Mutual of America Capital Management LLC Sells 927 Shares of BlackRock, Inc. (NYSE:BLK)

Mutual of America Capital Management LLC lowered its stake in shares of BlackRock, Inc. (NYSE:BLKFree Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,714 shares of the asset manager’s stock after selling 927 shares during the period. Mutual of America Capital Management LLC’s holdings in BlackRock were worth $15,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA raised 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 valued at $30,000 after buying an additional 25 shares during the last quarter. Tyler Stone Wealth Management bought a new stake in BlackRock in the second quarter worth $33,000. FSC Wealth Advisors LLC bought a new stake in BlackRock in the fourth quarter worth $40,000. Blue Bell Private Wealth Management LLC increased its position in BlackRock by 96.0% in 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. Finally, Exchange Traded Concepts LLC increased its position in BlackRock by 671.4% in the third 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 last quarter. Institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In other BlackRock news, Director Rachel Lord sold 36,059 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the completion of the sale, the director now directly owns 17,004 shares of the company’s stock, valued at $13,910,292.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Marc D. Comerchero sold 450 shares of the firm’s 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 sale, the insider now owns 5,975 shares of the company’s stock, valued at approximately $4,691,032.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rachel Lord sold 36,059 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the sale, the director now directly owns 17,004 shares in the company, valued at approximately $13,910,292.24. The disclosure for this sale can be found here. Insiders sold 100,511 shares of company stock worth $71,864,028 over the last three months. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BLK shares. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. UBS Group lifted their price objective on shares of BlackRock from $720.00 to $818.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. lifted their price objective on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $930.00 price objective (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $796.00.

Read Our Latest Report on BLK

BlackRock Stock Performance

BLK stock opened at $785.96 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48. The business has a 50-day moving average price of $809.38 and a 200 day moving average price of $751.41. The company has a market capitalization of $117.06 billion, a P/E ratio of 21.53, a PEG ratio of 1.69 and a beta of 1.37. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $845.00.

BlackRock (NYSE:BLKGet Free Report) last released its quarterly earnings data on Friday, January 12th. The asset manager reported $9.66 earnings per share for the quarter, beating the consensus estimate of $8.84 by $0.82. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.65 billion. BlackRock had a return on equity of 14.74% and a net margin of 30.81%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $8.93 earnings per share. As a group, equities research analysts forecast that BlackRock, Inc. will post 41.32 EPS for the current fiscal year.

BlackRock Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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