BlackRock, Inc. (NYSE:BLK) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. cut its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 5.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 507 shares of the asset manager’s stock after selling 31 shares during the period. Duncker Streett & Co. Inc.’s holdings in BlackRock were worth $412,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Abacus Planning Group Inc. lifted its stake in BlackRock by 4.0% in the 4th quarter. Abacus Planning Group Inc. now owns 334 shares of the asset manager’s stock worth $271,000 after purchasing an additional 13 shares in the last quarter. Everhart Financial Group Inc. raised its position in shares of BlackRock by 3.2% during the 4th quarter. Everhart Financial Group Inc. now owns 450 shares of the asset manager’s stock valued at $365,000 after buying an additional 14 shares during the period. Spreng Capital Management Inc. raised its position in shares of BlackRock by 1.1% during the 4th quarter. Spreng Capital Management Inc. now owns 1,329 shares of the asset manager’s stock valued at $1,079,000 after buying an additional 14 shares during the period. Inscription Capital LLC increased its holdings in BlackRock by 1.2% in the 4th quarter. Inscription Capital LLC now owns 1,274 shares of the asset manager’s stock valued at $1,034,000 after purchasing an additional 15 shares during the last quarter. Finally, ERTS Wealth Advisors LLC increased its holdings in BlackRock by 2.9% in the 4th quarter. ERTS Wealth Advisors LLC now owns 538 shares of the asset manager’s stock valued at $437,000 after purchasing an additional 15 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLK has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $819.00 to $938.00 in a research note on Tuesday, January 16th. UBS Group boosted their price target on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Morgan Stanley boosted their price target on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and a consensus price target of $811.43.

Insiders Place Their Bets

In other news, General Counsel Christopher J. Meade sold 18,000 shares of the stock in a transaction that occurred on 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 directly owns 11,914 shares in the company, valued at $3,366,142.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BlackRock news, General Counsel Christopher J. Meade sold 18,000 shares of the stock in a transaction that occurred 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 transaction, the general counsel now owns 11,914 shares of the company’s stock, valued at $3,366,142.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Laurence Fink sold 30,978 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the transaction, the chief executive officer now directly owns 414,146 shares in the company, valued at approximately $335,425,128.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,511 shares of company stock worth $71,864,028. 0.90% of the stock is owned by company insiders.

BlackRock Stock Performance

BLK traded down $13.32 on Wednesday, reaching $749.67. The company had a trading volume of 663,071 shares, compared to its average volume of 632,296. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $845.00. The stock has a market capitalization of $111.66 billion, a PE ratio of 19.03, a P/E/G ratio of 1.53 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. The stock has a 50-day moving average price of $807.70 and a 200-day moving average price of $755.20.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share 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 firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the company earned $7.93 earnings per share. BlackRock’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that BlackRock, Inc. will post 41.41 EPS for the current fiscal 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.