490 Shares in BlackRock $BLK Bought by Headinvest LLC

Headinvest LLC purchased a new stake in BlackRock (NYSE:BLK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 490 shares of the asset manager’s stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of BlackRock by 23.1% in the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock valued at $1,615,000 after buying an additional 296 shares in the last quarter. Bison Wealth LLC lifted its position in BlackRock by 1.6% during the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock worth $1,078,000 after acquiring an additional 17 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in BlackRock during the 2nd quarter worth approximately $259,000. Nebula Research & Development LLC purchased a new position in BlackRock in the 2nd quarter worth approximately $548,000. Finally, Osterweis Capital Management Inc. acquired a new stake in BlackRock in the second quarter valued at approximately $98,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BLK shares. Barclays lifted their price objective on shares of BlackRock from $1,290.00 to $1,310.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Weiss Ratings lowered shares of BlackRock from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their price target on shares of BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. UBS Group boosted their price objective on shares of BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, TD Cowen lowered their target price on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and an average price target of $1,269.06.

BlackRock Stock Performance

BlackRock stock opened at $1,053.10 on Tuesday. BlackRock has a 52 week low of $906.57 and a 52 week high of $1,219.94. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.37. The stock has a market cap of $163.80 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.44. The stock has a 50 day moving average of $1,007.89 and a 200-day moving average of $1,059.38.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.40 by $0.13. BlackRock had a net margin of 24.40% and a return on equity of 14.96%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.56 billion. During the same quarter in the previous year, the firm earned $9.64 earnings per share. The business’s revenue was up 27.0% compared to the same quarter last year. On average, analysts expect that BlackRock will post 52.77 EPS for the current fiscal year.

Insider Activity at BlackRock

In other news, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the completion of the sale, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert L. Goldstein sold 54,190 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $1,087.29, for a total transaction of $58,920,245.10. Following the completion of the sale, the chief operating officer owned 51,478 shares in the company, valued at approximately $55,971,514.62. This trade represents a 51.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 106,911 shares of company stock worth $114,670,698 over the last 90 days. Company insiders own 1.92% of the company’s stock.

BlackRock Profile

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.