Accretive Wealth Partners LLC Boosts Stock Position in BlackRock, Inc. (NYSE:BLK)

Accretive Wealth Partners LLC increased its stake in shares of BlackRock, Inc. (NYSE:BLKGet Rating) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,712 shares of the asset manager’s stock after buying an additional 30 shares during the quarter. BlackRock makes up approximately 1.0% of Accretive Wealth Partners LLC’s holdings, making the stock its 26th biggest holding. Accretive Wealth Partners LLC’s holdings in BlackRock were worth $1,567,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BLK. Morgan Stanley increased its position in BlackRock by 1.0% during the 2nd quarter. Morgan Stanley now owns 2,323,967 shares of the asset manager’s stock worth $2,033,403,000 after purchasing an additional 23,377 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in BlackRock by 8.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,931 shares of the asset manager’s stock valued at $4,974,000 after buying an additional 453 shares during the period. E Fund Management Co. Ltd. purchased a new stake in BlackRock in the 3rd quarter valued at about $263,000. Magnetar Financial LLC purchased a new stake in BlackRock in the 3rd quarter valued at about $509,000. Finally, B. Riley Wealth Management Inc. grew its holdings in BlackRock by 7.8% in the 3rd quarter. B. Riley Wealth Management Inc. now owns 1,243 shares of the asset manager’s stock valued at $1,042,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

In other BlackRock news, Director William E. Ford purchased 1,000 shares of the firm’s stock in a transaction on Thursday, April 14th. The shares were purchased at an average price of $701.00 per share, for a total transaction of $701,000.00. Following the completion of the transaction, the director now owns 12,915 shares in the company, valued at approximately $9,053,415. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Ford acquired 2,000 shares of the stock in a transaction on Monday, April 18th. The shares were purchased at an average price of $681.44 per share, for a total transaction of $1,362,880.00. Following the completion of the transaction, the director now owns 14,915 shares in the company, valued at approximately $10,163,677.60. The disclosure for this purchase can be found here. 1.06% of the stock is owned by insiders.

Shares of BLK traded up $7.36 during mid-day trading on Friday, reaching $600.44. 1,200,898 shares of the company’s stock traded hands, compared to its average volume of 1,147,151. The business’s 50-day moving average price is $687.44 and its 200-day moving average price is $794.41. The stock has a market capitalization of $90.97 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.33 and a current ratio of 4.33. BlackRock, Inc. has a 12 month low of $582.58 and a 12 month high of $973.16.

BlackRock (NYSE:BLKGet Rating) last released its quarterly earnings results on Wednesday, April 13th. The asset manager reported $9.52 earnings per share for the quarter, beating analysts’ consensus estimates of $8.92 by $0.60. BlackRock had a return on equity of 17.00% and a net margin of 31.20%. The company had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.76 billion. During the same quarter in the previous year, the company posted $7.77 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that BlackRock, Inc. will post 39.43 EPS for the current year.

BLK has been the subject of a number of research reports. Exane BNP Paribas cut BlackRock from an “outperform” rating to a “neutral” rating and set a $725.00 target price for the company. in a report on Tuesday, March 8th. StockNews.com assumed coverage on BlackRock in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded BlackRock from a “sell” rating to a “hold” rating and set a $808.00 price target for the company in a report on Monday, April 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of BlackRock from $905.00 to $747.00 in a report on Thursday. Finally, Jefferies Financial Group began coverage on BlackRock in a research note on Wednesday, April 13th. They issued a “buy” rating and a $873.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $869.47.

BlackRock Company Profile (Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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