BlackRock, Inc. (NYSE:BLK) Shares Purchased by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC boosted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 490 shares of the asset manager’s stock after purchasing an additional 15 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in BlackRock were worth $398,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Tennessee Valley Asset Management Partners purchased a new position in shares of BlackRock in the 4th quarter valued at $27,000. LFA Lugano Financial Advisors SA increased its stake in BlackRock by 208.3% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock worth $30,000 after buying an additional 25 shares during the period. Tyler Stone Wealth Management purchased a new stake in BlackRock during the 2nd quarter worth $33,000. Exchange Traded Concepts LLC increased its stake in BlackRock by 671.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 54 shares of the asset manager’s stock worth $35,000 after buying an additional 47 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in BlackRock during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BLK shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Morgan Stanley raised their price objective on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen raised shares of BlackRock from a “market perform” rating to an “outperform” rating and boosted their target price for the stock 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 stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, UBS Group boosted their target price on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $811.43.

Insiders Place Their Bets

In other BlackRock news, Director Rachel Lord sold 36,059 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $818.06, for a total value of $29,498,425.54. Following the completion of the transaction, the director now owns 17,004 shares in the company, valued at approximately $13,910,292.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other BlackRock news, Director Rachel Lord sold 36,059 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $818.06, for a total value of $29,498,425.54. Following the completion of the transaction, the director now owns 17,004 shares in the company, valued at approximately $13,910,292.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Christopher J. Meade sold 18,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $282.54, for a total transaction of $5,085,660.60. Following the completion of the transaction, the general counsel now owns 11,914 shares of the company’s stock, valued at approximately $3,366,142.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,511 shares of company stock worth $71,864,028. Insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

Shares of NYSE:BLK traded down $13.97 during trading on Tuesday, reaching $749.02. 662,875 shares of the company’s stock traded hands, compared to its average volume of 627,959. 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 company has a 50 day moving average of $808.48 and a 200-day moving average of $754.48. The stock has a market capitalization of $111.56 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 1.65 and a beta of 1.37.

BlackRock (NYSE:BLK) last posted 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. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the firm earned $7.93 EPS. BlackRock’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities analysts expect that BlackRock, Inc. will post 41.35 EPS for the current year.

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.