Captrust Financial Advisors Increases Position in BlackRock, Inc. (NYSE:BLK)

Captrust Financial Advisors lifted its position in shares of BlackRock, Inc. (NYSE:BLK) by 21.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,037 shares of the asset manager’s stock after purchasing an additional 1,397 shares during the period. Captrust Financial Advisors’ holdings in BlackRock were worth $8,239,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BLK. Cary Street Partners Financial LLC bought a new stake in shares of BlackRock during the fourth quarter valued at approximately $2,585,000. Brown Advisory Inc. bought a new stake in BlackRock in the 4th quarter valued at $67,965,000. Banque Transatlantique SA purchased a new stake in BlackRock in the 4th quarter worth $67,000. Banque de Luxembourg S.A. bought a new position in shares of BlackRock during the 4th quarter valued at about $273,000. Finally, Beverly Hills Private Wealth LLC purchased a new position in shares of BlackRock during the fourth quarter valued at about $4,185,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Price Performance

BLK opened at $928.36 on Friday. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $913.56 and a 200 day moving average of $979.04. BlackRock, Inc. has a 52-week low of $752.30 and a 52-week high of $1,084.22. The stock has a market cap of $144.13 billion, a P/E ratio of 22.10, a PEG ratio of 1.90 and a beta of 1.41.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping the consensus estimate of $10.84 by $0.46. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $9.81 EPS. As a group, sell-side analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BLK shares. UBS Group cut their price target on BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Wells Fargo & Company reduced their price target on shares of BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Morgan Stanley lowered their price objective on shares of BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. StockNews.com began coverage on shares of BlackRock in a report on Thursday. They issued a “hold” rating on the stock. Finally, Bank of America dropped their price target 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. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,077.08.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 2,000 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the transaction, the director now owns 66,034 shares in the company, valued at approximately $56,261,628.34. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 12,430 shares of company stock valued at $11,237,249. 1.98% of the stock is currently owned by company insiders.

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.