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

Everpar Advisors LLC bought a new position in BlackRock, Inc. (NYSE:BLK) in the fourth quarter, Holdings Channel.com reports. The firm bought 707 shares of the asset manager’s stock, valued at approximately $574,000.

A number of other hedge funds also recently made changes to their positions in the stock. Gryphon Financial Partners LLC acquired a new stake in BlackRock in the fourth quarter valued at approximately $354,000. ShoreHaven Wealth Partners LLC acquired a new stake in shares of BlackRock during the 4th quarter valued at $243,000. Barlow Wealth Partners Inc. acquired a new position in BlackRock in the 4th quarter worth about $939,000. Centric Wealth Management acquired a new stake in shares of BlackRock during the fourth quarter valued at about $224,000. Finally, Northern Financial Advisors Inc grew its holdings in shares of BlackRock by 49.5% during the fourth quarter. Northern Financial Advisors Inc now owns 834 shares of the asset manager’s stock worth $677,000 after purchasing an additional 276 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BLK. 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 report on Tuesday, January 16th. UBS Group upped their price target on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. 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 report on Monday, April 15th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $930.00 price objective (up from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $845.42.

Insider Activity

In related news, General Counsel Christopher J. Meade sold 3,100 shares of BlackRock stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $793.86, for a total transaction of $2,460,966.00. Following the completion of the sale, the general counsel now owns 8,628 shares of the company’s stock, valued at $6,849,424.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the completion of the sale, the chief executive officer now directly owns 414,146 shares of the company’s stock, valued at approximately $335,425,128.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the general counsel now directly owns 8,628 shares in the company, valued at $6,849,424.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,087 shares of company stock worth $57,814,366. 0.90% of the stock is owned by company insiders.

BlackRock Stock Performance

Shares of BLK traded up $6.31 during mid-day trading on Tuesday, hitting $780.95. The stock had a trading volume of 777,395 shares, compared to its average volume of 620,987. The business has a fifty day moving average price of $796.34 and a 200-day moving average price of $768.53. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00. The firm has a market cap of $116.31 billion, a P/E ratio of 19.85, a PEG ratio of 1.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period in the previous year, the business earned $7.93 EPS. BlackRock’s revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts expect that BlackRock, Inc. will post 41.19 EPS for the current 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.