BlackRock, Inc. (NYSE:BLK) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 14,459 shares of the asset manager’s stock after acquiring an additional 168 shares during the quarter. Daiwa Securities Group Inc.’s holdings in BlackRock were worth $11,738,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Emerald Advisors LLC raised its holdings in shares of BlackRock by 2.5% during the fourth quarter. Emerald Advisors LLC now owns 1,048 shares of the asset manager’s stock worth $851,000 after purchasing an additional 26 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of BlackRock by 1.9% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,101 shares of the asset manager’s stock worth $712,000 after purchasing an additional 21 shares during the period. McGlone Suttner Wealth Management Inc. raised its holdings in shares of BlackRock by 8.5% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 764 shares of the asset manager’s stock worth $620,000 after purchasing an additional 60 shares during the period. Patten & Patten Inc. TN acquired a new stake in shares of BlackRock in the 4th quarter worth about $205,000. Finally, Sara Bay Financial acquired a new stake in shares of BlackRock in the 4th quarter worth about $387,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Stock Performance

NYSE:BLK opened at $751.98 on Thursday. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $845.00. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $806.88 and a 200-day moving average of $755.19. The firm has a market cap of $112.00 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share 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 analyst estimates of $4.65 billion. During the same quarter last year, the firm posted $7.93 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts forecast that BlackRock, Inc. will post 41.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on BLK shares. UBS Group increased their price objective on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. TD Cowen raised shares of BlackRock from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $819.00 to $938.00 in a report on Tuesday, January 16th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $930.00 price objective (up previously from $918.00) on shares of BlackRock in a report on Friday, April 5th. Morgan Stanley increased their target price on shares of BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research report on Monday. Finally, JPMorgan Chase & Co. increased their target price on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Three investment 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 a consensus target price of $845.42.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director Rachel Lord sold 36,059 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the completion of the sale, the director now directly owns 17,004 shares of the company’s stock, valued at $13,910,292.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rachel Lord sold 36,059 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 17,004 shares of the company’s stock, valued at $13,910,292.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,511 shares of company stock valued at $71,864,028. 0.90% of the stock is currently owned by corporate insiders.

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.