Bfsg LLC Makes New Investment in BlackRock, Inc. (NYSE:BLK)

Bfsg LLC purchased a new position in BlackRock, Inc. (NYSE:BLK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 97 shares of the asset manager’s stock, valued at approximately $79,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Tennessee Valley Asset Management Partners bought a new position in shares of BlackRock during the 4th quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA boosted its position in shares of 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 acquiring an additional 25 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of BlackRock during the 4th quarter valued at approximately $32,000. FSC Wealth Advisors LLC bought a new position in shares of BlackRock during the 4th quarter valued at approximately $40,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in BlackRock by 96.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 49 shares of the asset manager’s stock valued at $40,000 after buying an additional 24 shares during the period. 80.69% of the stock is currently owned by institutional investors.

Insider Transactions at BlackRock

In related news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction that occurred on Wednesday, February 28th. The stock was 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 this hyperlink. In other news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was 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 directly owns 414,146 shares in the company, valued at $335,425,128.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher J. Meade sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $793.86, for a total value of $2,460,966.00. Following the completion of the sale, the general counsel now owns 8,628 shares of the company’s stock, valued at $6,849,424.08. The disclosure for this sale can be found here. Insiders sold a total of 82,511 shares of company stock worth $66,778,367 over the last three months. 0.90% of the stock is currently owned by insiders.

BlackRock Price Performance

Shares of NYSE BLK opened at $757.84 on Friday. 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 company has a market cap of $112.87 billion, a PE ratio of 19.26, a P/E/G ratio of 1.58 and a beta of 1.37. The business has a 50-day simple moving average of $802.70 and a two-hundred day simple moving average of $759.32. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $845.00.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.42 by $0.39. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the business posted $7.93 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities analysts expect that BlackRock, Inc. will post 41.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BLK shares. TD Cowen upgraded BlackRock from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $819.00 to $938.00 in a research note on Tuesday, January 16th. UBS Group raised their price target on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. raised their price target on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Morgan Stanley raised 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, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $930.00 price objective (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $845.42.

About BlackRock

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.