445 Shares in BlackRock, Inc. (NYSE:BLK) Bought by MJP Associates Inc. ADV

MJP Associates Inc. ADV acquired a new position in BlackRock, Inc. (NYSE:BLK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 445 shares of the asset manager's stock, valued at approximately $456,000.

Several other large investors also recently modified their holdings of the company. Lighthouse Investment Partners LLC bought a new stake in shares of BlackRock in the fourth quarter worth $13,710,000. Investment Management Corp of Ontario grew its holdings in BlackRock by 40.6% during the fourth quarter. Investment Management Corp of Ontario now owns 7,014 shares of the asset manager's stock valued at $7,190,000 after purchasing an additional 2,024 shares during the period. Investor s Fiduciary Advisor Network LLC bought a new stake in BlackRock during the fourth quarter valued at about $800,000. Janus Henderson Group PLC grew its holdings in BlackRock by 17.2% during the fourth quarter. Janus Henderson Group PLC now owns 27,841 shares of the asset manager's stock valued at $28,561,000 after purchasing an additional 4,079 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in BlackRock during the fourth quarter valued at about $216,000. Institutional investors own 80.69% of the company's stock.

BlackRock Trading Down 0.6%

BLK opened at $923.48 on Monday. The stock's fifty day moving average is $913.01 and its two-hundred day moving average is $978.40. The company has a market capitalization of $143.37 billion, a P/E ratio of 21.99, a PEG ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a 52 week low of $752.30 and a 52 week high of $1,084.22. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Bank of America cut their price target on BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Barclays increased their price target on BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. Wells Fargo & Company dropped their price target on BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. decreased their price objective on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, TD Cowen decreased their price objective on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,077.08.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 430 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $949.37, for a total transaction of $408,229.10. Following the sale, the director now owns 3,720 shares of the company's stock, valued at approximately $3,531,656.40. This trade represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 12,430 shares of company stock valued at $11,237,249. 1.98% of the stock is currently owned by corporate insiders.

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.

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