Brown Advisory Inc. Makes New $67.97 Million Investment in BlackRock, Inc. (NYSE:BLK)

Brown Advisory Inc. purchased a new stake in BlackRock, Inc. (NYSE:BLK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 66,301 shares of the asset manager's stock, valued at approximately $67,965,000.

A number of other large investors have also recently modified their holdings of the business. IAG Wealth Partners LLC bought a new position in shares of BlackRock in the 4th quarter worth $26,000. Collier Financial purchased a new stake in BlackRock during the fourth quarter valued at about $32,000. Compass Planning Associates Inc bought a new position in shares of BlackRock during the 4th quarter valued at about $33,000. Atwood & Palmer Inc. bought a new stake in BlackRock in the 4th quarter worth approximately $36,000. Finally, West Financial Advisors LLC purchased a new stake in BlackRock in the fourth quarter worth approximately $39,000. Institutional investors own 80.69% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BLK. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Barclays increased their target price on BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a report on Monday, April 14th. Morgan Stanley lowered their price objective on BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Citigroup cut their target price on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, TD Cowen lowered their price target on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,077.08.

Insider Activity at BlackRock

In other news, Director J. Richard Kushel sold 430 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were 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 in the company, valued at $3,531,656.40. This represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 12,430 shares of company stock valued at $11,237,249. 1.98% of the stock is owned by insiders.

BlackRock Stock Down 0.6 %

Shares of NYSE BLK traded down $5.16 during mid-day trading on Friday, hitting $923.48. 669,477 shares of the stock traded hands, compared to its average volume of 685,710. The stock has a fifty day moving average price of $913.56 and a 200-day moving average price of $979.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The company has a market cap of $143.37 billion, a price-to-earnings 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.

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