Bank OZK Sells 105 Shares of BlackRock, Inc. (NYSE:BLK)

Bank OZK trimmed its position in shares of BlackRock, Inc. (NYSE:BLK) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,604 shares of the asset manager’s stock after selling 105 shares during the period. Bank OZK’s holdings in BlackRock were worth $1,302,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners purchased a new stake in BlackRock in the 4th quarter valued at about $27,000. LFA Lugano Financial Advisors SA boosted its position in BlackRock by 208.3% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after buying an additional 25 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in BlackRock in the 4th quarter valued at about $32,000. Exchange Traded Concepts LLC boosted its position in BlackRock by 671.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 54 shares of the asset manager’s stock valued at $35,000 after buying an additional 47 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in BlackRock in the 4th quarter valued at about $40,000. 80.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. UBS Group upped their price target on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, TD Cowen raised shares of BlackRock from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $845.42.

Insider Activity at BlackRock

In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the transaction, the chief executive officer now owns 414,146 shares in the company, valued at approximately $335,425,128.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other BlackRock news, Director Rachel Lord sold 36,059 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the transaction, the director now owns 17,004 shares in the company, valued at approximately $13,910,292.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the transaction, the chief executive officer now owns 414,146 shares in the company, valued at approximately $335,425,128.32. The disclosure for this sale can be found here. Insiders sold 82,511 shares of company stock valued at $66,778,367 over the last 90 days. Insiders own 0.90% of the company’s stock.

BlackRock Stock Up 0.7 %

NYSE:BLK traded up $5.23 during midday trading on Friday, reaching $762.88. 447,939 shares of the stock traded hands, compared to its average volume of 683,111. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $845.00. The business has a 50-day moving average of $802.08 and a two-hundred day moving average of $760.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48. The stock has a market capitalization of $113.62 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the company posted $7.93 earnings per share. BlackRock’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts forecast that BlackRock, Inc. will post 41.19 earnings per share for the current fiscal year.

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.