Fairview Capital Investment Management LLC Invests $319,000 in BlackRock, Inc. (NYSE:BLK)

Fairview Capital Investment Management LLC bought a new position in shares of BlackRock, Inc. (NYSE:BLK) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 311 shares of the asset manager’s stock, valued at approximately $319,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IAG Wealth Partners LLC purchased a new stake in shares of BlackRock during the 4th quarter valued at about $26,000. Collier Financial acquired a new stake in BlackRock in the fourth quarter valued at approximately $32,000. Compass Planning Associates Inc purchased a new stake in shares of BlackRock during the fourth quarter valued at approximately $33,000. Atwood & Palmer Inc. acquired a new position in shares of BlackRock during the fourth quarter worth $36,000. Finally, West Financial Advisors LLC acquired a new stake in BlackRock during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 430 shares of BlackRock stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $949.37, for a total transaction of $408,229.10. Following the sale, the director now owns 3,720 shares of the company’s stock, valued at approximately $3,531,656.40. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 12,430 shares of company stock valued at $11,237,249 in the last ninety days. Company insiders own 1.98% of the company’s stock.

BlackRock Stock Down 0.6 %

Shares of BlackRock stock opened at $923.48 on Friday. BlackRock, Inc. has a twelve month low of $752.30 and a twelve month high of $1,084.22. The stock has a market capitalization of $143.37 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.90 and a beta of 1.41. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $913.01 and its 200-day simple moving average is $978.51.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the previous year, the company posted $9.81 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities research analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BLK shares. StockNews.com started coverage on BlackRock in a research report on Thursday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods reduced their target price on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their price target on shares of BlackRock from $1,046.00 to $988.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Citigroup decreased their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, UBS Group cut their target price on shares of BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,077.08.

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.