Blue Fin Capital Inc. Sells 151 Shares of BlackRock, Inc. (NYSE:BLK)

Blue Fin Capital Inc. decreased its position in BlackRock, Inc. (NYSE:BLK) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,094 shares of the asset manager’s stock after selling 151 shares during the period. BlackRock comprises approximately 0.9% of Blue Fin Capital Inc.’s portfolio, making the stock its 27th biggest holding. Blue Fin Capital Inc.’s holdings in BlackRock were worth $3,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in BLK. Legacy Financial Advisors Inc. boosted its stake in shares of BlackRock by 15.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 670 shares of the asset manager’s stock valued at $544,000 after purchasing an additional 91 shares in the last quarter. Knuff & Co LLC grew its holdings in shares of BlackRock by 48.1% during the 4th quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock worth $32,000 after acquiring an additional 13 shares during the period. W Advisors LLC raised its position in shares of BlackRock by 17.5% in the 4th quarter. W Advisors LLC now owns 637 shares of the asset manager’s stock worth $517,000 after acquiring an additional 95 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of BlackRock by 773.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 33,475 shares of the asset manager’s stock worth $27,175,000 after acquiring an additional 29,643 shares in the last quarter. Finally, Natixis Advisors L.P. raised its position in shares of BlackRock by 2.6% in the 4th quarter. Natixis Advisors L.P. now owns 80,845 shares of the asset manager’s stock worth $65,630,000 after acquiring an additional 2,032 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $930.00 target price (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. Morgan Stanley increased their target price on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, UBS Group raised their price objective on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $811.43.

BlackRock Stock Down 1.8 %

BLK traded down $13.97 during trading on Tuesday, hitting $749.02. 662,875 shares of the company’s stock traded hands, compared to its average volume of 627,959. The company’s 50 day simple moving average is $808.48 and its two-hundred day simple moving average is $754.48. 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 12-month low of $596.18 and a 12-month high of $845.00. The stock has a market capitalization of $111.56 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.65 and a beta of 1.37.

BlackRock (NYSE:BLK) last issued 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. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the business posted $7.93 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. Analysts predict that BlackRock, Inc. will post 41.35 earnings per share for the current fiscal year.

Insider Buying and Selling at BlackRock

In other news, 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 directly owns 11,914 shares in the company, valued at approximately $3,366,142.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director J. Richard Kushel sold 3,418 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $781.11, for a total value of $2,669,833.98. Following the transaction, the director now directly owns 70,378 shares in the company, valued at approximately $54,972,959.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 completion of 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 have sold 100,511 shares of company stock worth $71,864,028. Insiders own 0.90% of the company’s stock.

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.