Bryn Mawr Capital Management LLC Has $8.10 Million Stake in BlackRock, Inc. (NYSE:BLK)

Bryn Mawr Capital Management LLC decreased its position in BlackRock, Inc. (NYSE:BLK) by 27.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,975 shares of the asset manager’s stock after selling 3,766 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in BlackRock were worth $8,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley grew its position in shares of BlackRock by 3.2% in the third quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager’s stock valued at $2,178,048,000 after purchasing an additional 104,844 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in BlackRock by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,329,550 shares of the asset manager’s stock worth $2,148,586,000 after buying an additional 35,161 shares in the last quarter. FMR LLC grew its position 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 buying an additional 379,631 shares in the last quarter. Wellington Management Group LLP grew its position in BlackRock by 21.4% during the third quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock worth $1,128,544,000 after buying an additional 307,516 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in BlackRock by 5.0% during the third quarter. Ameriprise Financial Inc. now owns 1,568,890 shares of the asset manager’s stock worth $1,014,287,000 after buying an additional 74,974 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Up 0.7 %

Shares of BLK opened at $762.83 on Friday. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00. The stock has a market capitalization of $113.62 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.57 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48. The stock has a fifty day moving average of $802.08 and a 200-day moving average of $760.15.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 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 company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the prior year, the company earned $7.93 EPS. BlackRock’s revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that BlackRock, Inc. will post 41.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 3,418 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $781.11, for a total transaction of $2,669,833.98. Following the completion of the transaction, the director now directly owns 70,378 shares of the company’s stock, valued at approximately $54,972,959.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other BlackRock news, CFO Martin Small sold 7,036 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $786.36, for a total transaction of $5,532,828.96. Following the completion of the sale, the chief financial officer now directly owns 5,259 shares in the company, valued at approximately $4,135,467.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J. Richard Kushel sold 3,418 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $781.11, for a total value of $2,669,833.98. Following the sale, the director now owns 70,378 shares of the company’s stock, valued at $54,972,959.58. The disclosure for this sale can be found here. Insiders sold a total of 82,511 shares of company stock valued at $66,778,367 in the last three months. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BLK shares. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Morgan Stanley increased their price target on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. increased their price target on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. UBS Group upped their target price on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, TD Cowen upgraded BlackRock from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $819.00 to $938.00 in a research note on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus target price of $845.42.

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.