Mogy Joel R Investment Counsel Inc. Sells 165 Shares of BlackRock, Inc. (NYSE:BLK)

Mogy Joel R Investment Counsel Inc. lessened its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,478 shares of the asset manager’s stock after selling 165 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in BlackRock were worth $11,753,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Tennessee Valley Asset Management Partners bought a new position in BlackRock in the 4th quarter worth about $27,000. LFA Lugano Financial Advisors SA boosted its stake in BlackRock by 208.3% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock worth $30,000 after purchasing an additional 25 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in BlackRock in the 4th quarter worth about $32,000. FSC Wealth Advisors LLC bought a new position in BlackRock in the 4th quarter worth about $40,000. Finally, Blue Bell Private Wealth Management LLC boosted its stake in BlackRock by 96.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 49 shares of the asset manager’s stock worth $40,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Morgan Stanley boosted their target price on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $930.00 target price (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Finally, UBS Group boosted their target price on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $845.42.

BlackRock Price Performance

BLK stock traded up $5.23 during midday trading on Friday, hitting $762.88. The company’s stock had a trading volume of 447,939 shares, compared to its average volume of 683,111. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $845.00. 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 firm has a market capitalization of $113.62 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a 50 day moving average of $802.08 and a two-hundred day moving average of $760.15.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the company earned $7.93 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, analysts expect that BlackRock, Inc. will post 41.19 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total value of $25,089,701.76. Following the completion of the transaction, the chief executive officer now owns 414,146 shares of the company’s stock, valued at approximately $335,425,128.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Rachel Lord sold 36,059 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the transaction, the director now owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total value of $25,089,701.76. Following the transaction, the chief executive officer now directly owns 414,146 shares in the company, valued at approximately $335,425,128.32. The disclosure for this sale can be found here. Insiders sold 82,511 shares of company stock valued at $66,778,367 in the last three months. Corporate insiders own 0.90% of the company’s stock.

BlackRock Company 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.