According to the most recent Form 13F filing that the company made with the Securities and Exchange Commission, General Partner INC increased its holdings in BlackRock, INC (NYSE: BLK) during the year’s fourth quarter.
This information can be found in the company’s filing to the SEC.
The organization was kind enough to supply this information.
The institutional investor purchased a total of 176 shares of the asset manager’s stock at the cost of approximately 125,000 dollars.
There were a total of 176 shares acquired.
The most recent analyst reports have centered almost entirely on BLK as the subject of discussion. Since beginning coverage of BlackRock shares, Wells Fargo & Company released its first research note on Wednesday, December 14; it was published online.
They assigned the company the ” overweight ” rating and determined that the price objective should be $820.00. StockNews.com provided the first coverage of BlackRock’s shares by publishing an article on Thursday, which was made available to the public.
They recommended that shareholders “hold” their shares of the company.
In research released on January 4, the Goldman Sachs Group raised their price objective on BlackRock shares from $741.00 to $825.00, upgrading the company’s rating from “hold” to “buy.” In a report released on Tuesday, January 17, Morgan Stanley rated the stock as “overweight” and increased their price target for BlackRock shares from $785.00 to $828.00.
Additionally, they raised their price target for the shares from $785.00 to $828.00. Credit Suisse Group raised their price target on BlackRock shares from $540.00 to $680.00 and upgraded the company from a “neutral” rating to an “outperform” rating in a research report published on Thursday, January 12. Seven analysts have provided the company with a buy recommendation, while only five have provided it with a hold recommendation.
According to information made available by Bloomberg.com, the stock is currently rated as having a consensus recommendation of “Moderate Buy,” It has an average price target of $740.92.
Recent months have seen several large investors make adjustments to the percentage of the company’s stock that is held within their respective portfolios.
The final three months of 2018 saw both Fulton Bank and the National Association increase the percentage of BlackRock stock they owned by 2.9%. Fulton Bank N.A. now holds 1,478 shares of the asset manager’s company, which have a market value of $1,047,000 thanks to acquiring an additional 41 shares during the most recent fiscal quarter. Fulton Bank purchased these shares, N.A.
The acquisition of BlackRock by Centric Wealth Management occurred during the fourth quarter and cost close to 213,000 dollars. Red Spruce Capital LLC increased its stake in BlackRock by 7.3% over the final three months of 2018. Red Spruce Capital LLC now has 3,243 shares of the asset manager’s stock, worth a combined total of $2,298,000 after purchasing an additional 221 shares during the most recent quarter.
This brings the total number of shares owned by the company to 3,243.
During the third quarter, Retired Men Formula LLC increased the percentage of its capital invested in BlackRock by 5.2%. Following the acquisition of an additional 39 shares during the most recent fiscal quarter, Retired Men Formula LLC now has 784 shares of the asset manager’s company.
Each share is worth $431,000, and the company’s total market capitalization is $431,000.
In the final step of the process, Continental Investments Services INC shelled out $377,000 during the third quarter of the fiscal year to acquire a new interest in BlackRock.
To the tune of 77.69% of the company’s stock, institutional investors are the stock owners.