Fulcrum Capital LLC boosted its position in BlackRock, Inc. (NYSE:BLK) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,411 shares of the asset manager’s stock after purchasing an additional 182 shares during the period. BlackRock comprises approximately 2.8% of Fulcrum Capital LLC’s portfolio, making the stock its 9th biggest holding. Fulcrum Capital LLC’s holdings in BlackRock were worth $7,264,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of BLK. Truvestments Capital LLC purchased a new stake in shares of BlackRock in the third quarter worth $116,000. Canton Hathaway LLC purchased a new stake in shares of BlackRock in the third quarter worth $146,000. AlphaMark Advisors LLC purchased a new stake in shares of BlackRock in the second quarter worth $147,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of BlackRock in the second quarter worth $150,000. Finally, Kaizen Advisory LLC raised its position in shares of BlackRock by 156.7% in the second quarter. Kaizen Advisory LLC now owns 308 shares of the asset manager’s stock worth $154,000 after buying an additional 188 shares in the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.
In other news, Director William E. Ford bought 2,000 shares of BlackRock stock in a transaction that occurred on Wednesday, October 17th. The shares were acquired at an average price of $409.59 per share, with a total value of $819,180.00. Following the completion of the purchase, the director now directly owns 7,466 shares in the company, valued at $3,057,998.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.86% of the stock is owned by corporate insiders.
BLK opened at $421.39 on Friday. The firm has a market capitalization of $65.98 billion, a P/E ratio of 18.65, a PEG ratio of 1.24 and a beta of 1.54. 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 $376.31 and a 52 week high of $594.52.
BlackRock (NYSE:BLK) last released its earnings results on Tuesday, October 16th. The asset manager reported $7.52 EPS for the quarter, beating the Zacks’ consensus estimate of $6.93 by $0.59. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. BlackRock had a return on equity of 13.76% and a net margin of 39.92%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.76 earnings per share. As a group, sell-side analysts anticipate that BlackRock, Inc. will post 27.71 earnings per share for the current fiscal year.
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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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