BlackRock, Inc. (NYSE:BLK) Shares Bought by CoreCap Advisors LLC

CoreCap Advisors LLC raised its holdings in BlackRock, Inc. (NYSE:BLK) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 226 shares of the asset manager’s stock after acquiring an additional 17 shares during the period. CoreCap Advisors LLC’s holdings in BlackRock were worth $232,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank increased its holdings in shares of BlackRock by 1.7% during the 4th quarter. Amalgamated Bank now owns 28,711 shares of the asset manager’s stock worth $29,432,000 after buying an additional 489 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of BlackRock by 4.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,480 shares of the asset manager’s stock worth $12,793,000 after buying an additional 578 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of BlackRock by 6.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager’s stock worth $67,038,000 after buying an additional 4,210 shares during the last quarter. Artemis Investment Management LLP increased its holdings in shares of BlackRock by 48.2% during the 4th quarter. Artemis Investment Management LLP now owns 39,539 shares of the asset manager’s stock worth $40,532,000 after buying an additional 12,864 shares during the last quarter. Finally, E. Ohman J or Asset Management AB acquired a new stake in BlackRock in the 4th quarter valued at approximately $46,284,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Price Performance

BlackRock stock opened at $923.48 on Monday. The stock has a market cap of $143.37 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. The company has a fifty day simple moving average of $913.01 and a 200-day simple moving average of $978.40. BlackRock, Inc. has a 12-month low of $752.30 and a 12-month 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) last released its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.84 by $0.46. The business had revenue of $5.28 billion during 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 company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $9.81 EPS. Equities analysts expect that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

Insider Activity at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the company’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $852.01, for a total value of $1,704,020.00. Following the completion of the transaction, the director now owns 66,034 shares in the company, valued at $56,261,628.34. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 12,430 shares of company stock valued at $11,237,249 over the last ninety days. Insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. 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 report on Thursday, April 3rd. Morgan Stanley dropped their target price on shares of BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods dropped their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, TD Cowen dropped their target price on shares of BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,077.08.

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.