Evermay Wealth Management LLC Sells 50 Shares of BlackRock, Inc. (NYSE:BLK)

Evermay Wealth Management LLC lessened its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 11.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 374 shares of the asset manager’s stock after selling 50 shares during the period. Evermay Wealth Management LLC’s holdings in BlackRock were worth $355,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLK. Highline Wealth Partners LLC purchased a new position in BlackRock in the third quarter valued at about $2,216,000. Pathway Financial Advisers LLC boosted its holdings in BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after buying an additional 1,044,962 shares during the period. Avitas Wealth Management LLC boosted its holdings in BlackRock by 31.1% in the 3rd quarter. Avitas Wealth Management LLC now owns 2,839 shares of the asset manager’s stock worth $2,696,000 after buying an additional 674 shares during the period. Childress Capital Advisors LLC bought a new position in BlackRock in the 3rd quarter worth approximately $250,000. Finally, Highview Capital Management LLC DE lifted its stake in BlackRock by 6.5% in the 3rd quarter. Highview Capital Management LLC DE now owns 1,716 shares of the asset manager’s stock worth $1,629,000 after purchasing an additional 104 shares in the last quarter. 80.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. UBS Group dropped their price objective on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. StockNews.com started coverage on shares of BlackRock in a research note on Monday. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, The Goldman Sachs Group lifted their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $995.31.

BlackRock Stock Performance

BLK traded up $7.86 during trading on Wednesday, reaching $991.03. 68,554 shares of the company’s stock were exchanged, compared to its average volume of 568,755. The company’s fifty day simple moving average is $933.29 and its 200-day simple moving average is $847.45. BlackRock, Inc. has a 1 year low of $604.41 and a 1 year high of $1,032.00. The stock has a market capitalization of $147.27 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06.

BlackRock (NYSE:BLK) last announced its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.42 by $1.04. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the company posted $10.91 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, research analysts predict that BlackRock, Inc. will post 41.73 earnings per share for the current fiscal year.

Insider Transactions at BlackRock

In related news, CEO Laurence Fink sold 29,450 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total value of $24,833,712.50. Following the completion of the transaction, the chief executive officer now directly owns 353,718 shares of the company’s stock, valued at $298,272,703.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Laurence Fink sold 29,450 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total value of $24,833,712.50. Following the completion of the sale, the chief executive officer now directly owns 353,718 shares of the company’s stock, valued at approximately $298,272,703.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark Wiedman sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the sale, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,042 shares of company stock valued at $56,857,777. 0.90% of the stock is currently owned by corporate insiders.

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.