Colton Groome Financial Advisors LLC Increases Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Colton Groome Financial Advisors LLC increased its stake in BlackRock, Inc. (NYSE:BLK) by 33.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,034 shares of the asset manager’s stock after purchasing an additional 505 shares during the period. Colton Groome Financial Advisors LLC’s holdings in BlackRock were worth $1,651,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fidelis Capital Partners LLC grew its position in BlackRock by 29.2% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,408 shares of the asset manager’s stock valued at $1,143,000 after acquiring an additional 318 shares during the last quarter. Western Wealth Management LLC grew its position in BlackRock by 1.6% during the fourth quarter. Western Wealth Management LLC now owns 3,121 shares of the asset manager’s stock valued at $2,534,000 after acquiring an additional 50 shares during the last quarter. Xponance Inc. grew its position in BlackRock by 5.3% during the fourth quarter. Xponance Inc. now owns 19,660 shares of the asset manager’s stock valued at $15,960,000 after acquiring an additional 992 shares during the last quarter. Flossbach Von Storch AG grew its position in BlackRock by 1.3% during the fourth quarter. Flossbach Von Storch AG now owns 335,827 shares of the asset manager’s stock valued at $272,624,000 after acquiring an additional 4,308 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in BlackRock by 70.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 332 shares of the asset manager’s stock valued at $270,000 after acquiring an additional 137 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BlackRock

In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Christopher J. Meade sold 18,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the general counsel now directly owns 11,914 shares in the company, valued at $3,366,142.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Laurence Fink sold 30,978 shares of the firm’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 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. Over the last 90 days, insiders sold 100,511 shares of company stock valued at $71,864,028. 0.90% of the stock is currently owned by company insiders.

BlackRock Stock Down 0.9 %

BlackRock stock traded down $6.71 on Thursday, hitting $747.08. 614,875 shares of the stock traded hands, compared to its average volume of 627,263. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32. The firm has a market cap of $111.27 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37. The business’s fifty day simple moving average is $806.88 and its 200 day simple moving average is $755.19. 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 data 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 business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $7.93 earnings per share. As a group, sell-side analysts forecast that BlackRock, Inc. will post 41.26 earnings per share for the current year.

Wall Street Analyst Weigh In

BLK has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price objective (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. JPMorgan Chase & Co. increased their price objective on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. 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 note on Tuesday, January 16th. Finally, 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. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.