BlackRock, Inc. (NYSE:BLK) Shares Bought by Syon Capital LLC

Syon Capital LLC raised its holdings in BlackRock, Inc. (NYSE:BLK) by 28.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,511 shares of the asset manager’s stock after acquiring an additional 337 shares during the period. Syon Capital LLC’s holdings in BlackRock were worth $1,226,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Tennessee Valley Asset Management Partners purchased a new position in BlackRock in the 4th quarter worth approximately $27,000. LFA Lugano Financial Advisors SA grew its position 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 purchasing an additional 25 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of BlackRock during the fourth quarter valued at $32,000. Exchange Traded Concepts LLC boosted its holdings in shares of BlackRock by 671.4% in the third quarter. Exchange Traded Concepts LLC now owns 54 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 47 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of BlackRock in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Stock Down 0.7 %

NYSE BLK traded down $5.15 during trading hours on Thursday, hitting $757.65. 503,611 shares of the company traded hands, compared to its average volume of 628,070. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $845.00. The business’s 50-day moving average is $803.50 and its 200-day moving average is $759.33. 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 stock has a market capitalization of $112.84 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.59 and a beta of 1.37.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. The company had revenue of $4.73 billion during 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%. BlackRock’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $7.93 EPS. Sell-side analysts anticipate that BlackRock, Inc. will post 41.19 earnings per share for the current year.

Insider Buying and Selling at BlackRock

In related news, Director Stephen Cohen sold 950 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $805.55, for a total value of $765,272.50. Following the completion of the sale, the director now directly owns 4,437 shares of the company’s stock, valued at approximately $3,574,225.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other BlackRock news, Director Stephen Cohen sold 950 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $805.55, for a total value of $765,272.50. Following the completion of the transaction, the director now owns 4,437 shares of the company’s stock, valued at approximately $3,574,225.35. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the completion of the sale, the chief executive officer now directly owns 414,146 shares of the company’s stock, valued at approximately $335,425,128.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,511 shares of company stock worth $66,778,367. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Keefe, Bruyette & Woods reissued 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. increased their price target on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Morgan Stanley upped 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, April 15th. UBS Group upped their price objective on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $819.00 to $938.00 in a research report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, BlackRock has a consensus rating of “Moderate Buy” and a consensus price target of $845.42.

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.