BlackRock, Inc. (NYSE:BLK) Shares Acquired by PDS Planning Inc

PDS Planning Inc grew its stake in BlackRock, Inc. (NYSE:BLK) by 11.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 579 shares of the asset manager’s stock after buying an additional 61 shares during the period. PDS Planning Inc’s holdings in BlackRock were worth $470,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BLK. Tennessee Valley Asset Management Partners acquired a new stake in BlackRock during the 4th quarter worth $27,000. LFA Lugano Financial Advisors SA boosted its stake in BlackRock by 208.3% during the 4th 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 period. Wetzel Investment Advisors Inc. acquired a new stake in BlackRock during the 4th quarter worth $32,000. Exchange Traded Concepts LLC boosted its stake in BlackRock by 671.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 54 shares of the asset manager’s stock worth $35,000 after purchasing an additional 47 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in BlackRock during the 4th quarter worth $40,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. upped 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. UBS Group upped 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. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $930.00 target price (up from $918.00) on shares of BlackRock in a report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $845.42.

Insider Activity at BlackRock

In related news, Director Stephen Cohen sold 950 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $805.55, for a total value of $765,272.50. Following the sale, the director now directly owns 4,437 shares of the company’s stock, valued at $3,574,225.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BlackRock news, Director J. Richard Kushel sold 3,418 shares of the stock in a transaction 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 directly owns 70,378 shares of the company’s stock, valued at $54,972,959.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen Cohen sold 950 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $805.55, for a total transaction of $765,272.50. Following the sale, the director now directly owns 4,437 shares in the company, valued at $3,574,225.35. The disclosure for this sale can be found here. Insiders have sold 82,511 shares of company stock valued at $66,778,367 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

BlackRock Stock Up 0.9 %

Shares of NYSE BLK traded up $6.61 during trading on Tuesday, reaching $766.72. 157,318 shares of the stock were exchanged, compared to its average volume of 624,050. The business’s 50-day moving average price is $804.19 and its 200 day moving average price is $758.48. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $845.00. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $114.20 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37.

BlackRock (NYSE:BLK) last posted 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. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $7.93 earnings per share. As a group, equities analysts forecast that BlackRock, Inc. will post 41.19 EPS for the current fiscal year.

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.