EULAV Asset Management raised its position in BlackRock (NYSE:BLK) by 14.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 8,000 shares of the asset manager’s stock after buying an additional 1,000 shares during the quarter. EULAV Asset Management’s holdings in BlackRock were worth $4,334,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Princeton Capital Management LLC purchased a new stake in shares of BlackRock during the 1st quarter valued at $115,000. Bray Capital Advisors purchased a new stake in shares of BlackRock during the 1st quarter valued at $128,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of BlackRock during the 1st quarter valued at $139,000. Assetmark Inc. raised its position in shares of BlackRock by 57.1% during the 4th quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock valued at $143,000 after buying an additional 101 shares in the last quarter. Finally, Oakworth Capital Inc. raised its position in shares of BlackRock by 67.6% during the 4th quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock valued at $153,000 after buying an additional 123 shares in the last quarter. 84.44% of the stock is owned by hedge funds and other institutional investors.
In related news, COO Robert L. Goldstein sold 5,000 shares of BlackRock stock in a transaction on Monday, February 26th. The shares were sold at an average price of $558.00, for a total value of $2,790,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeff A. Smith sold 500 shares of the business’s stock in a transaction dated Tuesday, April 24th. The shares were sold at an average price of $515.84, for a total transaction of $257,920.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,686 shares of company stock worth $8,573,450. 1.86% of the stock is owned by corporate insiders.
Several analysts have recently weighed in on the stock. Credit Suisse Group raised their price objective on shares of BlackRock from $678.00 to $682.00 and gave the company an “outperform” rating in a research report on Friday, April 13th. JPMorgan Chase restated an “overweight” rating and set a $640.00 price objective on shares of BlackRock in a research report on Wednesday, March 14th. Deutsche Bank lowered their price objective on shares of BlackRock from $623.00 to $614.00 and set a “buy” rating on the stock in a research report on Friday, April 6th. Zacks Investment Research upgraded shares of BlackRock from a “sell” rating to a “hold” rating in a research report on Thursday, March 29th. Finally, Citigroup cut shares of BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 price objective on the stock. in a research report on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $566.62.
Shares of BlackRock opened at $535.58 on Friday, Marketbeat Ratings reports. The firm has a market capitalization of $86.10 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.61 and a beta of 1.67. BlackRock has a 52 week low of $530.37 and a 52 week high of $536.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.96 and a current ratio of 3.96.
BlackRock (NYSE:BLK) last issued its earnings results on Thursday, April 12th. The asset manager reported $6.70 EPS for the quarter, topping analysts’ consensus estimates of $6.39 by $0.31. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. BlackRock had a net margin of 39.22% and a return on equity of 12.76%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $5.25 EPS. equities analysts forecast that BlackRock will post 28.06 earnings per share for the current fiscal year.
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.
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