Usca Ria LLC boosted its stake in shares of BlackRock (NYSE:BLK) by 19.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,644 shares of the asset manager’s stock after buying an additional 432 shares during the quarter. Usca Ria LLC’s holdings in BlackRock were worth $1,432,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in BLK. Princeton Capital Management LLC purchased a new position in BlackRock during the first quarter worth about $115,000. Bray Capital Advisors purchased a new position in BlackRock during the first quarter worth about $128,000. O Shaughnessy Asset Management LLC purchased a new position in BlackRock during the first quarter worth about $139,000. Assetmark Inc. boosted its stake in BlackRock by 57.1% during the fourth quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock worth $143,000 after buying an additional 101 shares during the period. Finally, Oakworth Capital Inc. boosted its stake in BlackRock by 67.6% during the fourth quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock worth $153,000 after buying an additional 123 shares during the period. 84.44% of the stock is owned by institutional investors.
Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of BlackRock from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Deutsche Bank lowered their target price on shares of BlackRock from $623.00 to $614.00 and set a “buy” rating for the company in a research note on Friday, April 6th. ValuEngine lowered shares of BlackRock from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Credit Suisse Group raised their price objective on shares of BlackRock from $678.00 to $682.00 and gave the company an “outperform” rating in a research note on Friday, April 13th. Finally, JPMorgan Chase reissued an “overweight” rating and issued a $640.00 price objective on shares of BlackRock in a research note on Wednesday, March 14th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. BlackRock presently has a consensus rating of “Buy” and an average target price of $566.62.
NYSE BLK opened at $538.49 on Friday. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.02. BlackRock has a one year low of $388.55 and a one year high of $594.52. The company has a market capitalization of $85.78 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.67.
BlackRock (NYSE:BLK) last posted its quarterly earnings data on Thursday, April 12th. The asset manager reported $6.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.39 by $0.31. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. BlackRock had a net margin of 39.22% and a return on equity of 12.76%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $5.25 earnings per share. equities research analysts anticipate that BlackRock will post 28.05 earnings per share for the current year.
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.
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