Duncker Streett & Co. Inc. Sells 31 Shares of BlackRock, Inc. (NYSE:BLK)

Duncker Streett & Co. Inc. trimmed its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 5.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 507 shares of the asset manager’s stock after selling 31 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in BlackRock were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLK. Morgan Stanley lifted its holdings in shares of BlackRock by 3.2% in the 3rd quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager’s stock worth $2,178,048,000 after purchasing an additional 104,844 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in BlackRock by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,329,550 shares of the asset manager’s stock valued at $2,148,586,000 after buying an additional 35,161 shares during the last quarter. FMR LLC increased its position in shares of BlackRock by 22.0% during the 3rd quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock valued at $1,361,064,000 after purchasing an additional 379,631 shares during the last quarter. Northern Trust Corp increased its position in shares of BlackRock by 0.8% during the 1st quarter. Northern Trust Corp now owns 1,915,197 shares of the asset manager’s stock valued at $1,463,536,000 after purchasing an additional 15,290 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of BlackRock by 21.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock valued at $1,128,544,000 after purchasing an additional 307,516 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insider Activity at BlackRock

In related news, Director Stephen Cohen sold 950 shares of BlackRock stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $805.55, for a total transaction of $765,272.50. Following the sale, the director now directly owns 4,437 shares in the company, valued at $3,574,225.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other BlackRock news, insider Marc D. Comerchero sold 450 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the sale, the insider now directly owns 5,975 shares of the company’s stock, valued at $4,691,032.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen Cohen sold 950 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $805.55, for a total value of $765,272.50. Following the completion of the transaction, the director now owns 4,437 shares of the company’s stock, valued at approximately $3,574,225.35. The disclosure for this sale can be found here. Insiders have sold 100,511 shares of company stock worth $71,864,028 over the last ninety days. 0.90% of the stock is owned by corporate insiders.

BlackRock Trading Down 1.7 %

Shares of BLK traded down $13.32 during mid-day trading on Wednesday, hitting $749.67. 663,071 shares of the company’s stock traded hands, compared to its average volume of 632,296. 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 capitalization of $111.66 billion, a P/E ratio of 19.03, a PEG ratio of 1.53 and a beta of 1.37. The business’s 50-day moving average price is $807.70 and its 200-day moving average price is $755.20.

BlackRock (NYSE:BLK) last posted its 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 return on equity of 15.34% and a net margin of 32.26%. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the firm earned $7.93 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts forecast that BlackRock, Inc. will post 41.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their target price on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research report on Monday. 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 note on Tuesday, April 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. UBS Group increased their price target 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 increased their price target for the stock from $819.00 to $938.00 in a research note on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $811.43.

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.