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

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) Just Announ...
Flynn James E Picked Mannkind Corp (NASDAQ:MNKD) Shares
Coeptis Therapeutics Could Go To The Moon This Week!

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 :

Stern Ricky is Buying Asta Funding Inc. (NASD...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Asta Funding Inc. (NASDAQ:ASFI) reported that Stern Ricky has picked
Puradyn Filter Technologies (OTCMKTS:PFTI) St...
Puradyn Filter Technologies Incorporated (OTCMKTS:PFTI) was one of the biggest gainers in Tuesday's session without any news. Recently, the
Best Stocks of 2023: Buy Ratings for GoldMini...

Why is GoldMining (NYSE: GLDG) a strong buy target by these 3 analysts and could it be one of the best stocks of

related post

Skip to content