Exencial Wealth Advisors LLC Reduces Stake in BlackRock, Inc. (NYSE:BLK)

Exencial Wealth Advisors LLC lowered its holdings in BlackRock, Inc. (NYSE:BLKGet Rating) by 21.4% during the fourth quarter, HoldingsChannel reports. The fund owned 13,352 shares of the asset manager’s stock after selling 3,638 shares during the period. Exencial Wealth Advisors LLC’s holdings in BlackRock were worth $12,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Financial Group LLC purchased a new position in shares of BlackRock in the 4th quarter valued at about $27,000. Sierra Capital LLC purchased a new position in shares of BlackRock in the 4th quarter valued at about $29,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of BlackRock in the 4th quarter valued at about $29,000. Disciplined Investments LLC purchased a new position in shares of BlackRock in the 4th quarter valued at about $30,000. Finally, Delos Wealth Advisors LLC purchased a new position in shares of BlackRock in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 93.81% of the company’s stock.

A number of research firms recently issued reports on BLK. Exane BNP Paribas downgraded BlackRock from an “outperform” rating to a “neutral” rating and set a $725.00 price target on the stock. in a research note on Tuesday, March 8th. Zacks Investment Research upgraded BlackRock from a “sell” rating to a “hold” rating and set a $808.00 price target on the stock in a research note on Monday, April 4th. BMO Capital Markets dropped their price target on BlackRock from $755.00 to $734.00 and set a “market perform” rating on the stock in a research note on Thursday, April 14th. Deutsche Bank Aktiengesellschaft dropped their price target on BlackRock from $950.00 to $905.00 and set a “buy” rating on the stock in a research note on Thursday, April 14th. Finally, Morgan Stanley dropped their price target on BlackRock from $966.00 to $932.00 and set an “overweight” rating on the stock in a research note on Thursday, April 14th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, BlackRock has a consensus rating of “Buy” and a consensus target price of $880.00.

In other news, Director William E. Ford acquired 2,000 shares of BlackRock stock in a transaction that occurred on Monday, April 18th. The stock was purchased at an average cost of $681.44 per share, with a total value of $1,362,880.00. Following the completion of the acquisition, the director now owns 14,915 shares in the company, valued at approximately $10,163,677.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William E. Ford acquired 1,000 shares of BlackRock stock in a transaction that occurred on Thursday, April 14th. The shares were purchased at an average cost of $701.00 per share, with a total value of $701,000.00. Following the completion of the acquisition, the director now owns 12,915 shares of the company’s stock, valued at approximately $9,053,415. The disclosure for this purchase can be found here. 1.06% of the stock is owned by company insiders.

Shares of BLK traded up $14.93 during mid-day trading on Friday, hitting $615.33. The company’s stock had a trading volume of 1,684,430 shares, compared to its average volume of 934,500. The company has a current ratio of 4.33, a quick ratio of 3.02 and a debt-to-equity ratio of 0.39. The firm has a 50-day simple moving average of $696.28 and a 200 day simple moving average of $807.20. The firm has a market capitalization of $93.55 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.87 and a beta of 1.28. BlackRock, Inc. has a 1-year low of $586.05 and a 1-year high of $973.16.

BlackRock (NYSE:BLKGet Rating) last posted its quarterly earnings results on Wednesday, April 13th. The asset manager reported $9.52 EPS for the quarter, beating the consensus estimate of $9.18 by $0.34. The business had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.76 billion. BlackRock had a return on equity of 17.00% and a net margin of 31.20%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $7.77 EPS. As a group, sell-side analysts predict that BlackRock, Inc. will post 39.43 EPS for the current fiscal year.

About BlackRock (Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLKGet Rating).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.