Brown Advisory Inc. bought a new position in shares of BlackRock, Inc. (NYSE:BLK – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 66,301 shares of the asset manager's stock, valued at approximately $67,965,000. Get BlackRock alerts: Sign Up Several other hedge funds and other institutional investors have also recently modified their holdings of BLK.
IAG Wealth Partners LLC acquired a new stake in shares of BlackRock in the fourth quarter valued at approximately $26,000. Collier Financial bought a new stake in shares of BlackRock during the 4th quarter worth about $32,000. Compass Planning Associates Inc bought a new position in BlackRock during the 4th quarter worth $33,000.
Atwood & Palmer Inc. bought a new stake in shares of BlackRock in the fourth quarter valued at about $36,000. Finally, West Financial Advisors LLC acquired a new position in shares of BlackRock during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 80.69% of the company's stock.
BlackRock Stock Up 0.6 % BLK stock traded up $5.30 during mid-day trading on Wednesday, reaching $920.27. 493,927 shares of the company traded hands, compared to its average volume of 685,869. BlackRock, Inc. has a fifty-two week low of $752.30 and a fifty-two week high of $1,084.22.
The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm's 50 day moving average price is $914.30 and its 200 day moving average price is $979.54. The stock has a market cap of $142.88 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.90 and a beta of 1.41.
BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, topping the consensus estimate of $10.84 by $0.46. The business had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.47 billion.
BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $9.81 earnings per share.
As a group, equities research analysts predict that BlackRock, Inc. will post 47.41 EPS for the current fiscal year. Analyst Ratings Changes BLK has been the subject of several analyst reports. Bank of America dropped their target price on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd.
Barclays increased their price objective on shares of BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. Keefe, Bruyette & Woods lowered their target price on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Wells Fargo & Company lowered their price objective on BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating for the company in a research note on Monday, April 14th.
Finally, TD Cowen reduced their target price on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, BlackRock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,077.08.
Check Out Our Latest Stock Analysis on BlackRock Insider Buying and Selling In other news, Director J. Richard Kushel sold 430 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $949.37, for a total transaction of $408,229.10. Following the completion of the transaction, the director now directly owns 3,720 shares in the company, valued at $3,531,656.40.
The trade was a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 12,430 shares of company stock valued at $11,237,249.
1.98% of the stock is 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.
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