BlackRock, Inc. (NYSE:BLK) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lessened its position in BlackRock, Inc. (NYSE:BLK) by 4.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,171 shares of the asset manager’s stock after selling 411 shares during the quarter. BlackRock makes up approximately 1.9% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 11th largest position. OLD Second National Bank of Aurora’s holdings in BlackRock were worth $6,633,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Emerald Advisors LLC boosted its holdings in shares of BlackRock by 2.5% during the fourth quarter. Emerald Advisors LLC now owns 1,048 shares of the asset manager’s stock worth $851,000 after purchasing an additional 26 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of BlackRock by 1.9% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,101 shares of the asset manager’s stock valued at $712,000 after purchasing an additional 21 shares during the period. McGlone Suttner Wealth Management Inc. raised its position in shares of BlackRock by 8.5% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 764 shares of the asset manager’s stock valued at $620,000 after purchasing an additional 60 shares during the period. Patten & Patten Inc. TN acquired a new stake in shares of BlackRock in the fourth quarter worth $205,000. Finally, Sara Bay Financial acquired a new stake in shares of BlackRock in the fourth quarter worth $387,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Price Performance

Shares of BlackRock stock traded up $6.92 during trading on Thursday, reaching $760.71. The company’s stock had a trading volume of 105,996 shares, compared to its average volume of 620,208. The stock has a 50-day moving average price of $806.88 and a two-hundred day moving average price of $755.19. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32. BlackRock, Inc. has a one year low of $596.18 and a one year high of $845.00. The stock has a market capitalization of $113.30 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, topping the consensus estimate of $9.42 by $0.39. The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $7.93 EPS. As a group, sell-side analysts anticipate that BlackRock, Inc. will post 41.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised their price objective 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. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $819.00 to $938.00 in a research note on Tuesday, January 16th. UBS Group lifted 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. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $845.42.

Insiders Place Their Bets

In other BlackRock news, insider Marc D. Comerchero sold 450 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $785.11, for a total transaction of $353,299.50. Following the completion of the sale, the insider now directly owns 5,975 shares of the company’s stock, valued at approximately $4,691,032.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Marc D. Comerchero sold 450 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the completion of the sale, the insider now directly owns 5,975 shares of the company’s stock, valued at approximately $4,691,032.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total value of $25,089,701.76. Following the completion of the sale, the chief executive officer now directly owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The disclosure for this sale can be found here. In the last three months, insiders sold 100,511 shares of company stock valued at $71,864,028. 0.90% of the stock is currently owned by 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.