Harfst & Associates Inc. Has $2.33 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Harfst & Associates Inc. lessened its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,874 shares of the asset manager’s stock after selling 52 shares during the period. Harfst & Associates Inc.’s holdings in BlackRock were worth $2,333,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Emerald Advisors LLC lifted its holdings in shares of BlackRock by 2.5% during the 4th quarter. Emerald Advisors LLC now owns 1,048 shares of the asset manager’s stock worth $851,000 after acquiring an additional 26 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in BlackRock by 1.9% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,101 shares of the asset manager’s stock worth $712,000 after acquiring an additional 21 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of BlackRock by 8.5% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 764 shares of the asset manager’s stock worth $620,000 after acquiring an additional 60 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of BlackRock in the 4th quarter valued at approximately $439,000. Finally, Patten & Patten Inc. TN acquired a new stake in BlackRock in the fourth quarter valued at approximately $205,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total value of $25,089,701.76. Following the completion of the sale, the chief executive officer now directly owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other BlackRock 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 transaction of $29,498,425.54. Following the transaction, the director now owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $25,089,701.76. Following the completion of the transaction, the chief executive officer now directly owns 414,146 shares of the company’s stock, valued at $335,425,128.32. The disclosure for this sale can be found here. Insiders have sold 67,987 shares of company stock worth $55,353,400 in the last quarter. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

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

BlackRock Stock Up 1.0 %

NYSE:BLK traded up $7.54 on Friday, hitting $796.67. The stock had a trading volume of 607,147 shares, compared to its average volume of 658,799. The company has a quick ratio of 3.48, a current ratio of 5.32 and a debt-to-equity ratio of 0.35. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00. The business’s fifty day moving average is $794.94 and its 200 day moving average is $770.01. The company has a market cap of $118.66 billion, a PE ratio of 20.25, a P/E/G ratio of 1.63 and a beta of 1.37.

BlackRock (NYSE:BLK) last issued its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a return on equity of 15.24% and a net margin of 32.26%. The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the business earned $7.93 EPS. BlackRock’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts expect that BlackRock, Inc. will post 41.35 EPS 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.