Argonautica Private Wealth Management Inc. Sells 72 Shares of BlackRock, Inc. (NYSE:BLK)

Argonautica Private Wealth Management Inc. trimmed its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,941 shares of the asset manager’s stock after selling 72 shares during the period. BlackRock makes up approximately 2.0% of Argonautica Private Wealth Management Inc.’s investment portfolio, making the stock its 6th largest holding. Argonautica Private Wealth Management Inc.’s holdings in BlackRock were worth $4,823,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Emerald Advisors LLC grew its holdings in BlackRock by 2.5% during the fourth quarter. Emerald Advisors LLC now owns 1,048 shares of the asset manager’s stock worth $851,000 after acquiring an additional 26 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in BlackRock by 1.9% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,101 shares of the asset manager’s stock worth $712,000 after acquiring an additional 21 shares during the period. McGlone Suttner Wealth Management Inc. grew its holdings in BlackRock by 8.5% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 764 shares of the asset manager’s stock worth $620,000 after acquiring an additional 60 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in BlackRock during the fourth quarter worth about $439,000. Finally, Patten & Patten Inc. TN acquired a new position in BlackRock during the fourth quarter worth about $205,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BlackRock

In related news, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction dated 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 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 SEC, which can be accessed through the SEC website. In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the 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 directly owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin Small sold 7,036 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $786.36, for a total value of $5,532,828.96. Following the transaction, 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. Insiders sold 82,511 shares of company stock valued at $66,778,367 in the last three months. Corporate insiders own 0.90% of the company’s stock.

BlackRock Trading Up 0.7 %

BlackRock stock traded up $5.23 during mid-day trading on Friday, hitting $762.88. The stock had a trading volume of 447,939 shares, compared to its average volume of 683,111. The stock has a 50-day simple moving average of $802.08 and a two-hundred day simple moving average of $760.15. The stock has a market capitalization of $113.62 billion, a PE ratio of 19.39, a P/E/G ratio of 1.57 and a beta of 1.37. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $845.00. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32.

BlackRock (NYSE:BLK) last released its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.93 earnings per share. As a group, sell-side analysts forecast that BlackRock, Inc. will post 41.19 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BLK. Morgan Stanley increased their price target on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. UBS Group increased their price target on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $819.00 to $938.00 in a research note on Tuesday, January 16th. Finally, JPMorgan Chase & Co. lifted their target price on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, BlackRock presently has a consensus 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.