J.W. Cole Advisors Inc. Acquires 352 Shares of BlackRock, Inc. (NYSE:BLK)

J.W. Cole Advisors Inc. increased its holdings in BlackRock, Inc. (NYSE:BLK) by 62.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 912 shares of the asset manager’s stock after buying an additional 352 shares during the period. J.W. Cole Advisors Inc.’s holdings in BlackRock were worth $741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Morgan Stanley raised its stake in BlackRock by 3.2% in the third quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager’s stock worth $2,178,048,000 after buying an additional 104,844 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in BlackRock by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,329,550 shares of the asset manager’s stock worth $2,148,586,000 after purchasing an additional 35,161 shares during the last quarter. FMR LLC grew its holdings in BlackRock by 22.0% in the third quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock worth $1,361,064,000 after purchasing an additional 379,631 shares during the last quarter. Wellington Management Group LLP grew its holdings in BlackRock by 21.4% in the third quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock worth $1,128,544,000 after purchasing an additional 307,516 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in BlackRock by 5.0% in the third quarter. Ameriprise Financial Inc. now owns 1,568,890 shares of the asset manager’s stock worth $1,014,287,000 after purchasing an additional 74,974 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at BlackRock

In other BlackRock news, Director Stephen Cohen sold 950 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $805.55, for a total value of $765,272.50. Following the sale, the director now directly owns 4,437 shares of the company’s stock, valued at $3,574,225.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other BlackRock news, Director J. Richard Kushel sold 3,418 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $781.11, for a total value of $2,669,833.98. Following the completion of the transaction, the director now owns 70,378 shares in the company, valued at $54,972,959.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen Cohen sold 950 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $805.55, for a total transaction of $765,272.50. Following the completion of the transaction, the director now owns 4,437 shares of the company’s stock, valued at approximately $3,574,225.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,511 shares of company stock valued at $66,778,367. 0.90% of the stock is owned by insiders.

BlackRock Price Performance

NYSE:BLK opened at $760.05 on Tuesday. BlackRock, Inc. has a one year low of $596.18 and a one year high of $845.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48. The firm has a market cap of $113.20 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.55 and a beta of 1.37. The firm’s fifty day moving average is $804.19 and its two-hundred day moving average is $758.48.

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

BlackRock Company 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.