BlackRock, Inc. (NYSE:BLK) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 423,862 shares of the asset manager's stock after acquiring an additional 42,939 shares during the quarter. Deutsche Bank AG owned about 0.27% of BlackRock worth $434,505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. IAG Wealth Partners LLC purchased a new stake in shares of BlackRock in the 4th quarter worth $26,000. Collier Financial purchased a new stake in shares of BlackRock in the 4th quarter worth $32,000. Compass Planning Associates Inc purchased a new stake in shares of BlackRock in the 4th quarter worth $33,000. Atwood & Palmer Inc. bought a new position in BlackRock during the 4th quarter worth about $36,000. Finally, West Financial Advisors LLC bought a new position in BlackRock during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on BLK. Morgan Stanley decreased their price objective on BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Bank of America reduced their price objective on BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. StockNews.com initiated coverage on BlackRock in a report on Thursday. They set a "hold" rating on the stock. UBS Group dropped their price objective on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,077.08.

BlackRock Price Performance

Shares of NYSE:BLK traded down $5.16 during trading on Friday, reaching $923.48. The stock had a trading volume of 684,779 shares, compared to its average volume of 686,149. 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 business has a fifty day moving average price of $913.01 and a 200-day moving average price of $978.40. The stock has a market cap of $143.37 billion, a PE ratio of 21.99, a PEG ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a 1-year low of $752.30 and a 1-year high of $1,084.22.

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

Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the business's 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 transaction, the director now owns 66,034 shares of the company's stock, valued at approximately $56,261,628.34. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 12,430 shares of company stock valued at $11,237,249. Insiders own 1.98% of the company's stock.

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.