Private Capital Group LLC grew its position in BlackRock, Inc. (NYSE:BLK) by 34.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 475 shares of the asset manager’s stock after buying an additional 121 shares during the period. Private Capital Group LLC’s holdings in BlackRock were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLK. Firestone Capital Management acquired a new stake in shares of BlackRock in the 4th quarter valued at $25,000. Hall Laurie J Trustee acquired a new stake in shares of BlackRock during the fourth quarter worth $25,000. Virtus ETF Advisers LLC acquired a new stake in shares of BlackRock during the fourth quarter worth $25,000. Carmichael Hill & Associates Inc. acquired a new stake in shares of BlackRock during the fourth quarter worth $27,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of BlackRock during the first quarter worth $27,000. 83.16% of the stock is owned by institutional investors.

Shares of BlackRock stock opened at $513.73 on Friday. The firm has a market cap of $77.22 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.77 and a beta of 1.28. The stock’s 50-day moving average is $464.50 and its 200-day moving average is $487.88. BlackRock, Inc. has a one year low of $323.98 and a one year high of $576.81. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.48 and a quick ratio of 2.48.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Thursday, April 16th. The asset manager reported $6.60 EPS for the quarter, beating analysts’ consensus estimates of $6.36 by $0.24. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.68 billion. BlackRock had a return on equity of 13.66% and a net margin of 28.38%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $6.61 earnings per share. On average, equities analysts expect that BlackRock, Inc. will post 25.65 EPS for the current year.

BLK has been the subject of a number of analyst reports. Credit Suisse Group lifted their price objective on BlackRock from $534.00 to $552.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Wells Fargo & Co lifted their target price on BlackRock from $495.00 to $530.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America reduced their target price on BlackRock from $485.00 to $383.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. ValuEngine upgraded BlackRock from a “sell” rating to a “hold” rating in a report on Friday, March 13th. Finally, JPMorgan Chase & Co. reduced their target price on BlackRock from $526.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. BlackRock presently has a consensus rating of “Buy” and an average price target of $510.91.

In related news, Director Rachel Lord sold 3,000 shares of BlackRock stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $499.31, for a total value of $1,497,930.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gary Shedlin sold 4,000 shares of BlackRock stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $571.49, for a total value of $2,285,960.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,845 shares of company stock worth $49,180,623. Corporate insiders own 1.42% 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.

Further Reading: Death Cross

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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