Financial Architects Inc increased its holdings in BlackRock, Inc. (NYSE:BLK) by 548.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532 shares of the asset manager’s stock after purchasing an additional 450 shares during the quarter. Financial Architects Inc’s holdings in BlackRock were worth $234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BLK. Norges Bank bought a new stake in shares of BlackRock in the 4th quarter worth approximately $1,218,129,000. Capital International Investors raised its holdings in shares of BlackRock by 75.6% during the fourth quarter. Capital International Investors now owns 1,798,139 shares of the asset manager’s stock valued at $903,924,000 after acquiring an additional 774,309 shares during the period. Girard Partners LTD. raised its holdings in shares of BlackRock by 2,569.8% during the first quarter. Girard Partners LTD. now owns 721,628 shares of the asset manager’s stock valued at $12,586,000 after acquiring an additional 694,599 shares during the period. BlackRock Inc. raised its holdings in shares of BlackRock by 3.7% during the first quarter. BlackRock Inc. now owns 8,255,110 shares of the asset manager’s stock valued at $3,632,002,000 after acquiring an additional 295,599 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in shares of BlackRock by 23.7% during the fourth quarter. Nuveen Asset Management LLC now owns 721,738 shares of the asset manager’s stock valued at $362,818,000 after acquiring an additional 138,084 shares during the period. Institutional investors and hedge funds own 83.16% of the company’s stock.

In related news, CFO Gary Shedlin sold 4,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $571.49, for a total transaction of $2,285,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Robert Kapito sold 88,799 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $476.98, for a total transaction of $42,355,347.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,845 shares of company stock valued at $49,180,623. Corporate insiders own 1.42% of the company’s stock.

BLK has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of BlackRock from $495.00 to $515.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Morgan Stanley boosted their price target on shares of BlackRock from $515.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Credit Suisse Group boosted their price target on shares of BlackRock from $534.00 to $552.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Deutsche Bank boosted their price objective on shares of BlackRock from $487.00 to $488.00 and gave the company a “hold” rating in a research report on Friday. Finally, ValuEngine raised shares of BlackRock from a “sell” rating to a “hold” rating in a research report on Friday, March 13th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. BlackRock has an average rating of “Buy” and a consensus target price of $510.91.

Shares of NYSE BLK traded up $15.53 during trading hours on Friday, hitting $513.73. 5,957,000 shares of the stock were exchanged, compared to its average volume of 1,177,793. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.48 and a quick ratio of 2.48. The company’s 50 day moving average is $464.50 and its 200 day moving average is $487.88. The firm has a market capitalization of $77.22 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.77 and a beta of 1.28. BlackRock, Inc. has a one year low of $323.98 and a one year high of $576.81.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Thursday, April 16th. The asset manager reported $6.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.36 by $0.24. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.68 billion. BlackRock had a net margin of 28.38% and a return on equity of 13.66%. BlackRock’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.61 EPS. Research analysts anticipate that BlackRock, Inc. will post 25.65 earnings per share for the current fiscal year.

BlackRock Company 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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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