Deutsche Bank AG Purchases 42,939 Shares of BlackRock, Inc. (NYSE:BLK)

Deutsche Bank AG raised its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 11.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 423,862 shares of the asset manager’s stock after acquiring an additional 42,939 shares during the quarter. Deutsche Bank AG owned approximately 0.27% of BlackRock worth $434,505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLK. Amalgamated Bank grew its stake in BlackRock by 1.7% in the fourth quarter. Amalgamated Bank now owns 28,711 shares of the asset manager’s stock valued at $29,432,000 after purchasing an additional 489 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of BlackRock by 4.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,480 shares of the asset manager’s stock valued at $12,793,000 after buying an additional 578 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BlackRock by 6.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager’s stock worth $67,038,000 after buying an additional 4,210 shares during the last quarter. Artemis Investment Management LLP raised its position in BlackRock by 48.2% during the fourth quarter. Artemis Investment Management LLP now owns 39,539 shares of the asset manager’s stock worth $40,532,000 after acquiring an additional 12,864 shares in the last quarter. Finally, E. Ohman J or Asset Management AB acquired a new stake in BlackRock in the fourth quarter valued at $46,284,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Bank of America cut their price objective on BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Keefe, Bruyette & Woods decreased their target price on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Morgan Stanley cut their price target on BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Finally, Barclays upped their price objective on shares of BlackRock from $950.00 to $990.00 and gave the company an “overweight” rating in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and an average target price of $1,077.08.

Insiders Place Their Bets

In related news, Director J. Richard Kushel sold 2,000 shares of BlackRock stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the sale, the director now directly owns 66,034 shares of the company’s stock, valued at approximately $56,261,628.34. The trade was a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 12,430 shares of company stock valued at $11,237,249. 1.98% of the stock is currently owned by corporate insiders.

BlackRock Stock Performance

Shares of NYSE:BLK opened at $928.36 on Friday. BlackRock, Inc. has a 1 year low of $752.30 and a 1 year high of $1,084.22. The stock has a market capitalization of $144.13 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The company’s 50 day simple moving average is $913.56 and its 200 day simple moving average is $979.04.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.84 by $0.46. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the company posted $9.81 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, research analysts predict that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

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.