St. Louis Trust Co Buys 62 Shares of BlackRock, Inc. (NYSE:BLK)

St. Louis Trust Co grew its stake in BlackRock, Inc. (NYSE:BLK) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,662 shares of the asset manager’s stock after purchasing an additional 62 shares during the period. St. Louis Trust Co’s holdings in BlackRock were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC grew its position in BlackRock by 671.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 54 shares of the asset manager’s stock worth $35,000 after acquiring an additional 47 shares during the last quarter. Manning & Napier Group LLC grew its position in BlackRock by 0.6% during the 3rd quarter. Manning & Napier Group LLC now owns 3,997 shares of the asset manager’s stock worth $2,584,000 after acquiring an additional 22 shares during the last quarter. Avestar Capital LLC grew its position in BlackRock by 30.1% during the 3rd quarter. Avestar Capital LLC now owns 458 shares of the asset manager’s stock worth $296,000 after acquiring an additional 106 shares during the last quarter. Commonwealth Equity Services LLC grew its position in BlackRock by 1.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 42,689 shares of the asset manager’s stock worth $27,598,000 after acquiring an additional 675 shares during the last quarter. Finally, FAS Wealth Partners Inc. grew its position in BlackRock by 4.7% during the 3rd quarter. FAS Wealth Partners Inc. now owns 843 shares of the asset manager’s stock worth $545,000 after acquiring an additional 38 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Down 0.8 %

Shares of NYSE BLK traded down $6.38 during mid-day trading on Tuesday, hitting $754.90. The company had a trading volume of 418,647 shares, compared to its average volume of 621,854. The company has a market capitalization of $112.43 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The firm has a 50-day simple moving average of $801.42 and a two-hundred day simple moving average of $762.69. 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, Inc. has a one year low of $596.18 and a one year high of $845.00.

BlackRock (NYSE:BLK) last issued its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.42 by $0.39. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the business posted $7.93 EPS. BlackRock’s revenue was up 11.4% on a year-over-year basis. On average, equities analysts expect that BlackRock, Inc. will post 41.19 EPS for the current year.

Insider Activity at BlackRock

In related news, Director J. Richard Kushel sold 3,418 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $781.11, for a total value of $2,669,833.98. Following the completion of the sale, the director now directly owns 70,378 shares in the company, valued at approximately $54,972,959.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other BlackRock news, CFO Martin Small sold 7,036 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $786.36, for a total transaction of $5,532,828.96. Following the completion of the sale, the chief financial officer now directly owns 5,259 shares in the company, valued at $4,135,467.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J. Richard Kushel sold 3,418 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $781.11, for a total transaction of $2,669,833.98. Following the sale, the director now 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 ninety days, insiders sold 82,511 shares of company stock worth $66,778,367. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group increased their price target on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Morgan Stanley upped their price objective on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. upped their price objective on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $930.00 price objective (up previously from $918.00) on shares of BlackRock in a report on Friday, April 5th. Finally, TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and increased their price target for the company from $819.00 to $938.00 in a research note on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus target price of $845.42.

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.