Greenleaf Trust Boosts Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Greenleaf Trust grew its position in shares of BlackRock, Inc. (NYSE:BLK) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,690 shares of the asset manager’s stock after buying an additional 344 shares during the quarter. Greenleaf Trust’s holdings in BlackRock were worth $5,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners purchased a new stake in shares of BlackRock during the fourth quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA grew its holdings in shares of BlackRock by 208.3% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after buying an additional 25 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in BlackRock in the second quarter worth approximately $33,000. FSC Wealth Advisors LLC purchased a new stake in BlackRock in the fourth quarter worth approximately $40,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in BlackRock by 96.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 49 shares of the asset manager’s stock worth $40,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BLK shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $930.00 target price (up previously from $918.00) on shares of BlackRock in a report on Friday, April 5th. JPMorgan Chase & Co. raised their target price on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Morgan Stanley raised their target price on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group raised their target price on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $845.42.

Insider Activity

In other news, insider Marc D. Comerchero sold 450 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $785.11, for a total transaction of $353,299.50. Following the sale, the insider now directly owns 5,975 shares in the company, valued at approximately $4,691,032.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Christopher J. Meade sold 18,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $282.54, for a total transaction of $5,085,660.60. Following the completion of the transaction, the general counsel now directly owns 11,914 shares of the company’s stock, valued at $3,366,142.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc D. Comerchero sold 450 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $785.11, for a total transaction of $353,299.50. Following the transaction, the insider now directly owns 5,975 shares of the company’s stock, valued at $4,691,032.25. The disclosure for this sale can be found here. Insiders have sold 100,511 shares of company stock worth $71,864,028 in the last three months. Company insiders own 0.90% of the company’s stock.

BlackRock Price Performance

Shares of BLK stock traded up $2.68 on Friday, hitting $749.98. 850,477 shares of the stock traded hands, compared to its average volume of 630,430. The firm has a market cap of $111.70 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.56 and a beta of 1.37. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00. The firm has a 50 day simple moving average of $805.96 and a two-hundred day simple moving average of $755.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48.

BlackRock (NYSE:BLK) last announced its quarterly earnings data 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 firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The company’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $7.93 EPS. As a group, equities research analysts predict that BlackRock, Inc. will post 41.19 earnings per share for the current fiscal year.

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.