $13.16 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Oppenheimer & Co. Inc. reduced its holdings in BlackRock, Inc. (NYSE:BLK) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,856 shares of the asset manager’s stock after selling 2,234 shares during the period. Oppenheimer & Co. Inc.’s holdings in BlackRock were worth $13,156,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Axxcess Wealth Management LLC lifted its position in BlackRock by 35.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager’s stock worth $3,945,000 after buying an additional 1,248 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of BlackRock by 219.5% in the 1st quarter. Cetera Investment Advisers now owns 44,065 shares of the asset manager’s stock worth $36,737,000 after purchasing an additional 30,274 shares during the last quarter. M&G Plc acquired a new stake in shares of BlackRock during the first quarter worth $161,918,000. GAMMA Investing LLC increased its holdings in BlackRock by 62.8% in the second quarter. GAMMA Investing LLC now owns 2,291 shares of the asset manager’s stock valued at $1,804,000 after purchasing an additional 884 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in BlackRock by 20.8% in the third quarter. Aptus Capital Advisors LLC now owns 21,333 shares of the asset manager’s stock valued at $20,256,000 after buying an additional 3,675 shares during the period. Institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

BLK has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods increased their target price on shares of BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. StockNews.com initiated coverage on shares of BlackRock in a research report on Wednesday. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised their price target on BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Citigroup raised their target price on shares of BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. 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 company presently has an average rating of “Moderate Buy” and an average price target of $1,019.62.

Insider Buying and Selling

In other news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the sale, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Price Performance

Shares of BLK stock traded up $4.28 during trading on Wednesday, hitting $1,040.63. The company had a trading volume of 40,251 shares, compared to its average volume of 570,825. The firm has a market capitalization of $154.15 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30. BlackRock, Inc. has a one year low of $673.00 and a one year high of $1,068.34. 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 stock’s 50-day moving average price is $959.13 and its 200 day moving average price is $865.58.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The company 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%. BlackRock’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $10.91 earnings per share. Equities analysts expect that BlackRock, Inc. will post 43.16 EPS for the current fiscal 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.