Everpar Advisors LLC Invests $574,000 in BlackRock, Inc. (NYSE:BLK)

Everpar Advisors LLC purchased a new stake in BlackRock, Inc. (NYSE:BLK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 707 shares of the asset manager’s stock, valued at approximately $574,000.

A number of other hedge funds have also recently bought and sold shares of BLK. Verdence Capital Advisors LLC increased its holdings in BlackRock by 26.9% in the third quarter. Verdence Capital Advisors LLC now owns 1,364 shares of the asset manager’s stock valued at $882,000 after buying an additional 289 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of BlackRock by 9.7% during the third quarter. Mackenzie Financial Corp now owns 90,806 shares of the asset manager’s stock valued at $56,796,000 after purchasing an additional 8,031 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of BlackRock by 8.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,823 shares of the asset manager’s stock worth $27,038,000 after purchasing an additional 3,134 shares during the last quarter. Kanawha Capital Management LLC grew its stake in BlackRock by 14.5% during the 3rd quarter. Kanawha Capital Management LLC now owns 4,147 shares of the asset manager’s stock worth $2,681,000 after buying an additional 525 shares during the last quarter. Finally, NBT Bank N A NY acquired a new stake in BlackRock in the third quarter worth $1,160,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. UBS Group increased their price objective on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $819.00 to $938.00 in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $845.42.

Insider Buying and Selling

In other BlackRock news, Director Stephen Cohen sold 950 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $805.55, for a total value of $765,272.50. Following the transaction, the director now owns 4,437 shares in the company, valued at approximately $3,574,225.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, General Counsel Christopher J. Meade sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $793.86, for a total transaction of $2,460,966.00. Following the transaction, the general counsel now owns 8,628 shares in the company, valued at approximately $6,849,424.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen Cohen sold 950 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $805.55, for a total transaction of $765,272.50. Following the completion of the sale, the director now owns 4,437 shares of the company’s stock, valued at $3,574,225.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,087 shares of company stock worth $57,814,366. 0.90% of the stock is owned by company insiders.

BlackRock Price Performance

BlackRock stock traded up $6.31 during mid-day trading on Tuesday, hitting $780.95. The company’s stock had a trading volume of 777,395 shares, compared to its average volume of 620,987. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $845.00. The stock has a market capitalization of $116.31 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $796.34 and its two-hundred day moving average price is $768.53.

BlackRock (NYSE:BLK) last announced its earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, topping the consensus estimate of $9.42 by $0.39. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the company posted $7.93 earnings per share. Research analysts forecast that BlackRock, Inc. will post 41.19 earnings per share for the current year.

About BlackRock

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.