Utah Retirement Systems Has $25.11 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Utah Retirement Systems grew its stake in BlackRock, Inc. (NYSE:BLK) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,492 shares of the asset manager’s stock after buying an additional 86 shares during the quarter. Utah Retirement Systems’ holdings in BlackRock were worth $25,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Schonfeld Strategic Advisors LLC acquired a new position in shares of BlackRock in the fourth quarter valued at approximately $2,563,000. AQR Capital Management LLC boosted its holdings in shares of BlackRock by 23.1% in the fourth quarter. AQR Capital Management LLC now owns 72,213 shares of the asset manager’s stock valued at $74,026,000 after buying an additional 13,560 shares during the period. Northern Trust Corp boosted its holdings in shares of BlackRock by 20.6% in the fourth quarter. Northern Trust Corp now owns 1,591,716 shares of the asset manager’s stock valued at $1,631,684,000 after buying an additional 272,176 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of BlackRock by 4.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 89,379 shares of the asset manager’s stock valued at $91,623,000 after buying an additional 3,769 shares during the period. Finally, Bellwether Advisors LLC acquired a new position in BlackRock during the fourth quarter worth $221,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 430 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $949.37, for a total transaction of $408,229.10. Following the completion of the sale, the director now owns 3,720 shares in the company, valued at $3,531,656.40. The trade was a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 22,430 shares of company stock worth $21,963,649 over the last quarter. Company insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on BLK shares. TD Cowen reduced their target price on shares of BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Citigroup reduced their target price on shares of BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating for the company in a report on Monday, April 14th. Barclays increased their target price on shares of BlackRock from $950.00 to $990.00 and gave the stock an “overweight” rating in a report on Monday, April 14th. Finally, Morgan Stanley cut their price target on shares of 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. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,077.08.

BlackRock Stock Up 0.8 %

BlackRock stock opened at $920.81 on Wednesday. BlackRock, Inc. has a twelve month low of $748.78 and a twelve month high of $1,084.22. The stock has a market cap of $142.96 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.90 and a beta of 1.38. The company’s 50-day moving average price is $919.18 and its two-hundred day moving average price is $982.91. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.47 billion. During the same quarter in the previous year, the company posted $9.81 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. As a group, analysts expect that BlackRock, Inc. will post 47.41 EPS for the current 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.