Schonfeld Strategic Advisors LLC Takes Position in BlackRock, Inc. (NYSE:BLK)

Schonfeld Strategic Advisors LLC bought a new position in BlackRock, Inc. (NYSE:BLK - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,500 shares of the asset manager's stock, valued at approximately $2,563,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pensionfund Sabic bought a new stake in BlackRock during the fourth quarter worth about $2,460,000. CWA Asset Management Group LLC lifted its stake in BlackRock by 5.5% in the fourth quarter. CWA Asset Management Group LLC now owns 533 shares of the asset manager's stock worth $547,000 after purchasing an additional 28 shares during the last quarter. Boltwood Capital Management boosted its position in BlackRock by 8.1% during the fourth quarter. Boltwood Capital Management now owns 845 shares of the asset manager's stock valued at $866,000 after buying an additional 63 shares during the period. Neville Rodie & Shaw Inc. increased its stake in BlackRock by 58.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 823 shares of the asset manager's stock worth $844,000 after purchasing an additional 305 shares during the period. Finally, Fortem Financial Group LLC grew its holdings in BlackRock by 6.5% in the 4th quarter. Fortem Financial Group LLC now owns 701 shares of the asset manager's stock worth $719,000 after acquiring an additional 43 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLK has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their price target on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. UBS Group lowered their price target on shares of BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. 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. Finally, Wells Fargo & Company reduced their price objective on shares of BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, BlackRock has an average rating of "Moderate Buy" and a consensus target price of $1,077.08.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of BlackRock stock in a transaction dated 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 owns 66,034 shares in the company, valued at $56,261,628.34. The trade was 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 available at the SEC website. Insiders have sold 12,430 shares of company stock worth $11,237,249 over the last quarter. Insiders own 1.98% of the company's stock.

BlackRock Stock Performance

BLK traded up $8.00 during trading on Thursday, hitting $928.36. The company's stock had a trading volume of 626,677 shares, compared to its average volume of 685,713. BlackRock, Inc. has a one year low of $752.30 and a one year high of $1,084.22. The business's 50 day simple moving average is $914.30 and its 200-day simple moving average is $979.54. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm has a market cap of $144.13 billion, a PE ratio of 22.10, a P/E/G ratio of 1.90 and a beta of 1.41.

BlackRock (NYSE:BLK - Get Free Report) last posted 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. 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 business's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $9.81 earnings per share. As a group, sell-side analysts predict 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.