Penobscot Investment Management Company Inc. lessened its stake in BlackRock, Inc. (NYSE:BLK – Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,826 shares of the asset manager’s stock after selling 235 shares during the period. Penobscot Investment Management Company Inc.’s holdings in BlackRock were worth $3,918,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in BLK. Tennessee Valley Asset Management Partners bought a new stake in shares of BlackRock in the 4th quarter valued at about $27,000. LFA Lugano Financial Advisors SA grew its position in shares of 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 last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of BlackRock during the 4th quarter valued at about $32,000. Exchange Traded Concepts LLC boosted its position in shares of BlackRock by 671.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 54 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of BlackRock during the 4th quarter valued at about $40,000. Institutional investors own 80.69% of the company’s stock.
Insider Transactions at BlackRock
In related news, insider Marc D. Comerchero sold 450 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $785.11, for a total transaction of $353,299.50. Following the completion of the sale, the insider now directly owns 5,975 shares of the company’s stock, valued at $4,691,032.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Marc D. Comerchero sold 450 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $785.11, for a total transaction of $353,299.50. Following the completion of the sale, the insider now directly owns 5,975 shares of the company’s stock, valued at $4,691,032.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J. Richard Kushel sold 3,418 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $781.11, for a total value of $2,669,833.98. Following the sale, the director now directly owns 70,378 shares of the company’s stock, valued at $54,972,959.58. The disclosure for this sale can be found here. Insiders sold a total of 82,511 shares of company stock valued at $66,778,367 over the last ninety days. 0.90% of the stock is currently owned by insiders.
Analyst Ratings Changes
BlackRock Stock Down 0.7 %
Shares of BlackRock stock traded down $5.21 on Tuesday, hitting $756.07. The company had a trading volume of 120,830 shares, compared to its average volume of 618,134. The stock has a market capitalization of $112.61 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 1.58 and a beta of 1.37. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $845.00. The stock has a 50 day moving average of $801.42 and a 200-day moving average of $762.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48.
BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, topping the consensus estimate of $9.42 by $0.39. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $7.93 earnings per share. As a group, sell-side analysts forecast that BlackRock, Inc. will post 41.19 earnings per share for the current year.
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.
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