Community Bank & Trust Waco Texas Purchases 86 Shares of BlackRock, Inc. (NYSE:BLK)

Community Bank & Trust Waco Texas raised its position in BlackRock, Inc. (NYSE:BLK) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,128 shares of the asset manager’s stock after acquiring an additional 86 shares during the period. Community Bank & Trust Waco Texas’ holdings in BlackRock were worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In other news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction on Wednesday, February 28th. The stock was 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 directly owns 414,146 shares of the company’s stock, valued at approximately $335,425,128.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Marc D. Comerchero sold 450 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the transaction, the insider now directly owns 5,975 shares of the company’s stock, valued at approximately $4,691,032.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Laurence Fink sold 30,978 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 414,146 shares in the company, valued at $335,425,128.32. The disclosure for this sale can be found here. Insiders have sold 82,511 shares of company stock valued at $66,778,367 in the last ninety days. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

BlackRock Stock Down 0.7 %

BLK traded down $5.50 during trading on Wednesday, hitting $761.12. 233,902 shares of the company’s stock traded hands, compared to its average volume of 622,885. The company’s 50 day simple moving average is $803.96 and its two-hundred day simple moving average is $759.31. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $845.00. The stock has a market capitalization of $113.36 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.57 and a beta of 1.37.

BlackRock (NYSE:BLK) last issued its earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, beating the consensus estimate of $9.42 by $0.39. The business had revenue of $4.73 billion for 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 revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $7.93 EPS. Analysts predict that BlackRock, Inc. will post 41.19 earnings per share for the current fiscal year.

BlackRock Company 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.