Yousif Capital Management LLC Has $15.82 Million Stock Position in BlackRock, Inc. (NYSE:BLK)

Yousif Capital Management LLC lowered its position in shares of BlackRock, Inc. (NYSE:BLK) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,489 shares of the asset manager’s stock after selling 912 shares during the quarter. Yousif Capital Management LLC’s holdings in BlackRock were worth $15,821,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Emerald Advisors LLC increased its position in shares of BlackRock by 2.5% during the 4th quarter. Emerald Advisors LLC now owns 1,048 shares of the asset manager’s stock worth $851,000 after purchasing an additional 26 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of BlackRock by 1.9% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,101 shares of the asset manager’s stock worth $712,000 after purchasing an additional 21 shares in the last quarter. McGlone Suttner Wealth Management Inc. increased its position in shares of BlackRock by 8.5% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 764 shares of the asset manager’s stock worth $620,000 after purchasing an additional 60 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of BlackRock during the 4th quarter worth about $439,000. Finally, Patten & Patten Inc. TN acquired a new stake in BlackRock in the 4th quarter valued at about $205,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling

In related news, insider Marc D. Comerchero sold 450 shares of BlackRock stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $785.11, for a total transaction of $353,299.50. Following the transaction, the insider now owns 5,975 shares of the company’s stock, valued at approximately $4,691,032.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated 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 sale, 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 filing with the SEC, which is accessible through the SEC website. Also, insider Marc D. Comerchero sold 450 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the transaction, the insider now owns 5,975 shares of the company’s stock, valued at $4,691,032.25. The disclosure for this sale can be found here. Insiders have sold 82,511 shares of company stock valued at $66,778,367 in the last 90 days. 0.90% of the stock is owned by insiders.

BlackRock Trading Down 0.5 %

BlackRock stock traded down $3.78 during midday trading on Wednesday, hitting $762.84. 414,470 shares of the stock were exchanged, compared to its average volume of 624,977. The company has a fifty day simple moving average of $803.96 and a two-hundred day simple moving average of $759.31. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00. The stock has a market capitalization of $113.62 billion, a PE ratio of 19.35, a P/E/G ratio of 1.57 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 (NYSE:BLK) last released its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, topping the consensus estimate of $9.42 by $0.39. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the firm earned $7.93 EPS. BlackRock’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts anticipate that BlackRock, Inc. will post 41.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on BLK. UBS Group raised their price objective on shares of BlackRock from $818.00 to $850.00 and gave the company 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 raised their price objective for the company from $819.00 to $938.00 in a research report on Tuesday, January 16th. Morgan Stanley raised their price objective on shares of BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $930.00 price objective (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $845.42.

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.