Fidelis Capital Partners LLC Has $1.95 Million Position in BlackRock $BLK

Fidelis Capital Partners LLC lowered its stake in shares of BlackRock (NYSE:BLK) by 7.2% in the second quarter, Holdings Channel reports. The firm owned 1,738 shares of the asset manager’s stock after selling 134 shares during the period. Fidelis Capital Partners LLC’s holdings in BlackRock were worth $1,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Welch Group LLC raised its holdings in BlackRock by 1.2% in the 2nd quarter. Welch Group LLC now owns 760 shares of the asset manager’s stock worth $797,000 after acquiring an additional 9 shares during the period. Stanley Laman Group Ltd. grew its position in shares of BlackRock by 2.7% in the second quarter. Stanley Laman Group Ltd. now owns 340 shares of the asset manager’s stock valued at $357,000 after purchasing an additional 9 shares during the last quarter. CNB Bank lifted its position in shares of BlackRock by 9.6% during the 2nd quarter. CNB Bank now owns 103 shares of the asset manager’s stock worth $108,000 after purchasing an additional 9 shares during the last quarter. Magellan Asset Management Ltd boosted its stake in BlackRock by 14.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 72 shares of the asset manager’s stock valued at $76,000 after purchasing an additional 9 shares during the period. Finally, McLean Asset Management Corp grew its holdings in BlackRock by 3.9% in the 2nd quarter. McLean Asset Management Corp now owns 266 shares of the asset manager’s stock valued at $285,000 after buying an additional 10 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group reiterated a “hold” rating on shares of BlackRock in a report on Tuesday, October 21st. Zacks Research lowered shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $1,320.00 price target on shares of BlackRock and gave the company a “buy” rating in a report on Wednesday, October 15th. Argus boosted their price objective on shares of BlackRock from $1,165.00 to $1,330.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Evercore ISI increased their target price on shares of BlackRock from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,303.41.

BlackRock Stock Performance

Shares of NYSE:BLK opened at $1,081.66 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04. The business’s fifty day moving average price is $1,130.62 and its two-hundred day moving average price is $1,070.51. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,219.94. The stock has a market capitalization of $167.50 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 1.90 and a beta of 1.48.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a net margin of 26.64% and a return on equity of 15.36%. The company had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.22 billion. During the same period in the previous year, the business posted $11.46 earnings per share. The firm’s revenue was up 25.2% compared to the same quarter last year. As a group, analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

Insider Buying and Selling

In other BlackRock news, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the sale, the director directly owned 7,205 shares of the company’s stock, valued at approximately $8,394,113.20. This represents a 62.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.98% of the stock is currently owned by company insiders.

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.