Cwm LLC Sells 120 Shares of BlackRock, Inc. (NYSE:BLK)

Cwm LLC lowered its position in shares of BlackRock, Inc. (NYSE:BLK) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,709 shares of the asset manager’s stock after selling 120 shares during the quarter. Cwm LLC’s holdings in BlackRock were worth $7,882,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new stake in BlackRock during the fourth quarter valued at $27,000. LFA Lugano Financial Advisors SA raised its holdings in shares of BlackRock by 208.3% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 25 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in shares of BlackRock during the fourth quarter valued at about $32,000. FSC Wealth Advisors LLC acquired a new position in shares of BlackRock during the fourth quarter valued at about $40,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of BlackRock by 96.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 49 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 24 shares during the period. Institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Rachel Lord sold 36,059 shares of the 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 completion of the transaction, the director now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total transaction 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 approximately $335,425,128.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rachel Lord sold 36,059 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the completion of the transaction, the director now directly owns 17,004 shares of the company’s stock, valued at $13,910,292.24. 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 three months. Company insiders own 0.90% of the company’s stock.

BlackRock Trading Up 1.3 %

NYSE:BLK opened at $760.05 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48. The firm has a market cap of $113.20 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00. The firm has a 50-day moving average price of $804.19 and a two-hundred day moving average price of $758.48.

BlackRock (NYSE:BLK) last posted its quarterly earnings data 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 firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.65 billion. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $7.93 EPS. On average, equities analysts expect 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.