BlackRock, Inc. (NYSE:BLK) Shares Sold by First National Trust Co

First National Trust Co decreased its stake in BlackRock, Inc. (NYSE:BLK) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,103 shares of the asset manager’s stock after selling 485 shares during the period. First National Trust Co’s holdings in BlackRock were worth $8,202,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Abacus Planning Group Inc. increased its stake in BlackRock by 4.0% in the 4th quarter. Abacus Planning Group Inc. now owns 334 shares of the asset manager’s stock valued at $271,000 after buying an additional 13 shares during the period. Knuff & Co LLC increased its position in BlackRock by 48.1% in the 4th quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock worth $32,000 after purchasing an additional 13 shares during the last quarter. Everhart Financial Group Inc. raised its stake in shares of BlackRock by 3.2% during the 4th quarter. Everhart Financial Group Inc. now owns 450 shares of the asset manager’s stock worth $365,000 after purchasing an additional 14 shares in the last quarter. Spreng Capital Management Inc. lifted its holdings in shares of BlackRock by 1.1% during the 4th quarter. Spreng Capital Management Inc. now owns 1,329 shares of the asset manager’s stock valued at $1,079,000 after buying an additional 14 shares during the last quarter. Finally, Inscription Capital LLC grew its stake in shares of BlackRock by 1.2% in the 4th quarter. Inscription Capital LLC now owns 1,274 shares of the asset manager’s stock valued at $1,034,000 after buying an additional 15 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. UBS Group upped their price objective on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $930.00 target price (up from $918.00) on shares of BlackRock in a report on Friday, April 5th. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. Finally, Morgan Stanley increased 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $845.42.

Insiders Place Their Bets

In other news, Director Stephen Cohen sold 950 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $805.55, for a total transaction of $765,272.50. Following the completion of the transaction, the director now owns 4,437 shares of the company’s stock, valued at $3,574,225.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Stephen Cohen sold 950 shares of BlackRock stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $805.55, for a total transaction of $765,272.50. Following the sale, the director now owns 4,437 shares of the company’s stock, valued at approximately $3,574,225.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc D. Comerchero sold 450 shares of the company’s stock in a transaction on Monday, February 5th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 72,057 shares of company stock worth $58,575,704 in the last ninety days. Insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

BLK traded up $6.91 during midday trading on Friday, reaching $763.91. The company’s stock had a trading volume of 558,283 shares, compared to its average volume of 689,289. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $797.35 and a 200 day simple moving average of $764.35. The stock has a market cap of $113.78 billion, a P/E ratio of 19.41, a PEG ratio of 1.58 and a beta of 1.37. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $845.00.

BlackRock (NYSE:BLK) last announced 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. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. BlackRock’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $7.93 earnings per share. Research analysts expect that BlackRock, Inc. will post 41.19 earnings per share 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.