BlackRock, Inc. (NYSE:BLK) Shares Purchased by Flossbach Von Storch AG

Flossbach Von Storch AG raised its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 335,827 shares of the asset manager’s stock after acquiring an additional 4,308 shares during the quarter. BlackRock makes up 1.2% of Flossbach Von Storch AG’s investment portfolio, making the stock its 20th largest position. Flossbach Von Storch AG’s holdings in BlackRock were worth $272,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Tennessee Valley Asset Management Partners purchased a new position in BlackRock in the 4th quarter valued at $27,000. LFA Lugano Financial Advisors SA raised its position in shares of BlackRock by 208.3% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after buying an additional 25 shares during the last quarter. Tyler Stone Wealth Management purchased a new position in shares of BlackRock in the second quarter worth about $33,000. FSC Wealth Advisors LLC acquired a new position in BlackRock during the fourth quarter worth about $40,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in BlackRock by 96.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 49 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Stock Up 0.5 %

Shares of BlackRock stock traded up $4.08 during trading on Wednesday, hitting $753.75. 585,432 shares of the stock were exchanged, compared to its average volume of 627,427. 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’s 50-day moving average price is $806.88 and its 200 day moving average price is $755.19. The stock has a market cap of $112.26 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $845.00.

BlackRock (NYSE:BLK) last announced 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. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. BlackRock’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $7.93 EPS. As a group, analysts forecast that BlackRock, Inc. will post 41.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BLK shares. TD Cowen upgraded BlackRock from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $819.00 to $938.00 in a report on Tuesday, January 16th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $930.00 target price (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. 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 report on Tuesday, April 2nd. UBS Group boosted their target price on shares of BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, 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. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $811.43.

Insider Buying and Selling

In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the 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 transaction, the chief executive officer now directly owns 414,146 shares in the company, valued at $335,425,128.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Martin Small sold 7,036 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $786.36, for a total value of $5,532,828.96. Following the transaction, the chief financial officer now directly owns 5,259 shares in the company, valued at approximately $4,135,467.24. The disclosure for this sale can be found here. Insiders sold a total of 100,511 shares of company stock worth $71,864,028 over the last 90 days. 0.90% of the stock is owned by insiders.

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.