BlackRock, Inc. (NYSE:BLK) Holdings Lowered by Herold Advisors Inc.

Herold Advisors Inc. trimmed its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 1,530 shares of the asset manager’s stock after selling 27 shares during the quarter. Herold Advisors Inc.’s holdings in BlackRock were worth $1,242,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BLK. Tennessee Valley Asset Management Partners purchased a new stake in BlackRock in the 4th quarter worth about $27,000. LFA Lugano Financial Advisors SA lifted its stake in BlackRock by 208.3% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock worth $30,000 after acquiring an additional 25 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in BlackRock in the 4th quarter worth about $32,000. FSC Wealth Advisors LLC purchased a new stake in BlackRock in the 4th quarter worth about $40,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake 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 worth $40,000 after acquiring an additional 24 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Stock Performance

BLK opened at $762.83 on Friday. The firm has a market capitalization of $113.62 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The stock’s 50 day moving average price is $802.08 and its two-hundred day moving average price is $760.15. 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 12-month low of $596.18 and a 12-month high of $845.00.

BlackRock (NYSE:BLK) last released its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. The firm 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 revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $7.93 EPS. On average, equities analysts forecast that BlackRock, Inc. will post 41.19 earnings per share for the current year.

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 that occurred on Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total value of $25,089,701.76. Following the sale, the chief executive officer now owns 414,146 shares of the company’s stock, valued at approximately $335,425,128.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was 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 owns 414,146 shares in the company, valued at approximately $335,425,128.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was 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 of the company’s stock, valued at approximately $13,910,292.24. The disclosure for this sale can be found here. Insiders have sold 82,511 shares of company stock valued at $66,778,367 in the last 90 days. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BLK shares. UBS Group increased their price objective on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research note 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 research 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 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 research report on Tuesday, April 2nd. 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 research report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, BlackRock 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.