Donaldson Capital Management LLC Trims Stock Position in BlackRock, Inc. (NYSE:BLK)

Donaldson Capital Management LLC lowered its position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,292 shares of the asset manager's stock after selling 1,556 shares during the quarter. BlackRock accounts for 1.9% of Donaldson Capital Management LLC's holdings, making the stock its 23rd biggest position. Donaldson Capital Management LLC's holdings in BlackRock were worth $42,451,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Morgan Stanley lifted its holdings in BlackRock by 3.2% during the 3rd quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager's stock valued at $2,178,048,000 after purchasing an additional 104,844 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in BlackRock by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,329,550 shares of the asset manager's stock valued at $2,148,586,000 after purchasing an additional 35,161 shares during the last quarter. FMR LLC lifted its holdings in BlackRock by 22.0% during the 3rd quarter. FMR LLC now owns 2,105,314 shares of the asset manager's stock valued at $1,361,064,000 after purchasing an additional 379,631 shares during the last quarter. Northern Trust Corp lifted its holdings in BlackRock by 0.8% during the 1st quarter. Northern Trust Corp now owns 1,915,197 shares of the asset manager's stock valued at $1,463,536,000 after purchasing an additional 15,290 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in BlackRock by 21.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager's stock valued at $1,128,544,000 after purchasing an additional 307,516 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

Analyst Ratings Changes

BLK has been the subject of a number of research reports. Morgan Stanley lifted their target price on BlackRock from $1,013.00 to $1,025.00 and gave the stock an "overweight" rating in a report on Monday. UBS Group lifted their target price on BlackRock from $818.00 to $850.00 and gave the stock a "neutral" rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on BlackRock from $742.00 to $767.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $930.00 target price (up previously from $918.00) on shares of BlackRock in a report on Friday, April 5th. Finally, TD Cowen raised BlackRock from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $819.00 to $938.00 in a report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, BlackRock has a consensus rating of "Moderate Buy" and a consensus price target of $811.43.

BlackRock Price Performance

BLK stock traded down $0.41 during midday trading on Monday, reaching $762.99. The company had a trading volume of 932,311 shares, compared to its average volume of 627,516. The company has a market capitalization of $113.64 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.37. The stock has a 50 day moving average price of $808.48 and a 200-day moving average price of $754.48. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $845.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48.

BlackRock (NYSE:BLK - Get Free Report) last released its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.42 by $0.39. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The firm had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.65 billion. During the same quarter in the previous year, the business posted $7.93 earnings per share. The business's revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts expect that BlackRock, Inc. will post 41.35 earnings per share for the current year.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director Rachel Lord sold 36,059 shares of BlackRock stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $818.06, for a total value of $29,498,425.54. Following the transaction, the director now owns 17,004 shares in the company, valued at $13,910,292.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Rachel Lord sold 36,059 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the sale, the director now directly owns 17,004 shares in the company, valued at $13,910,292.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Laurence Fink sold 30,978 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total value of $25,089,701.76. Following the sale, the chief executive officer now owns 414,146 shares in the company, valued at $335,425,128.32. The disclosure for this sale can be found here. Insiders have sold a total of 100,511 shares of company stock worth $71,864,028 over the last 90 days. Insiders own 0.90% of the company's stock.

About BlackRock

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.