Tilt Investment Management Holdings PBC Sells 212 Shares of BlackRock, Inc. (NYSE:BLK)

Tilt Investment Management Holdings PBC decreased its position in BlackRock, Inc. (NYSE:BLK) by 27.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567 shares of the asset manager’s stock after selling 212 shares during the period. Tilt Investment Management Holdings PBC’s holdings in BlackRock were worth $460,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Flossbach Von Storch AG lifted its stake in shares of BlackRock by 1.3% in the fourth quarter. Flossbach Von Storch AG now owns 335,827 shares of the asset manager’s stock worth $272,624,000 after buying an additional 4,308 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in BlackRock by 70.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 332 shares of the asset manager’s stock valued at $270,000 after acquiring an additional 137 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in BlackRock by 1.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,459 shares of the asset manager’s stock valued at $11,738,000 after purchasing an additional 168 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of BlackRock in the 4th quarter worth $44,000. Finally, Sfmg LLC raised its stake in shares of BlackRock by 2.3% in the fourth quarter. Sfmg LLC now owns 4,774 shares of the asset manager’s stock worth $3,875,000 after purchasing an additional 106 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the company’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 value of $25,089,701.76. Following the completion of the transaction, the chief executive officer now directly owns 414,146 shares in the company, valued at $335,425,128.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Rachel Lord sold 36,059 shares of BlackRock 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 owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laurence Fink sold 30,978 shares of the company’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 value of $25,089,701.76. Following the completion of the transaction, the chief executive officer now owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,511 shares of company stock worth $71,864,028. Company insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

Shares of NYSE:BLK traded down $3.64 during midday trading on Thursday, hitting $750.15. The company had a trading volume of 386,740 shares, compared to its average volume of 624,040. The company has a market cap of $111.73 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.55 and a beta of 1.37. 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 company has a fifty day moving average of $806.88 and a two-hundred day moving average of $755.19. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $845.00.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. The business 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%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.93 earnings per share. On average, equities research analysts expect that BlackRock, Inc. will post 41.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLK has been the topic of several recent analyst reports. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $819.00 to $938.00 in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a report on Friday, April 5th. UBS Group lifted their price target 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. Morgan Stanley increased 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 report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Three 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $845.42.

BlackRock Company 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.