Capital Analysts LLC Grows Holdings in BlackRock, Inc. (NYSE:BLK)

Capital Analysts LLC raised its position in BlackRock, Inc. (NYSE:BLK) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,134 shares of the asset manager’s stock after purchasing an additional 109 shares during the period. Capital Analysts LLC’s holdings in BlackRock were worth $3,356,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BLK. Norges Bank acquired a new position in BlackRock during the fourth quarter worth about $1,037,009,000. Moneta Group Investment Advisors LLC boosted its position in BlackRock by 104,159.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 697,499 shares of the asset manager’s stock worth $494,269,000 after acquiring an additional 696,830 shares during the last quarter. International Assets Investment Management LLC boosted its position in BlackRock by 77,524.5% during the fourth quarter. International Assets Investment Management LLC now owns 641,955 shares of the asset manager’s stock worth $5,211,390,000 after acquiring an additional 641,128 shares during the last quarter. FMR LLC boosted its position in BlackRock by 22.0% during the third quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock worth $1,361,064,000 after acquiring an additional 379,631 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in BlackRock by 84.4% in the 3rd quarter. Invesco Ltd. now owns 744,770 shares of the asset manager’s stock valued at $481,486,000 after purchasing an additional 340,792 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Price Performance

Shares of BLK opened at $758.54 on Tuesday. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $845.00. The firm’s 50 day moving average price is $808.48 and its 200 day moving average price is $754.48. The company has a market cap of $112.98 billion, a P/E ratio of 19.39, a PEG ratio of 1.65 and a beta of 1.37. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the firm posted $7.93 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, research analysts forecast that BlackRock, Inc. will post 41.35 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Christopher J. Meade sold 18,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $282.54, for a total transaction of $5,085,660.60. Following the completion of the sale, the general counsel now owns 11,914 shares in the company, valued at approximately $3,366,142.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, General Counsel Christopher J. Meade sold 18,000 shares of BlackRock stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $282.54, for a total value of $5,085,660.60. Following the sale, the general counsel now owns 11,914 shares of the company’s stock, valued at $3,366,142.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Christopher J. Meade sold 3,100 shares of BlackRock stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $793.86, for a total transaction of $2,460,966.00. Following the completion of the sale, the general counsel now directly owns 8,628 shares in the company, valued at approximately $6,849,424.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,511 shares of company stock worth $71,864,028. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BLK. UBS Group boosted their target price on shares of BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a report on Friday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $930.00 target price (up from $918.00) on shares of BlackRock in a report on Friday, April 5th. TD Cowen raised shares of BlackRock from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $819.00 to $938.00 in a research note on Tuesday, January 16th. JPMorgan Chase & Co. boosted their price target on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Morgan Stanley boosted their price target on shares of BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $811.43.

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.