Vaughan David Investments LLC IL Purchases 231 Shares of BlackRock, Inc. (NYSE:BLK)

Vaughan David Investments LLC IL lifted its position in BlackRock, Inc. (NYSE:BLKFree Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,095 shares of the asset manager’s stock after buying an additional 231 shares during the quarter. BlackRock comprises 1.2% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 28th largest holding. Vaughan David Investments LLC IL’s holdings in BlackRock were worth $43,914,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Emerald Advisors LLC grew its stake in shares of BlackRock by 2.5% in the 4th quarter. Emerald Advisors LLC now owns 1,048 shares of the asset manager’s stock valued at $851,000 after buying an additional 26 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in BlackRock by 1.9% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,101 shares of the asset manager’s stock worth $712,000 after purchasing an additional 21 shares during the period. McGlone Suttner Wealth Management Inc. boosted its position in BlackRock by 8.5% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 764 shares of the asset manager’s stock worth $620,000 after purchasing an additional 60 shares during the period. Patten & Patten Inc. TN bought a new stake in BlackRock during the fourth quarter worth approximately $205,000. Finally, Sara Bay Financial bought a new stake in BlackRock during the fourth quarter worth approximately $387,000. Institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BLK shares. JPMorgan Chase & Co. upped their target price on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. UBS Group increased their price objective on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $930.00 price objective (up from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Finally, TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $819.00 to $938.00 in a research report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $798.13.

Get Our Latest Stock Analysis on BlackRock

Insiders Place Their Bets

In other news, insider Marc D. Comerchero sold 450 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $785.11, for a total transaction of $353,299.50. Following the sale, the insider now owns 5,975 shares in the company, valued at $4,691,032.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Marc D. Comerchero sold 450 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $785.11, for a total transaction of $353,299.50. Following the sale, the insider now owns 5,975 shares in the company, valued at $4,691,032.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Christopher J. Meade sold 18,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $282.54, for a total value of $5,085,660.60. Following the sale, the general counsel now owns 11,914 shares in the company, 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 over the last three months. 0.96% of the stock is currently owned by corporate insiders.

BlackRock Price Performance

BlackRock stock traded down $22.85 during mid-day trading on Friday, hitting $763.11. 1,452,891 shares of the company were exchanged, compared to its average volume of 622,981. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $809.38 and a 200 day moving average of $751.41. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $845.00. The company has a market capitalization of $113.66 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.69 and a beta of 1.37.

BlackRock (NYSE:BLKGet Free Report) last released its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.24 by $0.57. BlackRock had a return on equity of 14.74% and a net margin of 30.81%. The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period in the prior year, the company posted $7.93 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, sell-side analysts expect that BlackRock, Inc. will post 41.32 earnings per share for the current year.

BlackRock Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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