BlackRock, Inc. (NYSE:BLK) Shares Acquired by Evexia Wealth LLC

Evexia Wealth LLC boosted its holdings in BlackRock, Inc. (NYSE:BLK) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,428 shares of the asset manager’s stock after acquiring an additional 228 shares during the quarter. BlackRock accounts for 4.8% of Evexia Wealth LLC’s portfolio, making the stock its 3rd largest position. Evexia Wealth LLC’s holdings in BlackRock were worth $11,369,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BLK. Tennessee Valley Asset Management Partners acquired a new position in shares of BlackRock during the fourth quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA increased its position in shares of BlackRock by 208.3% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 25 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in shares of BlackRock in the 4th quarter worth $32,000. Knuff & Co LLC boosted its stake in BlackRock by 48.1% during the fourth quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock valued at $32,000 after buying an additional 13 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in BlackRock during the fourth quarter worth about $40,000. Institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total value of $25,089,701.76. Following the completion of the sale, the chief executive officer now owns 414,146 shares in the company, valued at approximately $335,425,128.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Rachel Lord sold 36,059 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total value of $29,498,425.54. Following the completion of the sale, the director now owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Laurence Fink sold 30,978 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total value of $25,089,701.76. Following the completion of the transaction, the chief executive officer now owns 414,146 shares in the company, valued at approximately $335,425,128.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,087 shares of company stock valued at $57,814,366. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

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

BlackRock Stock Up 0.8 %

Shares of BlackRock stock traded up $6.31 during midday 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. The firm has a market capitalization of $116.31 billion, a P/E 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 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 has a 50-day simple moving average of $796.34 and a 200-day simple moving average of $768.53.

BlackRock (NYSE:BLK) last released its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, beating the consensus estimate of $9.42 by $0.39. The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.93 EPS. As a group, sell-side analysts expect 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.