BlackRock (BLK) Insider Jeff A. Smith Sells 500 Shares

BlackRock (NYSE:BLK) insider Jeff A. Smith sold 500 shares of BlackRock stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $515.84, for a total transaction of $257,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Jeff A. Smith also recently made the following trade(s):

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  • On Friday, February 23rd, Jeff A. Smith sold 650 shares of BlackRock stock. The shares were sold at an average price of $544.55, for a total transaction of $353,957.50.
  • On Monday, February 12th, Jeff A. Smith sold 2,500 shares of BlackRock stock. The shares were sold at an average price of $526.93, for a total transaction of $1,317,325.00.
  • On Wednesday, February 7th, Jeff A. Smith sold 1,250 shares of BlackRock stock. The stock was sold at an average price of $536.57, for a total transaction of $670,712.50.

NYSE BLK opened at $513.70 on Wednesday. The firm has a market cap of $83,838.80, a PE ratio of 21.57, a price-to-earnings-growth ratio of 1.57 and a beta of 1.67. BlackRock has a one year low of $377.85 and a one year high of $594.52. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.93.



BlackRock (NYSE:BLK) last released its earnings results on Thursday, April 12th. The asset manager reported $6.70 EPS for the quarter, topping the Zacks’ consensus estimate of $6.39 by $0.31. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. BlackRock had a return on equity of 12.91% and a net margin of 39.22%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $5.25 EPS. sell-side analysts forecast that BlackRock will post 28.06 EPS for the current fiscal year.

A number of research firms have issued reports on BLK. Credit Suisse Group lifted their price objective on shares of BlackRock from $678.00 to $682.00 and gave the stock an “outperform” rating in a report on Friday, April 13th. Deutsche Bank cut their price objective on shares of BlackRock from $623.00 to $614.00 and set a “buy” rating on the stock in a report on Friday, April 6th. Zacks Investment Research raised shares of BlackRock from a “sell” rating to a “hold” rating in a report on Thursday, March 29th. ValuEngine downgraded shares of BlackRock from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, JPMorgan Chase reaffirmed an “overweight” rating and set a $640.00 price objective on shares of BlackRock in a report on Wednesday, March 14th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $566.62.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLK. BlackRock Inc. raised its stake in shares of BlackRock by 4.4% during the 4th quarter. BlackRock Inc. now owns 7,255,797 shares of the asset manager’s stock worth $3,727,377,000 after purchasing an additional 307,213 shares during the period. Fred Alger Management Inc. raised its stake in shares of BlackRock by 2,347.6% during the 4th quarter. Fred Alger Management Inc. now owns 185,965 shares of the asset manager’s stock worth $95,532,000 after purchasing an additional 178,367 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in shares of BlackRock by 31.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 442,328 shares of the asset manager’s stock worth $227,228,000 after purchasing an additional 106,315 shares during the period. Mackenzie Financial Corp bought a new stake in shares of BlackRock during the 4th quarter worth $53,310,000. Finally, Close Asset Management Ltd bought a new stake in shares of BlackRock during the 4th quarter worth $46,456,000. Institutional investors own 84.76% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

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