Blackrock Inc. (NYSE:BLK) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Avalon GloboCare's (Nasdaq: ALBT) Fusion Gene Map Te...
CYBIN (CYBN) ISSUED A BUY RATING WITH A 1,539% UPSIDE!
Moderna Inc (NASDAQ:MRNA) Stock Pulls Back To $300 A...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Blackrock Inc. (NYSE:BLK) reported that Norges Bank has picked up 8,552,813 of common stock as of 2017-02-24.

The acquisition brings the aggregate amount owned by Norges Bank to a total of 8,552,813 representing a 5.28% stake in the company.

For those not familiar with the company, BlackRock, Inc. is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Company offers its BlackRock Solutions (BRS) investment and risk management technology platform, Aladdin; risk analytics, and advisory services and solutions to institutional investors. BRS also offers risk reporting capabilities via the Green Package and risk management advisory services; interactive fixed income analytics through its Web-based calculator, AnSer; outsourcing services, and investment accounting.

A glance at Blackrock Inc. (NYSE:BLK)’s key stats reveals a current market capitalization of 63.25 billion based on 162.27 million shares outstanding and a price at last close of $386.78 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-10-27, Demchak picked up 1,200 at a purchase price of $341.11. This brings their total holding to 14,668 as of the date of the filing.

On the sell side, the most recent transaction saw Smith unload 300 shares at a sale price of $391.29. This brings their total holding to 16,386.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Blackrock Inc. (NYSE:BLK) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

Stay in the lopp :

New Listing Alert: Looking Glass Labs (NEO:NF...

Looking Glass Labs (NEO:NFTX) is looking promising!

I Normally Wait To Point Out The Value Propositions Until Later, But I

Avis Budget Group is Buying Id Systems Inc. (...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Id Systems Inc. (NASDAQ:IDSY) reported that Avis Budget Group, Inc.
Here's Who Just Picked Up Taiwan Fund Inc (NY...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Taiwan Fund Inc (NYSE:TWN) reported that Lazard Asset Management Llc.

related post

Skip to content