BlackRock, Inc. (NYSE:BLK) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. increased its position in shares of BlackRock, Inc. (NYSE:BLKGet 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.

BlackRock (NYSE:BLKGet Rating) last announced its quarterly earnings results on Wednesday, April 13th. The asset manager reported $9.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $9.18 by $0.34. BlackRock had a return on equity of 17.08% and a net margin of 31.20%. The business had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same quarter in the prior year, the company posted $7.77 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts expect that BlackRock, Inc. will post 39.43 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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