7,744 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by HTLF Bank

HTLF Bank purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,744 shares of the asset manager’s stock, valued at approximately $6,287,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in BlackRock during the fourth quarter worth about $1,037,009,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of BlackRock by 104,159.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 697,499 shares of the asset manager’s stock valued at $494,269,000 after acquiring an additional 696,830 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in BlackRock by 77,524.5% in 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 purchasing an additional 641,128 shares during the last quarter. FMR LLC lifted its position in shares of 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 purchasing an additional 379,631 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of BlackRock by 84.4% during the third quarter. Invesco Ltd. now owns 744,770 shares of the asset manager’s stock valued at $481,486,000 after acquiring an additional 340,792 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on BLK shares. Morgan Stanley increased 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. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price target (up from $918.00) on shares of BlackRock in a report on Friday, April 5th. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. UBS Group upped their price target on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price objective 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $845.42.

Insiders Place Their Bets

In related news, insider Marc D. Comerchero sold 450 shares of BlackRock stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $785.11, for a total value of $353,299.50. Following the completion of the transaction, the insider now directly owns 5,975 shares in the company, valued at approximately $4,691,032.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Laurence Fink sold 30,978 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 414,146 shares in the company, valued at $335,425,128.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Marc D. Comerchero sold 450 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the transaction, the insider now owns 5,975 shares in the company, valued at approximately $4,691,032.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,511 shares of company stock valued at $71,864,028. Insiders own 0.90% of the company’s stock.

BlackRock Price Performance

Shares of BlackRock stock traded up $2.63 during trading on Friday, reaching $749.93. 196,261 shares of the company’s stock were exchanged, compared to its average volume of 621,383. The firm’s 50-day moving average price is $805.96 and its 200 day moving average price is $755.13. The company has a market cap of $111.69 billion, a P/E ratio of 19.13, a PEG ratio of 1.56 and a beta of 1.37. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $845.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48.

BlackRock (NYSE:BLK) last issued its quarterly earnings results 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 business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the firm posted $7.93 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, research analysts anticipate that BlackRock, Inc. will post 41.19 earnings per share for the current year.

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.