BlackRock, Inc. (NYSE:BLK) Shares Sold by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp reduced its position in shares of BlackRock, Inc. (NYSE:BLK) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 606 shares of the asset manager’s stock after selling 45 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in BlackRock were worth $492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLK. Fairfield Bush & CO. acquired a new stake in BlackRock during the first quarter worth about $115,000. United Bank increased its position in shares of BlackRock by 17.1% during the first quarter. United Bank now owns 1,287 shares of the asset manager’s stock valued at $983,000 after acquiring an additional 188 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of BlackRock by 2.6% during the first quarter. Panagora Asset Management Inc. now owns 1,978 shares of the asset manager’s stock valued at $1,512,000 after acquiring an additional 51 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of BlackRock by 35.4% during the first quarter. Sequoia Financial Advisors LLC now owns 1,025 shares of the asset manager’s stock valued at $783,000 after acquiring an additional 268 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of BlackRock by 11.7% during the first quarter. Brown Brothers Harriman & Co. now owns 1,452 shares of the asset manager’s stock valued at $1,110,000 after acquiring an additional 152 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $819.00 to $938.00 in a research report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. UBS Group lifted their price target 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. Morgan Stanley lifted their price target 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. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $930.00 price target (up from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $845.42.

BlackRock Stock Down 0.9 %

Shares of NYSE BLK traded down $6.71 during midday trading on Thursday, hitting $747.08. The company’s stock had a trading volume of 614,875 shares, compared to its average volume of 627,263. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $845.00. The business’s fifty day simple moving average is $806.88 and its two-hundred day simple moving average is $755.19. 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 firm has a market capitalization of $111.27 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the firm earned $7.93 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities analysts predict that BlackRock, Inc. will post 41.26 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Christopher J. Meade sold 18,000 shares of BlackRock stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $282.54, for a total value of $5,085,660.60. Following the completion of the transaction, the general counsel now owns 11,914 shares in the company, valued at $3,366,142.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Christopher J. Meade sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $282.54, for a total transaction of $5,085,660.60. Following the completion of the sale, the general counsel now owns 11,914 shares in the company, valued at approximately $3,366,142.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief executive officer now owns 414,146 shares of the company’s stock, valued at approximately $335,425,128.32. The disclosure for this sale can be found here. Insiders sold 100,511 shares of company stock worth $71,864,028 over the last 90 days. 0.90% of the stock is owned by insiders.

About BlackRock

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.