BlackRock, Inc. (BLK) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC decreased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 85.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,045 shares of the asset manager’s stock after selling 5,931 shares during the period. Tributary Capital Management LLC’s holdings in BlackRock were worth $493,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BLK. Cornerstone Wealth Management LLC bought a new position in shares of BlackRock during the second quarter worth about $377,000. Altman Advisors Inc. lifted its position in shares of BlackRock by 3,276.3% during the second quarter. Altman Advisors Inc. now owns 189,004 shares of the asset manager’s stock worth $2,140,000 after purchasing an additional 183,406 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of BlackRock by 6,346.5% during the second quarter. Bessemer Group Inc. now owns 183,724 shares of the asset manager’s stock worth $91,685,000 after purchasing an additional 180,874 shares during the last quarter. BlackRock Inc. lifted its position in shares of BlackRock by 2.1% during the second quarter. BlackRock Inc. now owns 7,601,685 shares of the asset manager’s stock worth $3,793,546,000 after purchasing an additional 153,749 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC bought a new position in shares of BlackRock during the second quarter worth about $202,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

In other BlackRock news, Director William E. Ford bought 2,000 shares of the business’s stock in a transaction on Wednesday, October 17th. The shares were purchased at an average price of $409.59 per share, with a total value of $819,180.00. Following the completion of the acquisition, the director now directly owns 7,466 shares of the company’s stock, valued at approximately $3,057,998.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William E. Ford bought 1,000 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was acquired at an average cost of $467.92 per share, for a total transaction of $467,920.00. Following the acquisition, the director now directly owns 5,400 shares of the company’s stock, valued at $2,526,768. The disclosure for this purchase can be found here. Company insiders own 1.86% of the company’s stock.

BLK has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of BlackRock from $541.00 to $592.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Morgan Stanley reduced their price target on shares of BlackRock from $607.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, October 9th. Goldman Sachs Group cut shares of BlackRock from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday. Deutsche Bank increased their price target on shares of BlackRock from $549.00 to $559.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. Finally, Citigroup reduced their price target on shares of BlackRock to $500.00 and set a “buy” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $569.08.

Shares of NYSE BLK opened at $399.87 on Friday. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.88. BlackRock, Inc. has a 52-week low of $399.00 and a 52-week high of $594.52. The stock has a market capitalization of $65.72 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.33 and a beta of 1.55.

BlackRock (NYSE:BLK) last issued its earnings results on Tuesday, October 16th. The asset manager reported $7.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.93 by $0.59. BlackRock had a net margin of 39.92% and a return on equity of 13.76%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the company posted $5.76 earnings per share. BlackRock’s revenue was up 1.9% on a year-over-year basis. As a group, analysts anticipate that BlackRock, Inc. will post 27.59 EPS for the current fiscal 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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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