Buckhead Capital Management LLC Buys 1,166 Shares of BlackRock, Inc. (NYSE:BLK)

Buckhead Capital Management LLC boosted its stake in BlackRock, Inc. (NYSE:BLK) by 38.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,162 shares of the asset manager’s stock after purchasing an additional 1,166 shares during the quarter. Buckhead Capital Management LLC’s holdings in BlackRock were worth $3,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BLK. International Assets Investment Management LLC raised its holdings in shares of BlackRock by 77,524.5% in the 4th quarter. International Assets Investment Management LLC now owns 641,955 shares of the asset manager’s stock valued at $5,211,390,000 after acquiring an additional 641,128 shares in the last quarter. FMR LLC raised its holdings in shares of BlackRock by 22.0% in the 3rd quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock valued at $1,361,064,000 after acquiring an additional 379,631 shares in the last quarter. Invesco Ltd. raised its holdings in shares of BlackRock by 84.4% in the 3rd quarter. Invesco Ltd. now owns 744,770 shares of the asset manager’s stock valued at $481,486,000 after acquiring an additional 340,792 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of BlackRock by 21.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock valued at $1,128,544,000 after acquiring an additional 307,516 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of BlackRock by 24.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 713,771 shares of the asset manager’s stock valued at $461,446,000 after acquiring an additional 139,570 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BLK. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and raised their price target for the company from $819.00 to $938.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. raised their price objective on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Morgan Stanley raised 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. UBS Group lifted their price target on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $930.00 price target (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Three 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, the company has a consensus rating of “Moderate Buy” and an average target price of $845.42.

BlackRock Trading Down 0.4 %

Shares of BLK stock traded down $3.06 during trading hours on Wednesday, reaching $751.58. The company’s stock had a trading volume of 610,201 shares, compared to its average volume of 621,717. The firm’s fifty day simple moving average is $800.56 and its 200 day simple moving average is $763.59. The stock has a market capitalization of $111.94 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.58 and a beta of 1.37. BlackRock, Inc. has a one year low of $596.18 and a one year high of $845.00. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32.

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, beating analysts’ consensus estimates of $9.42 by $0.39. The business 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 firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.93 earnings per share. Equities research analysts expect that BlackRock, Inc. will post 41.19 EPS for the current year.

Insider Activity at BlackRock

In related news, Director Rachel Lord sold 36,059 shares of the company’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 completion of the sale, the director now owns 17,004 shares in the company, valued at $13,910,292.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the completion of the sale, the chief executive officer now owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rachel Lord sold 36,059 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was 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 directly owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,511 shares of company stock worth $66,778,367. 0.90% of the stock is owned by insiders.

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.