Cwm LLC Has $7.88 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Cwm LLC reduced its holdings in BlackRock, Inc. (NYSE:BLK) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,709 shares of the asset manager’s stock after selling 120 shares during the quarter. Cwm LLC’s holdings in BlackRock were worth $7,882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Criterion Capital Advisors LLC acquired a new position in BlackRock during the 4th quarter worth $60,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in BlackRock by 1.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,663 shares of the asset manager’s stock worth $12,715,000 after buying an additional 251 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in BlackRock during the 4th quarter worth $439,000. Nicholas Hoffman & Company LLC. raised its position in shares of BlackRock by 2.4% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 691 shares of the asset manager’s stock valued at $561,000 after acquiring an additional 16 shares during the last quarter. Finally, CRA Financial Services LLC raised its position in shares of BlackRock by 7.5% during the 4th quarter. CRA Financial Services LLC now owns 414 shares of the asset manager’s stock valued at $336,000 after acquiring an additional 29 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BlackRock news, Director Rachel Lord sold 36,059 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the completion of the transaction, the director now owns 17,004 shares in the company, valued at approximately $13,910,292.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Rachel Lord sold 36,059 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the completion of the transaction, the director now directly owns 17,004 shares in the company, valued at approximately $13,910,292.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Laurence Fink sold 30,978 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 82,511 shares of company stock worth $66,778,367. Corporate insiders own 0.90% of the company’s stock.

BlackRock Price Performance

BLK stock opened at $760.05 on Tuesday. The stock has a 50-day moving average price of $804.19 and a two-hundred day moving average price of $758.48. The stock has a market cap of $113.20 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $845.00.

BlackRock (NYSE:BLK) last released its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.93 EPS. Equities analysts forecast that BlackRock, Inc. will post 41.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on BLK shares. UBS Group upped their target price on shares of BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and upped their target price for the company from $819.00 to $938.00 in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $930.00 target price (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. JPMorgan Chase & Co. upped their target price 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. Finally, Morgan Stanley upped their target price on shares of BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and a consensus price target of $845.42.

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.