BlackRock, Inc. (NYSE:BLK) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC increased its stake in BlackRock, Inc. (NYSE:BLK) by 29.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,408 shares of the asset manager’s stock after purchasing an additional 318 shares during the quarter. Fidelis Capital Partners LLC’s holdings in BlackRock were worth $1,143,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Fairfield Bush & CO. purchased a new position in BlackRock in the first quarter valued at about $115,000. United Bank boosted its holdings in BlackRock by 17.1% in the first quarter. United Bank now owns 1,287 shares of the asset manager’s stock valued at $983,000 after purchasing an additional 188 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in BlackRock by 2.6% in the first quarter. Panagora Asset Management Inc. now owns 1,978 shares of the asset manager’s stock valued at $1,512,000 after purchasing an additional 51 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in BlackRock by 35.4% in the first quarter. Sequoia Financial Advisors LLC now owns 1,025 shares of the asset manager’s stock valued at $783,000 after purchasing an additional 268 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in BlackRock by 11.7% in the first quarter. Brown Brothers Harriman & Co. now owns 1,452 shares of the asset manager’s stock valued at $1,110,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In other news, General Counsel Christopher J. Meade sold 18,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $282.54, for a total transaction of $5,085,660.60. Following the sale, the general counsel now directly 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 the SEC website. In related news, General Counsel Christopher J. Meade sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $282.54, for a total value of $5,085,660.60. Following the sale, the general counsel now directly owns 11,914 shares in the company, valued at approximately $3,366,142.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $29,498,425.54. Following the completion of the sale, the director now owns 17,004 shares in the company, valued at $13,910,292.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,511 shares of company stock worth $71,864,028. 0.90% of the stock is currently owned by company insiders.

BlackRock Stock Performance

Shares of BlackRock stock traded down $6.71 on Thursday, reaching $747.08. 614,875 shares of the company were exchanged, compared to its average volume of 627,263. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48. The company’s 50-day moving average is $806.88 and its two-hundred day moving average is $755.19. The firm has a market cap of $111.27 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.55 and a beta of 1.37. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year 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 for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. The business had revenue of $4.73 billion for 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 period in the prior year, the firm earned $7.93 EPS. As a group, research analysts expect that BlackRock, Inc. will post 41.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on BLK. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $930.00 price target (up previously from $918.00) on shares of BlackRock in a report on Friday, April 5th. UBS Group increased their target price on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Morgan Stanley increased their target price on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $819.00 to $938.00 in a report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. increased their target price on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company 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.