BlackRock, Inc. (NYSE:BLK) Shares Sold by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp lowered its stake in shares of BlackRock, Inc. (NYSE:BLK) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 606 shares of the asset manager’s stock after selling 45 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in BlackRock were worth $492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new position in shares of BlackRock during the 4th quarter valued at about $27,000. LFA Lugano Financial Advisors SA increased its stake in shares of BlackRock by 208.3% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 25 shares during the last quarter. Tyler Stone Wealth Management acquired a new position in shares of BlackRock during the 2nd quarter valued at about $33,000. Exchange Traded Concepts LLC increased its stake in shares of BlackRock by 671.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 54 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 47 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in BlackRock during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity

In other news, Director Rachel Lord sold 36,059 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the completion of the transaction, the director now directly owns 17,004 shares in the company, valued at approximately $13,910,292.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Rachel Lord sold 36,059 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the transaction, the director now directly owns 17,004 shares in the company, valued at $13,910,292.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Christopher J. Meade sold 18,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $282.54, for a total value of $5,085,660.60. Following the transaction, the general counsel now owns 11,914 shares in the company, valued at $3,366,142.24. The disclosure for this sale can be found here. In the last three months, insiders sold 100,511 shares of company stock worth $71,864,028. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

BlackRock Stock Down 0.9 %

Shares of BlackRock stock traded down $6.71 on Thursday, hitting $747.08. 614,875 shares of the company’s stock traded hands, compared to its average volume of 627,263. The stock has a market cap of $111.27 billion, a P/E ratio of 19.33, a PEG ratio of 1.55 and a beta of 1.37. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $806.88 and its 200 day moving average is $755.19. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $845.00.

BlackRock (NYSE:BLK) last released its earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, beating the consensus estimate of $9.42 by $0.39. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $7.93 EPS. Equities analysts anticipate that BlackRock, Inc. will post 41.26 earnings per share for the current year.

BlackRock Company 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.