Wynn Capital LLC acquired a new stake in BlackRock, Inc. (NYSE:BLK – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,432 shares of the asset manager’s stock, valued at approximately $1,162,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners acquired a new position in shares of BlackRock during the 4th quarter worth $27,000. LFA Lugano Financial Advisors SA raised its holdings in shares of BlackRock by 208.3% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock worth $30,000 after buying an additional 25 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of BlackRock during the 4th quarter worth $32,000. FSC Wealth Advisors LLC acquired a new position in shares of BlackRock during the 4th quarter worth $40,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of BlackRock by 96.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 49 shares of the asset manager’s stock worth $40,000 after buying an additional 24 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.
BlackRock Stock Down 0.5 %
NYSE:BLK traded down $4.11 on Wednesday, hitting $762.51. The stock had a trading volume of 751,160 shares, compared to its average volume of 629,645. The business’s fifty day moving average is $803.96 and its 200 day moving average is $759.31. The company has a market cap of $113.57 billion, a PE ratio of 19.35, a P/E/G ratio of 1.57 and a beta of 1.37. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00.
Analyst Upgrades and Downgrades
BLK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a report on Friday, April 5th. JPMorgan Chase & Co. upped their target price on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. UBS Group upped their target price on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $819.00 to $938.00 in a report on Tuesday, January 16th. Finally, Morgan Stanley upped their target price on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $845.42.
Get Our Latest Report on BlackRock
Insiders Place Their Bets
In other news, Director J. Richard Kushel sold 3,418 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $781.11, for a total value of $2,669,833.98. Following the completion of the sale, the director now directly owns 70,378 shares of the company’s stock, valued at $54,972,959.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director J. Richard Kushel sold 3,418 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $781.11, for a total value of $2,669,833.98. Following the completion of the sale, the director now directly owns 70,378 shares of the company’s stock, valued at $54,972,959.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Martin Small sold 7,036 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $786.36, for a total value of $5,532,828.96. Following the completion of the sale, the chief financial officer now directly owns 5,259 shares of the company’s stock, valued at $4,135,467.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,511 shares of company stock worth $66,778,367. 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.
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