California State Teachers Retirement System Has $236.36 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

California State Teachers Retirement System reduced its stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,569 shares of the asset manager's stock after selling 7,900 shares during the quarter. California State Teachers Retirement System owned about 0.15% of BlackRock worth $236,359,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its position in shares of BlackRock by 20.6% during the fourth quarter. Northern Trust Corp now owns 1,591,716 shares of the asset manager's stock worth $1,631,684,000 after buying an additional 272,176 shares during the period. The Manufacturers Life Insurance Company boosted its position in BlackRock by 4.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 89,379 shares of the asset manager's stock worth $91,623,000 after acquiring an additional 3,769 shares during the period. Bellwether Advisors LLC bought a new position in shares of BlackRock in the fourth quarter worth $221,000. Beacon Pointe Advisors LLC acquired a new position in shares of BlackRock during the fourth quarter valued at $2,807,000. Finally, Whalerock Point Partners LLC raised its stake in shares of BlackRock by 20.8% during the fourth quarter. Whalerock Point Partners LLC now owns 337 shares of the asset manager's stock valued at $345,000 after purchasing an additional 58 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BlackRock

In related news, Director J. Richard Kushel sold 2,000 shares of BlackRock stock in a transaction on Monday, April 21st. The stock was sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the completion of the sale, the director now owns 66,034 shares of the company's stock, valued at approximately $56,261,628.34. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 12,430 shares of company stock valued at $11,237,249. Corporate insiders own 1.98% of the company's stock.

Analyst Upgrades and Downgrades

BLK has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group lowered their price objective on shares of BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Citigroup decreased their price target on BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company dropped their price objective on BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com initiated coverage on BlackRock in a research note on Wednesday. They set a "hold" rating for the company. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,077.08.

BlackRock Trading Up 1.3 %

BlackRock stock traded up $12.33 during midday trading on Friday, reaching $928.47. The stock had a trading volume of 822,497 shares, compared to its average volume of 687,353. BlackRock, Inc. has a twelve month low of $752.30 and a twelve month high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The firm has a market cap of $144.15 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.90 and a beta of 1.38. The firm's fifty day simple moving average is $916.68 and its two-hundred day simple moving average is $981.38.

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