Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in BlackRock, Inc. (NYSE:BLK) by 70.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 332 shares of the asset manager’s stock after purchasing an additional 137 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in BlackRock were worth $270,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Morgan Stanley lifted its holdings in BlackRock by 3.2% during the 3rd quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager’s stock worth $2,178,048,000 after buying an additional 104,844 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in BlackRock by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,329,550 shares of the asset manager’s stock worth $2,148,586,000 after buying an additional 35,161 shares during the last quarter. FMR LLC lifted its holdings in BlackRock by 22.0% during the 3rd quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock worth $1,361,064,000 after buying an additional 379,631 shares during the last quarter. Northern Trust Corp lifted its holdings in BlackRock by 0.8% during the 1st quarter. Northern Trust Corp now owns 1,915,197 shares of the asset manager’s stock worth $1,463,536,000 after buying an additional 15,290 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of BlackRock by 21.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock worth $1,128,544,000 after purchasing an additional 307,516 shares during the period. Institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BLK. JPMorgan Chase & Co. increased their price target on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $930.00 price target (up from $918.00) on shares of BlackRock in a research report on Friday, April 5th. TD Cowen upgraded BlackRock from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. UBS Group increased their price target on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Morgan Stanley raised 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $845.42.

Insider Transactions at BlackRock

In other news, Director Rachel Lord sold 36,059 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was 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 directly owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Rachel Lord sold 36,059 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was 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 directly owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Marc D. Comerchero sold 450 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the completion of the sale, the insider now directly owns 5,975 shares of the company’s stock, valued at approximately $4,691,032.25. The disclosure for this sale can be found here. Insiders sold a total of 100,511 shares of company stock valued at $71,864,028 in the last three months. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Price Performance

Shares of BLK stock traded down $0.14 during mid-day trading on Thursday, hitting $753.65. 45,289 shares of the stock traded hands, compared to its average volume of 619,406. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $845.00. The firm has a market cap of $112.25 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37. The company’s 50-day simple moving average is $806.88 and its 200-day simple moving average is $755.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.42 by $0.39. The company 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 firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $7.93 EPS. As a group, equities research analysts expect that BlackRock, Inc. will post 41.26 earnings per share for the current year.

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.