Oak Harvest Investment Services Has $13.39 Million Holdings in BlackRock $BLK

Oak Harvest Investment Services lifted its stake in shares of BlackRock (NYSE:BLK) by 7.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,759 shares of the asset manager’s stock after purchasing an additional 926 shares during the period. BlackRock makes up about 1.7% of Oak Harvest Investment Services’ holdings, making the stock its 10th biggest position. Oak Harvest Investment Services’ holdings in BlackRock were worth $13,387,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BLK. Game Plan Financial Advisors LLC raised its holdings in shares of BlackRock by 100.0% during the first quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock worth $28,000 after acquiring an additional 15 shares in the last quarter. Garde Capital Inc. increased its position in BlackRock by 200.0% in the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after buying an additional 18 shares during the period. Cheviot Value Management LLC acquired a new position in shares of BlackRock during the first quarter valued at about $30,000. Whipplewood Advisors LLC raised its holdings in BlackRock by 107.1% in the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 15 shares in the last quarter. Finally, Creekmur Asset Management LLC lifted its position in shares of BlackRock by 87.5% in the 2nd quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock worth $32,000 after acquiring an additional 14 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLK has been the topic of a number of recent research reports. Citigroup increased their price objective on BlackRock from $1,200.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Argus increased their price objective on BlackRock from $1,165.00 to $1,330.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Loop Capital set a $1,255.00 price target on BlackRock in a report on Tuesday, October 21st. Jefferies Financial Group raised their target price on shares of BlackRock from $1,196.00 to $1,325.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Finally, BNP Paribas Exane boosted their price target on BlackRock from $1,160.00 to $1,265.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,303.41.

Insider Buying and Selling at BlackRock

In related news, Director Rachel Lord sold 12,000 shares of BlackRock stock in a transaction on Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the sale, the director owned 7,205 shares in the company, valued at $8,394,113.20. The trade was a 62.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.98% of the company’s stock.

BlackRock Price Performance

BLK opened at $1,068.57 on Friday. The firm has a market cap of $165.47 billion, a P/E ratio of 27.48, a PEG ratio of 1.90 and a beta of 1.48. The firm has a 50-day moving average of $1,128.20 and a 200 day moving average of $1,073.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,219.94.

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