Bison Wealth LLC Has $1.08 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Bison Wealth LLC lifted its stake in BlackRock, Inc. (NYSE:BLK) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,052 shares of the asset manager’s stock after buying an additional 17 shares during the period. Bison Wealth LLC’s holdings in BlackRock were worth $1,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. IAG Wealth Partners LLC acquired a new stake in shares of BlackRock in the 4th quarter valued at approximately $26,000. Collier Financial acquired a new stake in BlackRock in the fourth quarter valued at $32,000. Compass Planning Associates Inc bought a new position in shares of BlackRock in the 4th quarter valued at about $33,000. Atwood & Palmer Inc. acquired a new position in shares of BlackRock during the 4th quarter worth about $36,000. Finally, West Financial Advisors LLC acquired a new stake in BlackRock in the 4th quarter valued at about $39,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Trading Up 0.8 %

Shares of BLK opened at $920.81 on Wednesday. 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, Inc. has a 52-week low of $748.78 and a 52-week high of $1,084.22. The firm has a market cap of $142.96 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.90 and a beta of 1.38. The business’s fifty day moving average is $919.18 and its 200-day moving average is $982.91.

BlackRock (NYSE:BLK) last released its earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.84 by $0.46. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.81 earnings per share. Equities analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $912.50, for a total transaction of $9,125,000.00. Following the sale, the director now directly owns 66,034 shares of the company’s stock, valued at $60,256,025. The trade was a 13.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 22,430 shares of company stock valued at $21,963,649. 1.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Wells Fargo & Company cut their price target on BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Barclays upped their price objective on shares of BlackRock from $950.00 to $990.00 and gave the company an “overweight” rating in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on shares of BlackRock from $1,046.00 to $988.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Citigroup lowered their price target on shares of BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating on the stock in a report 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 data from MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and an average price target of $1,077.08.

BlackRock 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.