BlackRock, Inc. (NYSE:BLK) Shares Bought by Eagle Global Advisors LLC

Eagle Global Advisors LLC increased its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,266 shares of the asset manager's stock after buying an additional 295 shares during the period. Eagle Global Advisors LLC's holdings in BlackRock were worth $12,574,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. CWA Asset Management Group LLC grew its position in shares of BlackRock by 5.5% during the fourth quarter. CWA Asset Management Group LLC now owns 533 shares of the asset manager's stock valued at $547,000 after purchasing an additional 28 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in BlackRock during the 4th quarter valued at approximately $239,000. Douglas Lane & Associates LLC increased its stake in BlackRock by 6.1% in the 4th quarter. Douglas Lane & Associates LLC now owns 400 shares of the asset manager's stock worth $410,000 after acquiring an additional 23 shares during the last quarter. Michael S. Ryan Inc. raised its holdings in shares of BlackRock by 2.4% during the 4th quarter. Michael S. Ryan Inc. now owns 504 shares of the asset manager's stock worth $517,000 after acquiring an additional 12 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in shares of BlackRock by 156.6% in the fourth quarter. ORG Partners LLC now owns 213 shares of the asset manager's stock valued at $219,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased 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 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 note on Monday, April 7th. Keefe, Bruyette & Woods cut their target price on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Bank of America lowered their price target on BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Citigroup cut their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,077.08.

BlackRock Trading Up 3.6%

BlackRock stock traded up $32.85 during trading hours on Monday, hitting $956.29. The company had a trading volume of 373,555 shares, compared to its average volume of 684,972. 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 firm has a market cap of $148.47 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.90 and a beta of 1.41. The company has a 50-day moving average price of $913.01 and a two-hundred day moving average price of $978.40. 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 released its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 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 company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the business posted $9.81 EPS. BlackRock's quarterly revenue was up 11.6% on a year-over-year basis. On average, sell-side analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current year.

Insider Activity

In other 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 value of $1,704,020.00. Following the transaction, the director now directly owns 66,034 shares in the company, valued at approximately $56,261,628.34. This trade represents a 2.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 12,430 shares of company stock worth $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.