Diversified LLC Buys Shares of 264 BlackRock, Inc. (NYSE:BLK)

Diversified LLC bought a new stake in shares of BlackRock, Inc. (NYSE:BLK) during the fourth quarter, Holdings Channel reports. The fund bought 264 shares of the asset manager’s stock, valued at approximately $214,000.

Other institutional investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners purchased a new position in BlackRock during the 4th quarter valued at about $27,000. LFA Lugano Financial Advisors SA increased its position in BlackRock by 208.3% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 25 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in BlackRock during the 4th quarter valued at about $32,000. FSC Wealth Advisors LLC purchased a new position in shares of BlackRock in the 4th quarter worth approximately $40,000. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of BlackRock by 96.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 49 shares of the asset manager’s stock worth $40,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Stock Up 1.3 %

NYSE:BLK opened at $760.05 on Tuesday. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $845.00. The company’s 50 day moving average is $804.19 and its two-hundred day moving average is $758.48. The company has a market cap of $113.20 billion, a PE ratio of 19.32, a P/E/G ratio of 1.55 and a beta of 1.37.

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

Insider Buying and Selling at BlackRock

In other BlackRock news, insider Marc D. Comerchero sold 450 shares of BlackRock stock in a transaction that occurred 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 completion of 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 document filed with the SEC, which is accessible through this hyperlink. In other BlackRock news, insider Marc D. Comerchero sold 450 shares of BlackRock stock in a transaction that occurred 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 completion of 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director J. Richard Kushel sold 3,418 shares of BlackRock stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $781.11, for a total transaction of $2,669,833.98. Following the sale, the director now owns 70,378 shares of the company’s stock, valued at $54,972,959.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,511 shares of company stock worth $66,778,367. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BLK shares. Morgan Stanley lifted their price objective on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. TD Cowen raised shares of BlackRock from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. UBS Group lifted their price objective on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. lifted their price objective on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 target price (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $845.42.

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.