Evexia Wealth LLC Buys 228 Shares of BlackRock, Inc. (NYSE:BLK)

Evexia Wealth LLC lifted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,428 shares of the asset manager’s stock after buying an additional 228 shares during the quarter. BlackRock makes up approximately 4.8% of Evexia Wealth LLC’s portfolio, making the stock its 3rd biggest position. Evexia Wealth LLC’s holdings in BlackRock were worth $11,369,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Morgan Stanley boosted its position in shares of BlackRock by 3.2% during the 3rd quarter. Morgan Stanley now owns 3,369,035 shares of the asset manager’s stock worth $2,178,048,000 after acquiring an additional 104,844 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in BlackRock by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,329,550 shares of the asset manager’s stock valued at $2,148,586,000 after purchasing an additional 35,161 shares in the last quarter. FMR LLC increased its stake in BlackRock by 22.0% in the third quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock valued at $1,361,064,000 after purchasing an additional 379,631 shares during the last quarter. Fisher Asset Management LLC raised its holdings in BlackRock by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,015,535 shares of the asset manager’s stock worth $1,636,212,000 after purchasing an additional 47,326 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of BlackRock by 21.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock worth $1,128,544,000 after buying an additional 307,516 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

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

BlackRock Stock Performance

Shares of BlackRock stock traded up $6.31 on Tuesday, reaching $780.95. 777,395 shares of the stock were exchanged, compared to its average volume of 620,987. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $116.31 billion, a PE ratio of 19.85, a PEG ratio of 1.58 and a beta of 1.37. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $845.00. The business has a fifty day moving average price of $796.34 and a two-hundred day moving average price of $768.53.

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

BlackRock Company Profile

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.