Sfmg LLC Buys 106 Shares of BlackRock, Inc. (NYSE:BLK)

Sfmg LLC boosted its stake in BlackRock, Inc. (NYSE:BLK) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,774 shares of the asset manager’s stock after acquiring an additional 106 shares during the period. Sfmg LLC’s holdings in BlackRock were worth $3,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BLK. Norges Bank acquired a new stake in BlackRock during the fourth quarter worth approximately $1,037,009,000. Moneta Group Investment Advisors LLC increased its stake in shares of BlackRock by 104,159.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 697,499 shares of the asset manager’s stock valued at $494,269,000 after acquiring an additional 696,830 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of BlackRock by 77,524.5% during the 4th quarter. International Assets Investment Management LLC now owns 641,955 shares of the asset manager’s stock valued at $5,211,390,000 after acquiring an additional 641,128 shares during the period. FMR LLC boosted its stake in BlackRock by 22.0% during the third quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock worth $1,361,064,000 after acquiring an additional 379,631 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in BlackRock by 84.4% in the third quarter. Invesco Ltd. now owns 744,770 shares of the asset manager’s stock worth $481,486,000 after purchasing an additional 340,792 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Performance

BLK traded down $13.32 during trading on Wednesday, hitting $749.67. 663,071 shares of the company traded hands, compared to its average volume of 632,296. BlackRock, Inc. has a one year low of $596.18 and a one year high of $845.00. The stock’s fifty day moving average is $807.70 and its 200 day moving average is $755.20. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. The firm has a market cap of $111.66 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37.

BlackRock (NYSE:BLK) last released its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the firm earned $7.93 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts predict that BlackRock, Inc. will post 41.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BLK shares. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $819.00 to $938.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. increased their target price on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Morgan Stanley boosted their price target on shares of BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $930.00 price objective (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Finally, UBS Group boosted their target price on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $811.43.

Insider Activity

In other BlackRock news, General Counsel Christopher J. Meade sold 18,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $282.54, for a total transaction of $5,085,660.60. Following the completion of the transaction, the general counsel now owns 11,914 shares in the company, valued at $3,366,142.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel Christopher J. Meade sold 18,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $282.54, for a total value of $5,085,660.60. Following the completion of the transaction, the general counsel now directly owns 11,914 shares of the company’s stock, valued at $3,366,142.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Laurence Fink sold 30,978 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total value of $25,089,701.76. Following the sale, the chief executive officer now directly owns 414,146 shares in the company, valued at approximately $335,425,128.32. The disclosure for this sale can be found here. Insiders have sold 100,511 shares of company stock valued at $71,864,028 in the last 90 days. Insiders own 0.90% of the company’s stock.

BlackRock Company 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.