SYM FINANCIAL Corp Invests $234,000 in BlackRock, Inc. (NYSE:BLK)

SYM FINANCIAL Corp bought a new stake in BlackRock, Inc. (NYSE:BLK) in the 4th quarter, Holdings Channel reports. The firm bought 288 shares of the asset manager’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its stake in BlackRock by 0.9% in the 4th quarter. National Bank of Canada FI now owns 50,206 shares of the asset manager’s stock valued at $40,163,000 after purchasing an additional 446 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of BlackRock by 2.4% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,088 shares of the asset manager’s stock valued at $3,318,000 after buying an additional 95 shares during the last quarter. AJOVista LLC bought a new position in shares of BlackRock during the 4th quarter worth approximately $202,000. Baxter Bros Inc. acquired a new position in shares of BlackRock during the 4th quarter worth approximately $292,000. Finally, Legacy Financial Advisors Inc. raised its stake in BlackRock by 15.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 670 shares of the asset manager’s stock valued at $544,000 after acquiring an additional 91 shares during the period. 80.69% of the stock is owned by institutional investors.

Insider Buying and Selling at BlackRock

In related news, Director Rachel Lord sold 36,059 shares of BlackRock stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $818.06, for a total value of $29,498,425.54. Following the transaction, the director now directly owns 17,004 shares of the company’s stock, valued at $13,910,292.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director J. Richard Kushel sold 520 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $784.69, for a total value of $408,038.80. Following the completion of the transaction, the director now owns 4,150 shares of the company’s stock, valued at $3,256,463.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rachel Lord sold 36,059 shares of BlackRock 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 sale, the director now directly owns 17,004 shares in the company, valued at $13,910,292.24. The disclosure for this sale can be found here. Insiders have sold a total of 72,057 shares of company stock valued at $58,575,704 in the last ninety days. 0.90% of the stock is currently owned by company insiders.

BlackRock Price Performance

BlackRock stock traded up $6.91 during mid-day trading on Friday, reaching $763.91. 558,283 shares of the company were exchanged, compared to its average volume of 689,289. The firm has a market cap of $113.78 billion, a PE ratio of 19.41, a PEG ratio of 1.57 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48. The company has a fifty day simple moving average of $797.35 and a 200-day simple moving average of $764.35. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $845.00.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. BlackRock’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $7.93 earnings per share. As a group, equities research analysts expect that BlackRock, Inc. will post 41.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About BlackRock

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.