BlackRock, Inc. (NYSE:BLK) Shares Purchased by Montag A & Associates Inc.

Montag A & Associates Inc. increased its stake in BlackRock, Inc. (NYSE:BLK) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,877 shares of the asset manager’s stock after buying an additional 262 shares during the quarter. Montag A & Associates Inc.’s holdings in BlackRock were worth $3,147,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Morgan Stanley boosted its position in BlackRock by 3.2% during the 3rd quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager’s stock worth $2,178,048,000 after acquiring an additional 104,844 shares during the period. Charles Schwab Investment Management Inc. increased its position in BlackRock by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,329,550 shares of the asset manager’s stock worth $2,148,586,000 after purchasing an additional 35,161 shares during the last quarter. FMR LLC raised its holdings in shares of BlackRock by 22.0% during the 3rd quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock valued at $1,361,064,000 after purchasing an additional 379,631 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of BlackRock by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,015,535 shares of the asset manager’s stock worth $1,636,212,000 after buying an additional 47,326 shares during the period. Finally, Wellington Management Group LLP increased its position in BlackRock by 21.4% during the third quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock worth $1,128,544,000 after acquiring an additional 307,516 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Analysts Set New Price Targets

BLK has been the topic of several analyst reports. UBS Group upped their price objective on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $930.00 target price (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. JPMorgan Chase & Co. increased their price target on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Morgan Stanley lifted their price objective on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, TD Cowen upgraded BlackRock from a “market perform” rating to an “outperform” rating and raised their target price for the company from $819.00 to $938.00 in a research note on Tuesday, January 16th. Three investment 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, BlackRock currently has an average rating of “Moderate Buy” and an average target price of $845.42.

BlackRock Trading Up 1.4 %

BlackRock stock traded up $11.19 during trading hours on Thursday, reaching $789.52. 654,796 shares of the company’s stock traded hands, compared to its average volume of 621,527. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $845.00. The firm has a market capitalization of $117.59 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48. The firm’s 50 day moving average is $795.72 and its 200-day moving average is $768.60.

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 net margin of 32.26% and a return on equity of 15.34%. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the previous year, the company posted $7.93 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts predict that BlackRock, Inc. will post 41.19 earnings per share for the current year.

Insider Activity

In other news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the completion of the transaction, the chief executive officer now directly owns 414,146 shares in the company, valued at $335,425,128.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rachel Lord sold 36,059 shares of the stock in a transaction dated 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 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. Insiders sold a total of 67,987 shares of company stock valued at $55,353,400 in the last quarter. Company 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.