291 Shares in BlackRock, Inc. (NYSE:BLK) Bought by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. purchased a new position in shares of BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 291 shares of the asset manager’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLK. Tennessee Valley Asset Management Partners acquired a new position in BlackRock in the fourth quarter valued at $27,000. LFA Lugano Financial Advisors SA boosted its holdings in shares of BlackRock by 208.3% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 25 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of BlackRock in the fourth quarter valued at about $32,000. Knuff & Co LLC boosted its holdings in shares of BlackRock by 48.1% in the fourth quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 13 shares in the last quarter. Finally, 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. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BlackRock news, General Counsel Christopher J. Meade sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $793.86, for a total transaction of $2,460,966.00. Following the completion of the sale, the general counsel now directly owns 8,628 shares in the company, valued at $6,849,424.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BlackRock news, General Counsel Christopher J. Meade sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $793.86, for a total transaction of $2,460,966.00. Following the completion of the sale, the general counsel now directly owns 8,628 shares in the company, valued at $6,849,424.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen Cohen sold 950 shares of the stock in a transaction dated 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 sale, the director now owns 4,437 shares of the company’s stock, valued at approximately $3,574,225.35. The disclosure for this sale can be found here. Insiders sold 71,087 shares of company stock worth $57,814,366 over the last three months. 0.90% of the stock is owned by insiders.

BlackRock Trading Up 1.2 %

Shares of BLK traded up $8.92 during mid-day trading on Monday, reaching $772.83. The company had a trading volume of 307,390 shares, compared to its average volume of 617,319. The stock has a market cap of $115.11 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $797.35 and a 200-day simple moving average of $766.29. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $845.00.

BlackRock (NYSE:BLK) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.93 earnings per share. On average, sell-side analysts anticipate that BlackRock, Inc. will post 41.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BLK. TD Cowen raised shares of 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 report on Tuesday, January 16th. UBS Group boosted their price objective on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price objective (up previously from $918.00) on shares of BlackRock in a report on Friday, April 5th. JPMorgan Chase & Co. boosted their price objective on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley boosted their price objective on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a 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.com, BlackRock has an average rating of “Moderate Buy” and an average target price of $845.42.

About BlackRock

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.