Investment House LLC Has $1.46 Million Position in BlackRock, Inc. (NYSE:BLK)

Investment House LLC cut its stake in BlackRock, Inc. (NYSE:BLK) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,795 shares of the asset manager’s stock after selling 25 shares during the period. Investment House LLC’s holdings in BlackRock were worth $1,457,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BLK. Morgan Stanley raised its position in BlackRock by 3.2% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. raised its stake in BlackRock by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,329,550 shares of the asset manager’s stock worth $2,148,586,000 after acquiring an additional 35,161 shares in the last quarter. FMR LLC lifted its holdings in shares of BlackRock by 22.0% in 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. Wellington Management Group LLP boosted its stake in shares of BlackRock by 21.4% in 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. grew its holdings in shares of 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 during the last quarter. 80.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $819.00 to $938.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. upped their target price on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price target (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Finally, UBS Group raised their price objective on shares of BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $845.42.

BlackRock Trading Down 0.2 %

NYSE:BLK opened at $761.28 on Tuesday. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week 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. The firm’s fifty day moving average is $801.42 and its 200-day moving average is $762.69. The firm has a market cap of $113.39 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.58 and a beta of 1.37.

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. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.93 earnings per share. Equities analysts expect that BlackRock, Inc. will post 41.19 earnings per share for the current year.

Insider Buying and Selling at BlackRock

In related news, Director J. Richard Kushel sold 3,418 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $781.11, for a total transaction of $2,669,833.98. Following the transaction, the director now owns 70,378 shares in the company, valued at approximately $54,972,959.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Martin Small sold 7,036 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $786.36, for a total value of $5,532,828.96. Following the completion of the sale, the chief financial officer now directly owns 5,259 shares of the company’s stock, valued at approximately $4,135,467.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director J. Richard Kushel sold 3,418 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $781.11, for a total value of $2,669,833.98. Following the completion of the sale, the director now directly owns 70,378 shares of the company’s stock, valued at approximately $54,972,959.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,511 shares of company stock valued at $66,778,367. 0.90% of the stock is currently owned by company insiders.

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.