2,149 Shares in BlackRock, Inc. (NYSE:BLK) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new stake in BlackRock, Inc. (NYSE:BLK) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,149 shares of the asset manager’s stock, valued at approximately $2,203,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BLK. Princeton Global Asset Management LLC increased its position in shares of BlackRock by 8.7% in the 4th quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 10 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of BlackRock by 0.8% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager’s stock worth $1,311,000 after purchasing an additional 10 shares in the last quarter. Legacy Capital Group California Inc. increased its holdings in BlackRock by 2.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock valued at $377,000 after buying an additional 10 shares during the last quarter. Marino Stram & Associates LLC raised its stake in BlackRock by 0.3% in the fourth quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager’s stock valued at $3,496,000 after buying an additional 11 shares in the last quarter. Finally, Mascoma Wealth Management LLC raised its stake in BlackRock by 9.5% in the fourth quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager’s stock valued at $130,000 after buying an additional 11 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $912.50, for a total value of $9,125,000.00. Following the transaction, the director now owns 66,034 shares of the company’s stock, valued at approximately $60,256,025. The trade was a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 12,430 shares of company stock valued at $11,237,249. 1.98% of the stock is owned by company insiders.

BlackRock Stock Up 0.1%

Shares of NYSE:BLK opened at $958.98 on Wednesday. BlackRock, Inc. has a 1-year low of $752.30 and a 1-year high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The stock 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 firm has a fifty day moving average price of $912.82 and a 200 day moving average price of $978.16.

BlackRock (NYSE:BLK) last announced its earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, topping the consensus estimate of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the firm earned $9.81 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts predict that BlackRock, Inc. will post 47.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BLK shares. Wells Fargo & Company lowered their price objective on BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. StockNews.com started coverage on BlackRock in a report on Thursday, May 8th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. TD Cowen reduced their price objective on shares of BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup lowered 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. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.