Captrust Financial Advisors Boosts Stock Position in BlackRock, Inc. (NYSE:BLK)

Captrust Financial Advisors raised its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 21.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,037 shares of the asset manager’s stock after purchasing an additional 1,397 shares during the period. Captrust Financial Advisors’ holdings in BlackRock were worth $8,239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CWA Asset Management Group LLC lifted its stake in shares of BlackRock by 5.5% in the 4th quarter. CWA Asset Management Group LLC now owns 533 shares of the asset manager’s stock valued at $547,000 after purchasing an additional 28 shares during the period. Douglas Lane & Associates LLC lifted its position in BlackRock by 6.1% during the fourth quarter. Douglas Lane & Associates LLC now owns 400 shares of the asset manager’s stock valued at $410,000 after buying an additional 23 shares during the period. ORG Partners LLC boosted its holdings in shares of BlackRock by 156.6% during the 4th quarter. ORG Partners LLC now owns 213 shares of the asset manager’s stock valued at $219,000 after buying an additional 130 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of BlackRock by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,122 shares of the asset manager’s stock worth $30,502,000 after acquiring an additional 177 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in BlackRock by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,052 shares of the asset manager’s stock valued at $3,129,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

BLK stock opened at $928.36 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock, Inc. has a 1 year low of $752.30 and a 1 year high of $1,084.22. The company has a market cap of $144.13 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. The stock’s fifty day moving average price is $913.56 and its 200-day moving average price is $979.04.

BlackRock (NYSE:BLK) last announced its earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.84 by $0.46. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same period last year, the firm posted $9.81 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of BlackRock from $1,046.00 to $988.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. UBS Group lowered their price objective on BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft raised their price target on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Barclays increased their price objective on shares of BlackRock from $950.00 to $990.00 and gave the company an “overweight” rating in a research report on Monday, April 14th. Finally, Citigroup decreased their target price on shares of BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating for the company in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,077.08.

Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 10,000 shares of the company’s stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $912.50, for a total value of $9,125,000.00. Following the completion of the sale, the director now directly owns 66,034 shares in the company, valued at $60,256,025. This represents a 13.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders have sold 12,430 shares of company stock worth $11,237,249. Company insiders own 1.98% of the company’s stock.

About BlackRock

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.