BlackRock, Inc. (NYSE:BLK) Shares Sold by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. lowered its position in shares of BlackRock, Inc. (NYSE:BLK) by 69.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,167 shares of the asset manager’s stock after selling 7,341 shares during the quarter. Amica Mutual Insurance Co.’s holdings in BlackRock were worth $2,571,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BLK. Tennessee Valley Asset Management Partners acquired a new stake in BlackRock during the 4th quarter worth about $27,000. LFA Lugano Financial Advisors SA grew its holdings in BlackRock by 208.3% during the fourth 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 period. Wetzel Investment Advisors Inc. purchased a new position in BlackRock during the fourth quarter valued at approximately $32,000. Exchange Traded Concepts LLC lifted its holdings in BlackRock by 671.4% in the third quarter. Exchange Traded Concepts LLC now owns 54 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 47 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of BlackRock during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BLK. Morgan Stanley raised their price objective on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $930.00 target price (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. UBS Group increased their price objective on BlackRock from $818.00 to $850.00 and gave the company 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 upped their target price for the stock from $819.00 to $938.00 in a report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. upped their price objective 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 given a buy rating to the stock. According to MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and an average target price of $845.42.

Insider Buying and Selling at BlackRock

In other BlackRock news, insider Marc D. Comerchero sold 450 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the sale, the insider now directly owns 5,975 shares in the company, valued at $4,691,032.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, 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 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 document filed with the SEC, which is available through the SEC website. Also, insider Marc D. Comerchero sold 450 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $785.11, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders have sold 82,511 shares of company stock valued at $66,778,367. Insiders own 0.90% of the company’s stock.

BlackRock Trading Down 0.2 %

Shares of BLK stock traded down $1.60 on Monday, hitting $761.28. The stock had a trading volume of 483,707 shares, compared to its average volume of 624,333. The company’s 50 day moving average price is $801.42 and its 200-day moving average price is $762.69. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $845.00. The firm has a market capitalization of $113.39 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.58 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.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, beating the consensus estimate of $9.42 by $0.39. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company posted $7.93 EPS. Analysts anticipate that BlackRock, Inc. will post 41.19 earnings per share for the current year.

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.