Banque de Luxembourg S.A. Makes New Investment in BlackRock, Inc. (NYSE:BLK)

Banque de Luxembourg S.A. acquired a new stake in shares of BlackRock, Inc. (NYSE:BLK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 265 shares of the asset manager’s stock, valued at approximately $273,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. IAG Wealth Partners LLC purchased a new position in shares of BlackRock in the 4th quarter worth about $26,000. Collier Financial acquired a new stake in BlackRock during the 4th quarter worth approximately $32,000. Compass Planning Associates Inc purchased a new position in BlackRock in the fourth quarter valued at approximately $33,000. Atwood & Palmer Inc. purchased a new stake in BlackRock during the fourth quarter worth approximately $36,000. Finally, West Financial Advisors LLC purchased a new stake in BlackRock during the fourth quarter worth approximately $39,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on BLK. JPMorgan Chase & Co. reduced their target price on shares of BlackRock from $1,046.00 to $988.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Bank of America decreased their target price on BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. TD Cowen dropped their target price on BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Citigroup decreased their price target on BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,077.08.

Insider Buying and Selling

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the sale, the director now directly owns 66,034 shares of the company’s stock, valued at approximately $56,261,628.34. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 12,430 shares of company stock worth $11,237,249 over the last ninety days. 1.98% of the stock is owned by insiders.

BlackRock Price Performance

BLK opened at $928.47 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. BlackRock, Inc. has a 1-year low of $752.30 and a 1-year high of $1,084.22. The company has a 50-day moving average of $916.68 and a 200-day moving average of $981.14. The company has a market capitalization of $144.15 billion, a P/E ratio of 22.11, a PEG ratio of 1.90 and a beta of 1.38.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.84 by $0.46. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.47 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. During the same quarter in the prior year, the firm posted $9.81 earnings per share. BlackRock’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts expect that BlackRock, Inc. will post 47.41 EPS for the current fiscal 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.