288 Shares in BlackRock, Inc. (NYSE:BLK) Purchased by SYM FINANCIAL Corp

SYM FINANCIAL Corp bought a new stake in BlackRock, Inc. (NYSE:BLK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 288 shares of the asset manager’s stock, valued at approximately $234,000.

Other large investors have also recently bought and sold shares of the company. Emerald Advisors LLC boosted its stake in BlackRock by 2.5% during the fourth quarter. Emerald Advisors LLC now owns 1,048 shares of the asset manager’s stock valued at $851,000 after buying an additional 26 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of BlackRock by 1.9% in the 3rd 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 purchasing an additional 21 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its holdings in shares of BlackRock by 8.5% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 764 shares of the asset manager’s stock worth $620,000 after purchasing an additional 60 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in BlackRock during the fourth quarter worth approximately $439,000. Finally, Patten & Patten Inc. TN acquired a new position in BlackRock in the fourth quarter worth approximately $205,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity at BlackRock

In other BlackRock news, General Counsel Christopher J. Meade sold 3,100 shares of BlackRock stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $793.86, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director J. Richard Kushel sold 520 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $784.69, for a total transaction of $408,038.80. Following the transaction, the director now owns 4,150 shares of the company’s stock, valued at approximately $3,256,463.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Christopher J. Meade sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $793.86, for a total value of $2,460,966.00. Following the completion of the sale, the general counsel now owns 8,628 shares of the company’s stock, valued at $6,849,424.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,057 shares of company stock valued at $58,575,704. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BLK shares. Morgan Stanley lifted their target price on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods restated 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. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $819.00 to $938.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their target price on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, UBS Group upped their price target on shares of BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $845.42.

BlackRock Stock Up 0.9 %

Shares of NYSE:BLK traded up $6.91 during trading on Friday, reaching $763.91. 558,283 shares of the company traded hands, compared to its average volume of 689,289. The firm has a fifty day simple moving average of $797.35 and a 200 day simple moving average of $764.35. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $845.00. The firm has a market cap of $113.78 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37.

BlackRock (NYSE:BLK) last released its quarterly earnings data 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. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter last year, the firm earned $7.93 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts anticipate that BlackRock, Inc. will post 41.19 earnings per share 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.