Delta Financial Advisors LLC Has $3.09 Million Stock Position in BlackRock, Inc. (NYSE:BLK)

Delta Financial Advisors LLC decreased its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,807 shares of the asset manager’s stock after selling 25 shares during the quarter. BlackRock makes up about 1.3% of Delta Financial Advisors LLC’s holdings, making the stock its 18th biggest position. Delta Financial Advisors LLC’s holdings in BlackRock were worth $3,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley grew its stake in BlackRock by 3.2% in the 3rd quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager’s stock valued at $2,178,048,000 after buying an additional 104,844 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 purchasing an additional 35,161 shares during the period. FMR LLC boosted its holdings in BlackRock by 22.0% in 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 period. Northern Trust Corp boosted its holdings in BlackRock by 0.8% in 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 period. Finally, Wellington Management Group LLP boosted its holdings in BlackRock by 21.4% in 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 period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Price Performance

Shares of NYSE:BLK traded up $4.89 during midday trading on Thursday, reaching $758.68. 162,592 shares of the company’s stock were exchanged, compared to its average volume of 621,077. The firm has a market capitalization of $113.00 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.55 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 company’s 50 day simple moving average is $806.88 and its two-hundred day simple moving average is $755.19. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $845.00.

BlackRock (NYSE:BLK) last announced its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $7.93 EPS. Equities research analysts expect that BlackRock, Inc. will post 41.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on BLK shares. 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 report on Monday. 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 report on Friday, April 12th. TD Cowen raised shares of BlackRock from a “market perform” rating to an “outperform” rating and increased their price target for the company from $819.00 to $938.00 in a report on Tuesday, January 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $930.00 price target (up from $918.00) on shares of BlackRock in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and an average target price of $845.42.

Insider Buying and Selling

In related 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 sale, the general counsel now owns 11,914 shares in the company, valued at approximately $3,366,142.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other BlackRock news, Director Stephen Cohen sold 950 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $805.55, for a total value of $765,272.50. Following the completion of the sale, the director now owns 4,437 shares in the company, valued at approximately $3,574,225.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Christopher J. Meade sold 18,000 shares of the firm’s 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 sale, the general counsel now owns 11,914 shares of the company’s stock, valued at approximately $3,366,142.24. The disclosure for this sale can be found here. Insiders sold 100,511 shares of company stock worth $71,864,028 in the last quarter. 0.90% of the stock is owned by corporate insiders.

BlackRock 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.