BlackRock, Inc. (NYSE:BLK) Shares Sold by Intrust Bank NA

Intrust Bank NA cut its position in shares of BlackRock, Inc. (NYSE:BLK) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 886 shares of the asset manager’s stock after selling 144 shares during the period. Intrust Bank NA’s holdings in BlackRock were worth $719,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Abacus Planning Group Inc. raised its stake in shares of BlackRock by 4.0% during the 4th quarter. Abacus Planning Group Inc. now owns 334 shares of the asset manager’s stock worth $271,000 after buying an additional 13 shares during the last quarter. Everhart Financial Group Inc. increased its holdings in BlackRock by 3.2% during the 4th quarter. Everhart Financial Group Inc. now owns 450 shares of the asset manager’s stock valued at $365,000 after acquiring an additional 14 shares in the last quarter. Spreng Capital Management Inc. raised its position in BlackRock by 1.1% during the fourth quarter. Spreng Capital Management Inc. now owns 1,329 shares of the asset manager’s stock worth $1,079,000 after acquiring an additional 14 shares during the last quarter. Inscription Capital LLC lifted its holdings in shares of BlackRock by 1.2% in the fourth quarter. Inscription Capital LLC now owns 1,274 shares of the asset manager’s stock valued at $1,034,000 after purchasing an additional 15 shares in the last quarter. Finally, ERTS Wealth Advisors LLC grew its position in shares of BlackRock by 2.9% in the fourth quarter. ERTS Wealth Advisors LLC now owns 538 shares of the asset manager’s stock valued at $437,000 after purchasing an additional 15 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Marc D. Comerchero sold 450 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $785.11, for a total value of $353,299.50. Following the transaction, the insider now owns 5,975 shares in the company, valued at $4,691,032.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Marc D. Comerchero sold 450 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the completion of the sale, the insider now owns 5,975 shares in the company, valued at $4,691,032.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Christopher J. Meade sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $793.86, for a total value of $2,460,966.00. Following the transaction, the general counsel now directly owns 8,628 shares in the company, valued at $6,849,424.08. The disclosure for this sale can be found here. Insiders sold 82,511 shares of company stock valued at $66,778,367 in the last ninety days. Company insiders own 0.90% of the company’s stock.

BlackRock Stock Down 0.8 %

BLK opened at $754.90 on Wednesday. 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 $800.56 and a two-hundred day moving average of $763.59. 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 stock has a market capitalization of $112.43 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. TD Cowen upgraded BlackRock from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $819.00 to $938.00 in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $930.00 price target (up from $918.00) on shares of BlackRock in a report on Friday, April 5th. UBS Group increased their price objective on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. 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 report on Tuesday, April 2nd. Finally, Morgan Stanley upped their target price 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average 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.