Herold Advisors Inc. Sells 27 Shares of BlackRock, Inc. (NYSE:BLK)

Herold Advisors Inc. trimmed its stake in BlackRock, Inc. (NYSE:BLK) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,530 shares of the asset manager’s stock after selling 27 shares during the period. Herold Advisors Inc.’s holdings in BlackRock were worth $1,242,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Abacus Planning Group Inc. lifted its stake in shares of BlackRock by 4.0% during the 4th quarter. Abacus Planning Group Inc. now owns 334 shares of the asset manager’s stock worth $271,000 after acquiring an additional 13 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in shares of BlackRock by 3.2% during the 4th quarter. Everhart Financial Group Inc. now owns 450 shares of the asset manager’s stock worth $365,000 after acquiring an additional 14 shares during the last quarter. Spreng Capital Management Inc. lifted its stake in shares of BlackRock by 1.1% during the 4th quarter. Spreng Capital Management Inc. now owns 1,329 shares of the asset manager’s stock worth $1,079,000 after acquiring an additional 14 shares during the last quarter. Inscription Capital LLC lifted its stake in shares of BlackRock by 1.2% during the 4th quarter. Inscription Capital LLC now owns 1,274 shares of the asset manager’s stock worth $1,034,000 after acquiring an additional 15 shares during the last quarter. Finally, ERTS Wealth Advisors LLC lifted its stake in shares of BlackRock by 2.9% during the 4th quarter. ERTS Wealth Advisors LLC now owns 538 shares of the asset manager’s stock worth $437,000 after acquiring an additional 15 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Performance

Shares of BLK stock opened at $762.83 on Friday. The stock has a market cap of $113.62 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The business has a 50-day simple moving average of $802.08 and a 200-day simple moving average of $760.15. 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 52-week low of $596.18 and a 52-week high of $845.00.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. BlackRock’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.93 EPS. On average, equities analysts expect that BlackRock, Inc. will post 41.19 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on BLK shares. JPMorgan Chase & Co. raised their price objective on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Morgan Stanley boosted their target price on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. UBS Group boosted 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. Keefe, Bruyette & Woods restated an “outperform” rating and set a $930.00 target price (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Finally, TD Cowen upgraded BlackRock from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $819.00 to $938.00 in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $845.42.

Insider Buying and Selling

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 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 document filed with the SEC, which is available through this link. 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 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 document filed with the SEC, which is available through this link. Also, insider Marc D. Comerchero sold 450 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the sale, 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. In the last 90 days, insiders sold 82,511 shares of company stock valued at $66,778,367. 0.90% of the stock is owned by company insiders.

BlackRock 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.