Osborn Williams & Donohoe LLC boosted its stake in BlackRock, Inc. (NYSE:BLK) by 1.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,310 shares of the asset manager’s stock after buying an additional 263 shares during the period. BlackRock accounts for about 1.5% of Osborn Williams & Donohoe LLC’s portfolio, making the stock its 22nd largest position. Osborn Williams & Donohoe LLC’s holdings in BlackRock were worth $8,173,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in BlackRock during the fourth quarter worth approximately $3,254,686,000. State Street Corp raised its position in shares of BlackRock by 7.9% in the fourth quarter. State Street Corp now owns 5,332,773 shares of the asset manager’s stock valued at $2,029,332,000 after buying an additional 389,812 shares during the last quarter. Capital World Investors raised its position in shares of BlackRock by 33.3% in the third quarter. Capital World Investors now owns 4,375,014 shares of the asset manager’s stock valued at $1,585,768,000 after buying an additional 1,092,806 shares during the last quarter. Morgan Stanley raised its position in shares of BlackRock by 2.3% in the third quarter. Morgan Stanley now owns 2,414,880 shares of the asset manager’s stock valued at $875,296,000 after buying an additional 53,785 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of BlackRock by 0.4% in the third quarter. Northern Trust Corp now owns 1,785,263 shares of the asset manager’s stock valued at $647,086,000 after buying an additional 6,231 shares during the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.
Shares of BlackRock, Inc. (NYSE:BLK) opened at 383.31 on Friday. BlackRock, Inc. has a 52-week low of $317.60 and a 52-week high of $399.46. The firm’s 50 day moving average price is $382.23 and its 200 day moving average price is $377.46. The stock has a market cap of $62.43 billion, a P/E ratio of 18.83 and a beta of 1.72.
BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, April 19th. The asset manager reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.31. BlackRock had a net margin of 28.44% and a return on equity of 11.20%. The firm earned $2.82 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the prior year, the company earned $4.25 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, analysts expect that BlackRock, Inc. will post $21.65 EPS for the current year.
A number of equities research analysts recently weighed in on BLK shares. Barclays PLC reduced their price objective on BlackRock from $411.00 to $396.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of BlackRock in a research report on Wednesday, March 8th. Citigroup Inc lifted their target price on BlackRock from $425.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, January 25th. Credit Suisse Group AG reissued a “buy” rating and issued a $464.00 price objective on shares of BlackRock in a research note on Thursday, February 9th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $441.00 price objective (down from $449.00) on shares of BlackRock in a research note on Saturday, April 22nd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $410.30.
In other news, insider J. Richard Kushel sold 8,573 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $374.92, for a total value of $3,214,189.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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