Bailard Inc. Has $21.69 Million Stake in BlackRock, Inc. (NYSE:BLK)

Bailard Inc. reduced its stake in BlackRock, Inc. (NYSE:BLK) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,715 shares of the asset manager’s stock after selling 162 shares during the period. Bailard Inc.’s holdings in BlackRock were worth $21,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BLK. Nikulski Financial Inc. increased its holdings in shares of BlackRock by 6.8% in the third quarter. Nikulski Financial Inc. now owns 314 shares of the asset manager’s stock valued at $203,000 after purchasing an additional 20 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of BlackRock by 671.4% in the third quarter. Exchange Traded Concepts LLC now owns 54 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 47 shares during the last quarter. Private Trust Co. NA boosted its position in shares of BlackRock by 1.6% in the third quarter. Private Trust Co. NA now owns 1,118 shares of the asset manager’s stock valued at $722,000 after acquiring an additional 18 shares during the period. Caprock Group LLC boosted its position in shares of BlackRock by 2.8% in the third quarter. Caprock Group LLC now owns 1,924 shares of the asset manager’s stock valued at $1,244,000 after acquiring an additional 53 shares during the period. Finally, Marion Wealth Management boosted its position in shares of BlackRock by 2.8% in the third quarter. Marion Wealth Management now owns 2,192 shares of the asset manager’s stock valued at $1,417,000 after acquiring an additional 60 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 3,418 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $781.11, for a total transaction of $2,669,833.98. Following the completion of the transaction, the director now owns 70,378 shares of the company’s stock, valued at $54,972,959.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Marc D. Comerchero sold 450 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the completion of the transaction, the insider now owns 5,975 shares of the company’s stock, valued at $4,691,032.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director J. Richard Kushel sold 3,418 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $781.11, for a total value of $2,669,833.98. Following the completion of the transaction, the director now directly owns 70,378 shares of the company’s stock, valued at approximately $54,972,959.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,511 shares of company stock valued at $66,778,367. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Price Performance

BLK traded down $4.11 on Wednesday, hitting $762.51. 751,160 shares of the stock were exchanged, compared to its average volume of 629,645. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $845.00. The business has a 50-day moving average of $803.50 and a two-hundred day moving average of $759.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48. The firm has a market capitalization of $113.57 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.57 and a beta of 1.37.

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

Analyst Upgrades and Downgrades

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

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.