Keel Point LLC Has $477,000 Stake in BlackRock, Inc. (NYSE:BLK)

Keel Point LLC lifted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 587 shares of the asset manager’s stock after purchasing an additional 76 shares during the period. Keel Point LLC’s holdings in BlackRock were worth $477,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at BlackRock

In other news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Laurence Fink sold 30,978 shares of BlackRock 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 completion of the sale, the chief executive officer now owns 414,146 shares of the company’s stock, valued at approximately $335,425,128.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rachel Lord sold 36,059 shares of BlackRock stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $818.06, for a total value of $29,498,425.54. Following the completion of the sale, the director now directly owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The disclosure for this sale can be found here. Insiders have sold 100,511 shares of company stock worth $71,864,028 in the last ninety days. Company insiders own 0.90% of the company’s stock.

BlackRock Stock Down 0.1 %

NYSE:BLK opened at $762.99 on Tuesday. The company has a market cap of $113.64 billion, a PE ratio of 19.39, a P/E/G ratio of 1.65 and a beta of 1.37. BlackRock, Inc. has a one year low of $596.18 and a one year high of $845.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48. The firm’s 50 day simple moving average is $808.48 and its 200 day simple moving average is $754.48.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.42 by $0.39. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter last year, the firm posted $7.93 EPS. BlackRock’s revenue was up 11.4% compared to the same quarter last year. On average, research analysts anticipate that BlackRock, Inc. will post 41.35 earnings per share for the current year.

About BlackRock

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.