Fairview Capital Investment Management LLC Makes New $319,000 Investment in BlackRock, Inc. (NYSE:BLK)

Fairview Capital Investment Management LLC purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 311 shares of the asset manager's stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Amalgamated Bank grew its position in BlackRock by 1.7% during the 4th quarter. Amalgamated Bank now owns 28,711 shares of the asset manager's stock worth $29,432,000 after acquiring an additional 489 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in BlackRock by 4.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,480 shares of the asset manager's stock valued at $12,793,000 after acquiring an additional 578 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BlackRock by 6.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager's stock worth $67,038,000 after acquiring an additional 4,210 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of BlackRock by 48.2% in the fourth quarter. Artemis Investment Management LLP now owns 39,539 shares of the asset manager's stock worth $40,532,000 after buying an additional 12,864 shares in the last quarter. Finally, E. Ohman J or Asset Management AB purchased a new stake in shares of BlackRock during the 4th quarter valued at $46,284,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

BlackRock Trading Up 0.1%

BlackRock stock traded up $0.95 during trading hours on Tuesday, hitting $958.98. The company had a trading volume of 593,269 shares, compared to its average volume of 687,389. The company has a 50-day moving average price of $912.82 and a two-hundred day moving average price of $978.29. BlackRock, Inc. has a 1 year low of $752.30 and a 1 year high of $1,084.22. The firm has a market cap of $148.88 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.90 and a beta of 1.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BLK shares. Citigroup dropped their target price on BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group lowered their price target on 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. Barclays lifted their price target on shares of BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a research report on Monday, April 14th. Keefe, Bruyette & Woods dropped their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Finally, StockNews.com started coverage on shares of BlackRock in a research note on Thursday, May 8th. They issued a "hold" rating on the stock. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, BlackRock currently has an average rating of "Moderate Buy" and a consensus price target of $1,077.08.

Insider Activity at BlackRock

In other news, Director J. Richard Kushel sold 430 shares of BlackRock stock in a transaction dated 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 in the company, valued at approximately $3,531,656.40. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 12,430 shares of company stock valued at $11,237,249. Corporate 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.