National Bank of Canada FI Purchases 446 Shares of BlackRock, Inc. (NYSE:BLK)

National Bank of Canada FI increased its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,206 shares of the asset manager’s stock after buying an additional 446 shares during the quarter. National Bank of Canada FI’s holdings in BlackRock were worth $40,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Emerald Advisors LLC raised its holdings in BlackRock by 2.5% in the 4th quarter. Emerald Advisors LLC now owns 1,048 shares of the asset manager’s stock worth $851,000 after purchasing an additional 26 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in BlackRock by 1.9% during the 3rd 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 buying an additional 21 shares during the period. McGlone Suttner Wealth Management Inc. raised its stake 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 valued at $620,000 after acquiring an additional 60 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of BlackRock during the fourth quarter worth about $439,000. Finally, Patten & Patten Inc. TN purchased a new stake in shares of BlackRock in the 4th quarter valued at approximately $205,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. UBS Group boosted their price objective on shares of BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. JPMorgan Chase & Co. boosted their price objective on shares of 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 upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and increased their price objective for the company 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $845.42.

Insider Buying and Selling at BlackRock

In other news, General Counsel Christopher J. Meade sold 3,100 shares of the stock in a transaction dated Wednesday, February 7th. The shares were 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 of the company’s stock, valued at $6,849,424.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other BlackRock news, Director Rachel Lord sold 36,059 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $818.06, for a total value of $29,498,425.54. Following the completion of the transaction, the director now directly owns 17,004 shares in the company, valued at $13,910,292.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Christopher J. Meade sold 3,100 shares of BlackRock 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 completion of the sale, the general counsel now owns 8,628 shares of the company’s stock, valued at $6,849,424.08. The disclosure for this sale can be found here. Insiders sold a total of 71,087 shares of company stock worth $57,814,366 over the last quarter. 0.90% of the stock is currently owned by insiders.

BlackRock Price Performance

NYSE:BLK traded up $4.88 on Monday, reaching $768.79. The stock had a trading volume of 182,234 shares, compared to its average volume of 615,983. The company has a market capitalization of $114.50 billion, a P/E ratio of 19.52, a price-to-earnings-growth 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 company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $797.35 and a 200-day moving average price of $766.29.

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. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the firm earned $7.93 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. Research analysts forecast that BlackRock, Inc. will post 41.19 EPS for the current 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.