Wynn Capital LLC Acquires Shares of 1,432 BlackRock, Inc. (NYSE:BLK)

Wynn Capital LLC acquired a new stake in BlackRock, Inc. (NYSE:BLK) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,432 shares of the asset manager’s stock, valued at approximately $1,162,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners acquired a new position in shares of BlackRock during the 4th quarter worth $27,000. LFA Lugano Financial Advisors SA raised its holdings in shares of BlackRock by 208.3% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock worth $30,000 after buying an additional 25 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of BlackRock during the 4th quarter worth $32,000. FSC Wealth Advisors LLC acquired a new position in shares of BlackRock during the 4th quarter worth $40,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of BlackRock by 96.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 49 shares of the asset manager’s stock worth $40,000 after buying an additional 24 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Stock Down 0.5 %

NYSE:BLK traded down $4.11 on Wednesday, hitting $762.51. The stock had a trading volume of 751,160 shares, compared to its average volume of 629,645. The business’s fifty day moving average is $803.96 and its 200 day moving average is $759.31. The company has a market cap of $113.57 billion, a PE ratio of 19.35, a P/E/G ratio of 1.57 and a beta of 1.37. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week 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 the consensus estimate of $9.42 by $0.39. The business had revenue of $4.73 billion for 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 quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.93 earnings per share. On average, equities research analysts expect that BlackRock, Inc. will post 41.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a report on Friday, April 5th. JPMorgan Chase & Co. upped 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. UBS Group upped 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. TD Cowen raised 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, Morgan Stanley upped 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, April 15th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $845.42.

Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 3,418 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $781.11, for a total value of $2,669,833.98. Following the completion of the sale, the director now directly owns 70,378 shares of the company’s stock, valued at $54,972,959.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director J. Richard Kushel sold 3,418 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $781.11, for a total value of $2,669,833.98. Following the completion of the sale, the director now directly owns 70,378 shares of the company’s stock, valued at $54,972,959.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Martin Small sold 7,036 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 5,259 shares of the company’s stock, valued at $4,135,467.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,511 shares of company stock worth $66,778,367. Corporate insiders own 0.90% of the company’s stock.

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.