Leisure Capital Management Decreases Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Leisure Capital Management decreased its holdings in BlackRock, Inc. (NYSE:BLK) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,535 shares of the asset manager’s stock after selling 295 shares during the quarter. Leisure Capital Management’s holdings in BlackRock were worth $1,246,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Tennessee Valley Asset Management Partners purchased a new position in BlackRock in the 4th quarter worth about $27,000. LFA Lugano Financial Advisors SA raised its position 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 buying an additional 25 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in BlackRock in the 4th quarter worth about $32,000. FSC Wealth Advisors LLC purchased a new stake in shares of BlackRock during the 4th quarter valued at about $40,000. Finally, Blue Bell Private Wealth Management LLC increased its position 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 valued at $40,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at BlackRock

In other BlackRock news, insider Marc D. Comerchero sold 450 shares of the company’s stock in a transaction that occurred 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 directly owns 5,975 shares in the company, valued at $4,691,032.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the transaction, the chief executive officer now owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marc D. Comerchero sold 450 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $785.11, for a total value of $353,299.50. Following the transaction, the insider now directly owns 5,975 shares in the company, valued at approximately $4,691,032.25. The disclosure for this sale can be found here. Insiders have sold a total of 82,511 shares of company stock worth $66,778,367 over the last ninety days. Company insiders own 0.90% of the company’s stock.

BlackRock Price Performance

Shares of NYSE BLK traded up $5.23 during mid-day trading on Friday, hitting $762.88. 447,939 shares of the company’s stock traded hands, compared to its average volume of 683,111. The company has a market capitalization of $113.62 billion, a P/E ratio of 19.39, a PEG ratio of 1.57 and a beta of 1.37. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $845.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48. The company’s 50-day moving average is $802.08 and its two-hundred day moving average is $760.15.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share (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 business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the business posted $7.93 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities analysts anticipate that BlackRock, Inc. will post 41.19 EPS for the current fiscal year.

BlackRock 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.