LSV Asset Management Purchases Shares of 300 BlackRock, Inc. (NYSE:BLK)

LSV Asset Management acquired a new stake in BlackRock, Inc. (NYSE:BLK) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 300 shares of the asset manager’s stock, valued at approximately $226,000.

Several other institutional investors have also bought and sold shares of the company. Atlas Brown Inc. increased its position in shares of BlackRock by 1.4% in the first quarter. Atlas Brown Inc. now owns 941 shares of the asset manager’s stock valued at $709,000 after buying an additional 13 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of BlackRock by 1.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 1,246 shares of the asset manager’s stock valued at $939,000 after buying an additional 13 shares in the last quarter. Kanawha Capital Management LLC increased its position in shares of BlackRock by 0.8% in the first quarter. Kanawha Capital Management LLC now owns 1,806 shares of the asset manager’s stock valued at $1,362,000 after buying an additional 14 shares in the last quarter. Weaver Consulting Group increased its position in shares of BlackRock by 4.7% in the fourth quarter. Weaver Consulting Group now owns 336 shares of the asset manager’s stock valued at $242,000 after buying an additional 15 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of BlackRock by 3.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 469 shares of the asset manager’s stock valued at $339,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 79.10% of the company’s stock.

In other news, insider Marc D. Comerchero sold 600 shares of the company’s stock in a transaction on Friday, April 16th. The stock was sold at an average price of $808.38, for a total value of $485,028.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark Wiedman sold 1,725 shares of the company’s stock in a transaction on Friday, April 16th. The shares were sold at an average price of $812.53, for a total value of $1,401,614.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,409 shares of company stock worth $32,875,775. Corporate insiders own 1.42% of the company’s stock.

Several brokerages recently commented on BLK. Barclays boosted their price target on BlackRock from $850.00 to $925.00 and gave the stock an “overweight” rating in a research report on Thursday, April 22nd. Morgan Stanley boosted their price target on BlackRock from $924.00 to $944.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 20th. Argus boosted their price target on BlackRock from $845.00 to $915.00 and gave the stock a “buy” rating in a research report on Thursday, April 22nd. The Goldman Sachs Group boosted their price target on BlackRock from $840.00 to $940.00 in a research report on Thursday, April 15th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on BlackRock from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, April 22nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $886.08.

Shares of NYSE:BLK opened at $856.87 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $806.76 and a two-hundred day moving average of $730.21. The stock has a market cap of $130.69 billion, a P/E ratio of 26.87, a PEG ratio of 1.88 and a beta of 1.16. BlackRock, Inc. has a 52-week low of $490.52 and a 52-week high of $880.80.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, April 14th. The asset manager reported $7.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $7.64 by $0.13. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.29 billion. BlackRock had a return on equity of 15.74% and a net margin of 30.43%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned $6.60 EPS. On average, equities analysts anticipate that BlackRock, Inc. will post 36.68 earnings per share for the current year.

About BlackRock

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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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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