BlackRock, Inc. (NYSE:BLK) Shares Purchased by Lincoln National Corp

Lincoln National Corp lifted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 21.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,161 shares of the asset manager’s stock after purchasing an additional 385 shares during the period. Lincoln National Corp’s holdings in BlackRock were worth $1,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of BlackRock by 77,524.5% in the fourth quarter. International Assets Investment Management LLC now owns 641,955 shares of the asset manager’s stock valued at $5,211,390,000 after purchasing an additional 641,128 shares in the last quarter. FMR LLC increased its position in shares of BlackRock by 22.0% during the 3rd quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock worth $1,361,064,000 after purchasing an additional 379,631 shares during the last quarter. Invesco Ltd. raised its holdings in BlackRock by 84.4% in the 3rd quarter. Invesco Ltd. now owns 744,770 shares of the asset manager’s stock valued at $481,486,000 after buying an additional 340,792 shares during the period. Wellington Management Group LLP boosted its stake in BlackRock by 21.4% during the third quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock worth $1,128,544,000 after buying an additional 307,516 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of BlackRock by 24.3% during the third quarter. Envestnet Asset Management Inc. now owns 713,771 shares of the asset manager’s stock valued at $461,446,000 after acquiring an additional 139,570 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 414,146 shares in the company, valued at approximately $335,425,128.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction that occurred on 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 owns 414,146 shares of the company’s stock, valued at approximately $335,425,128.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rachel Lord sold 36,059 shares of BlackRock stock in a transaction that occurred on 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 transaction, the director now directly owns 17,004 shares in the company, valued at $13,910,292.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,987 shares of company stock valued at $55,353,400. Insiders own 0.90% of the company’s stock.

BlackRock Trading Down 0.8 %

Shares of BLK traded down $6.27 on Wednesday, hitting $774.65. 142,762 shares of the stock traded hands, compared to its average volume of 615,221. The firm has a market capitalization of $115.38 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $845.00. The stock’s 50 day moving average is $796.34 and its two-hundred day moving average is $768.53.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the business earned $7.93 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, sell-side analysts predict that BlackRock, Inc. will post 41.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BLK shares. 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. UBS Group increased their target price on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $819.00 to $938.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. increased their target price on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley increased their price objective on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, BlackRock has an average 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.