Mercer Global Advisors Inc. ADV lifted its position in BlackRock, Inc. (NYSE:BLK – Free Report) by 7,147.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,813 shares of the asset manager's stock after acquiring an additional 16,581 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in BlackRock were worth $17,235,000 as of its most recent SEC filing.
Get BlackRock alerts: Sign Up A number of other hedge funds also recently added to or reduced their stakes in BLK. World Investment Advisors LLC lifted its stake in shares of BlackRock by 48.2% during the 3rd quarter. World Investment Advisors LLC now owns 2,405 shares of the asset manager's stock worth $2,283,000 after purchasing an additional 782 shares during the last quarter.
Oddo BHF Asset Management Sas purchased a new stake in shares of BlackRock during the third quarter valued at about $518,000. Versant Capital Management Inc boosted its holdings in shares of BlackRock by 28.5% in the 4th quarter. Versant Capital Management Inc now owns 545 shares of the asset manager's stock valued at $559,000 after buying an additional 121 shares in the last quarter.
GAMMA Investing LLC grew its position in shares of BlackRock by 9.6% in the 4th quarter. GAMMA Investing LLC now owns 3,343 shares of the asset manager's stock worth $3,427,000 after buying an additional 292 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in shares of BlackRock during the 4th quarter worth approximately $48,000.
80.69% of the stock is owned by hedge funds and other institutional investors. BlackRock Stock Performance BLK traded down $7.28 during midday trading on Monday, hitting $921.92. 381,391 shares of the company were exchanged, compared to its average volume of 686,656.
The company's 50 day simple moving average is $916.05 and its 200 day simple moving average is $980.40. The firm has a market capitalization of $143.13 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a 1-year low of $752.30 and a 1-year high of $1,084.22.
The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock (NYSE:BLK – Get Free Report) last posted its earnings results on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping the consensus estimate of $10.84 by $0.46.
BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the company earned $9.81 earnings per share.
BlackRock's revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current year. Wall Street Analyst Weigh In Several research firms have issued reports on BLK.
Wells Fargo & Company cut their price target on shares of BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Bank of America decreased their price target on BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Barclays boosted their price target on BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th.
Citigroup decreased their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock.
According to data from MarketBeat.com, BlackRock currently has an average rating of "Moderate Buy" and a consensus target price of $1,077.08. View Our Latest Stock Analysis on BlackRock Insider Activity at BlackRock In other BlackRock news, Director J. Richard Kushel sold 430 shares of BlackRock stock in a transaction on Friday, February 28th. The shares were sold at an average price of $949.37, for a total value of $408,229.10.
Following the completion of the transaction, the director now owns 3,720 shares of the company's stock, valued at approximately $3,531,656.40. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Insiders sold a total of 12,430 shares of company stock worth $11,237,249 in the last three months. Company insiders own 1.98% of the company's stock. 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. Featured Stories Before you consider BlackRock, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
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