Natixis Advisors L.P. increased its position in shares of BlackRock, Inc. (NYSE:BLK – Get Rating) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,554 shares of the asset manager’s stock after purchasing an additional 2,249 shares during the quarter. Natixis Advisors L.P.’s holdings in BlackRock were worth $51,779,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in BLK. Steward Financial Group LLC acquired a new stake in shares of BlackRock during the fourth quarter worth about $27,000. Disciplined Investments LLC purchased a new position in BlackRock during the fourth quarter valued at approximately $30,000. Delos Wealth Advisors LLC purchased a new position in BlackRock during the third quarter valued at approximately $33,000. MFA Wealth Advisors LLC purchased a new position in BlackRock during the third quarter valued at approximately $33,000. Finally, Sound Income Strategies LLC raised its position in BlackRock by 52.0% during the fourth quarter. Sound Income Strategies LLC now owns 38 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 13 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.
Shares of BlackRock stock traded down $26.29 during trading hours on Friday, hitting $624.68. The company’s stock had a trading volume of 1,011,737 shares, compared to its average volume of 794,634. BlackRock, Inc. has a twelve month low of $623.22 and a twelve month high of $973.16. The firm has a fifty day moving average of $717.35 and a 200-day moving average of $826.84. The stock has a market cap of $94.98 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 2.00 and a beta of 1.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.02 and a current ratio of 3.02.
BLK has been the subject of several recent research reports. Citigroup reduced their price target on BlackRock from $1,035.00 to $900.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. StockNews.com initiated coverage on BlackRock in a research report on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price target on BlackRock from $950.00 to $905.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. Zacks Investment Research upgraded BlackRock from a “sell” rating to a “hold” rating and set a $808.00 price target for the company in a research report on Monday, April 4th. Finally, Jefferies Financial Group assumed coverage on BlackRock in a research report on Wednesday, April 13th. They issued a “buy” rating and a $873.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $880.00.
In other news, Director William E. Ford acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, April 14th. The shares were purchased at an average price of $701.00 per share, for a total transaction of $701,000.00. Following the acquisition, the director now owns 12,915 shares of the company’s stock, valued at $9,053,415. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark Mccombe sold 1,400 shares of the business’s stock in a transaction on Monday, February 7th. The shares were sold at an average price of $819.32, for a total value of $1,147,048.00. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company’s stock.
BlackRock Profile (Get Rating)
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.
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