Dimensional Fund Advisors LP Sells 226 Shares of BlackRock, Inc. (NYSE:BLK)

Dimensional Fund Advisors LP reduced its position in BlackRock, Inc. (NYSE:BLKFree Report) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 373,899 shares of the asset manager’s stock after selling 226 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.25% of BlackRock worth $303,539,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. boosted its stake in shares of BlackRock by 15.1% in the 4th quarter. QRG Capital Management Inc. now owns 9,743 shares of the asset manager’s stock valued at $7,909,000 after purchasing an additional 1,276 shares during the last quarter. Invst LLC boosted its stake in BlackRock by 2.3% during the fourth quarter. Invst LLC now owns 2,078 shares of the asset manager’s stock worth $1,638,000 after acquiring an additional 47 shares in the last quarter. NBC Securities Inc. boosted its stake in BlackRock by 13.4% during the fourth quarter. NBC Securities Inc. now owns 1,052 shares of the asset manager’s stock worth $854,000 after acquiring an additional 124 shares in the last quarter. Marest Capital LLC bought a new position in BlackRock during the fourth quarter worth $307,000. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in BlackRock by 22.9% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,934 shares of the asset manager’s stock worth $1,570,000 after acquiring an additional 361 shares in the last quarter. 80.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BLK has been the topic of several research analyst reports. UBS Group increased their target price on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. TD Cowen raised shares of BlackRock from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $819.00 to $938.00 in a research note on Tuesday, January 16th. JPMorgan Chase & Co. increased their target price 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. Keefe, Bruyette & Woods reissued 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, 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 note on Monday, April 15th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and a consensus price target of $845.42.

Get Our Latest Analysis on BLK

BlackRock Stock Down 0.5 %

Shares of BLK traded down $4.18 during trading hours on Monday, reaching $792.49. 181,481 shares of the stock traded hands, compared to its average volume of 616,704. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $794.94 and a 200 day simple moving average of $771.11. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00. The company has a market cap of $118.03 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.64 and a beta of 1.37.

BlackRock (NYSE:BLKGet Free Report) last released its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a net margin of 32.26% and a return on equity of 15.24%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the firm earned $7.93 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. On average, equities analysts forecast that BlackRock, Inc. will post 41.35 EPS for the current year.

Insider Activity at BlackRock

In related news, CEO Laurence Fink sold 30,978 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the transaction, the chief executive officer now directly owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Laurence Fink sold 30,978 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were 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 owns 414,146 shares in the company, valued at $335,425,128.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rachel Lord sold 36,059 shares of the firm’s stock in a transaction dated 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 owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

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.

See Also

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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