Livforsakringsbolaget Skandia Omsesidigt Buys 137 Shares of BlackRock, Inc. (NYSE:BLK)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in BlackRock, Inc. (NYSE:BLK) by 70.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 332 shares of the asset manager’s stock after buying an additional 137 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in BlackRock were worth $270,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new stake in BlackRock in the fourth quarter worth $27,000. LFA Lugano Financial Advisors SA lifted its position in shares of BlackRock by 208.3% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock worth $30,000 after purchasing an additional 25 shares during the last quarter. Tyler Stone Wealth Management bought a new stake in shares of BlackRock during the second quarter worth $33,000. FSC Wealth Advisors LLC bought a new stake in shares of BlackRock during the fourth quarter worth $40,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of BlackRock by 96.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 49 shares of the asset manager’s stock worth $40,000 after purchasing an additional 24 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

Shares of BlackRock stock traded down $0.14 on Thursday, reaching $753.65. 45,289 shares of the stock were exchanged, compared to its average volume of 619,406. 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 twelve month low of $596.18 and a twelve month high of $845.00. The firm has a market capitalization of $112.25 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 1.55 and a beta of 1.37. The business has a 50 day moving average price of $806.88 and a two-hundred day moving average price of $755.19.

BlackRock (NYSE:BLK) last released its earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, topping 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 firm 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 company posted $7.93 earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. Analysts anticipate that BlackRock, Inc. will post 41.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BLK. UBS Group lifted their target price on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. TD Cowen upgraded 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. Morgan Stanley lifted their price objective on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $930.00 target price (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. lifted their target price on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average target price of $845.42.

Insider Buying and Selling at BlackRock

In other BlackRock news, General Counsel Christopher J. Meade sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $282.54, for a total value of $5,085,660.60. Following the completion of the transaction, the general counsel now directly owns 11,914 shares of the company’s stock, valued at $3,366,142.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BlackRock 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 transaction, the chief executive officer now directly owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Christopher J. Meade sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $282.54, for a total value of $5,085,660.60. Following the transaction, the general counsel now directly owns 11,914 shares of the company’s stock, valued at $3,366,142.24. 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 owned by company insiders.

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.