BlackRock, Inc. (NYSE:BLK) Shares Purchased by LWM Advisory Services LLC

LWM Advisory Services LLC increased its position in shares of BlackRock, Inc. (NYSE:BLK) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 962 shares of the asset manager’s stock after acquiring an additional 34 shares during the quarter. BlackRock makes up approximately 0.7% of LWM Advisory Services LLC’s investment portfolio, making the stock its 29th biggest position. LWM Advisory Services LLC’s holdings in BlackRock were worth $781,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BLK. Tennessee Valley Asset Management Partners acquired a new position in shares of BlackRock in the 4th quarter valued at $27,000. LFA Lugano Financial Advisors SA boosted its holdings in shares of BlackRock by 208.3% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 25 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of BlackRock in the 4th quarter valued at $32,000. Exchange Traded Concepts LLC boosted its holdings in shares of BlackRock by 671.4% in the 3rd 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. Finally, FSC Wealth Advisors LLC acquired a new position in shares of BlackRock in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Down 0.2 %

BlackRock stock traded down $1.60 during midday trading on Monday, hitting $761.28. 483,707 shares of the stock were exchanged, compared to its average volume of 624,333. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $845.00. The firm has a market cap of $113.39 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.58 and a beta of 1.37. 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 company has a 50 day moving average price of $802.08 and a two-hundred day moving average price of $761.81.

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

Analyst Ratings Changes

A number of brokerages have weighed in on BLK. JPMorgan Chase & Co. lifted their price target on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. UBS Group raised their target price on shares of BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. 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 note on Friday, April 5th. TD Cowen raised shares of BlackRock from a “market perform” rating to an “outperform” rating and raised their target price for the company from $819.00 to $938.00 in a research note on Tuesday, January 16th. Finally, Morgan Stanley raised 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 note on Monday, April 15th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $845.42.

Insider Activity

In other news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction dated Wednesday, February 28th. The shares were 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 of the company’s stock, valued at approximately $335,425,128.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were 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 of the company’s stock, valued at approximately $335,425,128.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J. Richard Kushel sold 3,418 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $781.11, for a total transaction of $2,669,833.98. Following the transaction, the director now directly owns 70,378 shares of the company’s stock, valued at $54,972,959.58. The disclosure for this sale can be found here. In the last three months, insiders sold 82,511 shares of company stock valued at $66,778,367. Company 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.