Opus Capital Group LLC decreased its holdings in BlackRock, Inc. (NYSE:BLK) by 15.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,217 shares of the asset manager’s stock after selling 220 shares during the period. Opus Capital Group LLC’s holdings in BlackRock were worth $918,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. IHT Wealth Management LLC raised its position in BlackRock by 50.7% during the third quarter. IHT Wealth Management LLC now owns 657 shares of the asset manager’s stock valued at $370,000 after acquiring an additional 221 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in BlackRock during the third quarter worth $56,000. Mercer Global Advisors Inc. ADV boosted its stake in BlackRock by 11.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 3,342 shares of the asset manager’s stock worth $1,883,000 after buying an additional 353 shares during the last quarter. Woodstock Corp purchased a new stake in BlackRock in the fourth quarter valued at $275,000. Finally, Carroll Financial Associates Inc. raised its position in BlackRock by 34.9% in the fourth quarter. Carroll Financial Associates Inc. now owns 85 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 22 shares during the period. 79.10% of the stock is currently owned by institutional investors.
BLK has been the topic of a number of research analyst reports. Barclays lifted their target price on BlackRock from $850.00 to $925.00 and gave the company an “overweight” rating in a research report on Thursday, April 22nd. Credit Suisse Group upped their target price on BlackRock from $949.00 to $984.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on BlackRock from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, April 22nd. BMO Capital Markets increased their price objective on BlackRock from $709.00 to $715.00 and gave the stock a “market perform” rating in a research report on Friday, January 15th. Finally, The Goldman Sachs Group increased their price objective on BlackRock from $840.00 to $940.00 in a research report on Thursday, April 15th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $858.23.
BlackRock stock traded down $4.75 during mid-day trading on Tuesday, hitting $820.87. 2,081 shares of the company were exchanged, compared to its average volume of 661,901. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.01 and a quick ratio of 1.02. The business’s 50 day simple moving average is $778.84 and its two-hundred day simple moving average is $718.66. The company has a market capitalization of $125.29 billion, a P/E ratio of 25.89, a PEG ratio of 1.88 and a beta of 1.16. BlackRock, Inc. has a 12-month low of $451.35 and a 12-month high of $832.40.
BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, April 14th. The asset manager reported $7.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.64 by $0.13. BlackRock had a return on equity of 15.74% and a net margin of 30.43%. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the firm earned $6.60 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Equities research analysts predict that BlackRock, Inc. will post 36.68 earnings per share for the current year.
BlackRock, Inc engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments. The company was founded by Ralph L.
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