Field & Main Bank Buys 75 Shares of BlackRock, Inc. (NYSE:BLK)

Field & Main Bank grew its position in BlackRock, Inc. (NYSE:BLK) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 956 shares of the asset manager’s stock after purchasing an additional 75 shares during the quarter. Field & Main Bank’s holdings in BlackRock were worth $776,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Emerald Advisors LLC increased its holdings in shares of BlackRock by 2.5% during the fourth quarter. Emerald Advisors LLC now owns 1,048 shares of the asset manager’s stock worth $851,000 after purchasing an additional 26 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in BlackRock by 1.9% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,101 shares of the asset manager’s stock valued at $712,000 after acquiring an additional 21 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of BlackRock by 8.5% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 764 shares of the asset manager’s stock valued at $620,000 after acquiring an additional 60 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of BlackRock in the fourth quarter worth $439,000. Finally, Patten & Patten Inc. TN acquired a new position in BlackRock in the fourth quarter valued at about $205,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Trading Down 0.2 %

NYSE BLK traded down $1.60 on Monday, reaching $761.28. The company had a trading volume of 483,707 shares, compared to its average volume of 624,333. The firm has a market cap of $113.39 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.58 and a beta of 1.37. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $845.00. The business has a 50 day moving average of $801.42 and a two-hundred day moving average of $762.69. 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 released its 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 15.34%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the firm posted $7.93 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Analysts forecast that BlackRock, Inc. will post 41.19 EPS for the current year.

Insider Activity at BlackRock

In other news, Director Rachel Lord sold 36,059 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $818.06, for a total value of $29,498,425.54. Following the transaction, the director now directly owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Rachel Lord sold 36,059 shares of the firm’s stock in a transaction that occurred 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 completion of 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 legal filing with the SEC, which is accessible through this link. Also, Director J. Richard Kushel sold 3,418 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $781.11, for a total transaction of $2,669,833.98. Following the transaction, the director now owns 70,378 shares in the company, valued at approximately $54,972,959.58. The disclosure for this sale can be found here. Insiders have sold a total of 82,511 shares of company stock worth $66,778,367 over the last quarter. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $930.00 price objective (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. UBS Group boosted their price objective 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. JPMorgan Chase & Co. raised their target price on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. TD Cowen upgraded BlackRock from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. Finally, Morgan Stanley lifted their target price on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $845.42.

BlackRock 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.