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

Choreo LLC boosted its stake in BlackRock, Inc. (NYSE:BLK) by 22.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 847 shares of the asset manager’s stock after acquiring an additional 155 shares during the period. Choreo LLC’s holdings in BlackRock were worth $688,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BLK. International Assets Investment Management LLC increased its position in BlackRock by 77,524.5% in the 4th quarter. International Assets Investment Management LLC now owns 641,955 shares of the asset manager’s stock valued at $5,211,390,000 after acquiring an additional 641,128 shares during the period. FMR LLC increased its position in BlackRock by 22.0% in the 3rd quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock valued at $1,361,064,000 after acquiring an additional 379,631 shares during the period. Invesco Ltd. boosted its holdings in BlackRock by 84.4% in the 3rd quarter. Invesco Ltd. now owns 744,770 shares of the asset manager’s stock valued at $481,486,000 after purchasing an additional 340,792 shares in the last quarter. Wellington Management Group LLP boosted its holdings in 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, Envestnet Asset Management Inc. boosted its holdings in BlackRock by 24.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 713,771 shares of the asset manager’s stock valued at $461,446,000 after purchasing an additional 139,570 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Price Performance

Shares of NYSE:BLK opened at $750.90 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $845.00. The firm has a market capitalization of $111.84 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The business’s 50 day simple moving average is $799.47 and its 200-day simple moving average is $763.50.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.42 by $0.39. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the previous year, the firm posted $7.93 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts forecast that BlackRock, Inc. will post 41.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the completion of the transaction, the chief executive officer now directly owns 414,146 shares in the company, valued at approximately $335,425,128.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total value of $25,089,701.76. Following the completion of the transaction, the chief executive officer now directly owns 414,146 shares in the company, valued at approximately $335,425,128.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Christopher J. Meade sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $793.86, for a total value of $2,460,966.00. Following the completion of the transaction, the general counsel now owns 8,628 shares of the company’s stock, valued at $6,849,424.08. The disclosure for this sale can be found here. Insiders sold 79,093 shares of company stock worth $64,108,533 in the last ninety days. Insiders own 0.90% of the company’s stock.

About BlackRock

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.