One Capital Management LLC Takes Position in BlackRock, Inc. (NYSE:BLK)

One Capital Management LLC acquired a new position in BlackRock, Inc. (NYSE:BLKFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 252 shares of the asset manager’s stock, valued at approximately $205,000.

Other hedge funds have also bought and sold shares of the company. Tennessee Valley Asset Management Partners purchased a new stake in BlackRock in the 4th quarter worth approximately $27,000. LFA Lugano Financial Advisors SA increased its stake in BlackRock by 208.3% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock worth $30,000 after acquiring an additional 25 shares during the last quarter. Northwest Financial Advisors purchased a new stake in shares of BlackRock in the 4th quarter valued at about $32,000. Wetzel Investment Advisors Inc. purchased a new position in shares of BlackRock during the fourth quarter worth about $32,000. Finally, Knuff & Co LLC raised its stake in BlackRock by 48.1% in the fourth quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 13 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BLK. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price target (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Morgan Stanley upped 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. JPMorgan Chase & Co. lifted 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. Finally, UBS Group boosted their price objective on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $845.42.

Get Our Latest Report on BLK

Insider Activity at BlackRock

In related news, Director Rachel Lord sold 36,059 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $818.06, for a total value of $29,498,425.54. Following the transaction, the director now owns 17,004 shares in the company, valued at approximately $13,910,292.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rachel Lord sold 36,059 shares of the business’s stock in a transaction on 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 sale, the director now owns 17,004 shares of the company’s stock, valued at $13,910,292.24. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

BlackRock Trading Down 0.8 %

BLK opened at $790.33 on Tuesday. The business has a 50 day moving average of $794.94 and a 200-day moving average of $772.26. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.35. The stock has a market cap of $117.71 billion, a PE ratio of 20.08, a PEG ratio of 1.64 and a beta of 1.37. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00.

BlackRock (NYSE:BLKGet Free Report) last issued its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) 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 15.24%. The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the business earned $7.93 EPS. BlackRock’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts predict that BlackRock, Inc. will post 41.35 earnings per share 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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