Bfsg LLC Buys Shares of 97 BlackRock, Inc. (NYSE:BLK)

Bfsg LLC bought a new position in shares of BlackRock, Inc. (NYSE:BLK) during the fourth quarter, Holdings Channel reports. The fund bought 97 shares of the asset manager’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLK. Morgan Stanley grew its holdings in shares of BlackRock by 3.2% during the 3rd quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager’s stock valued at $2,178,048,000 after purchasing an additional 104,844 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in BlackRock by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,329,550 shares of the asset manager’s stock valued at $2,148,586,000 after purchasing an additional 35,161 shares in the last quarter. FMR LLC increased its stake in BlackRock by 22.0% during the 3rd quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock valued at $1,361,064,000 after purchasing an additional 379,631 shares in the last quarter. Wellington Management Group LLP increased its stake in BlackRock by 21.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock valued at $1,128,544,000 after purchasing an additional 307,516 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in BlackRock by 5.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,568,890 shares of the asset manager’s stock valued at $1,014,287,000 after purchasing an additional 74,974 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling

In other BlackRock news, Director Rachel Lord sold 36,059 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the completion of the sale, the director now directly owns 17,004 shares of the company’s stock, valued at $13,910,292.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Rachel Lord sold 36,059 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the transaction, the director now owns 17,004 shares in the company, valued at $13,910,292.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Marc D. Comerchero sold 450 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $785.11, for a total transaction 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. Insiders sold a total of 82,511 shares of company stock valued at $66,778,367 over the last three months. 0.90% of the stock is owned by company insiders.

BlackRock Trading Down 0.7 %

Shares of BLK opened at $757.84 on Friday. 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, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $845.00. The stock has a market capitalization of $112.87 billion, a PE ratio of 19.26, a P/E/G ratio of 1.58 and a beta of 1.37. The company’s fifty day moving average is $802.70 and its 200 day moving average is $759.32.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.65 billion. During the same period in the prior year, the firm earned $7.93 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. Sell-side analysts expect that BlackRock, Inc. will post 41.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on BLK shares. Keefe, Bruyette & Woods restated an “outperform” rating and set a $930.00 price objective (up 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 lifted their price target for the stock from $819.00 to $938.00 in a research note on Tuesday, January 16th. Morgan Stanley lifted 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, April 15th. 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. 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 issued a buy rating to the company’s stock. According to MarketBeat, BlackRock currently has a consensus rating of “Moderate Buy” and an average target price of $845.42.

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.