Wealthcare Advisory Partners LLC Sells 39 Shares of BlackRock, Inc. (NYSE:BLK)

Wealthcare Advisory Partners LLC decreased its holdings in BlackRock, Inc. (NYSE:BLK) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 719 shares of the asset manager’s stock after selling 39 shares during the period. Wealthcare Advisory Partners LLC’s holdings in BlackRock were worth $584,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Abacus Planning Group Inc. lifted its holdings in BlackRock by 4.0% during the fourth quarter. Abacus Planning Group Inc. now owns 334 shares of the asset manager’s stock worth $271,000 after buying an additional 13 shares during the period. Knuff & Co LLC boosted its holdings in shares of BlackRock by 48.1% in the 4th 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. Everhart Financial Group Inc. grew its position in shares of BlackRock by 3.2% in the 4th quarter. Everhart Financial Group Inc. now owns 450 shares of the asset manager’s stock worth $365,000 after buying an additional 14 shares during the last quarter. Spreng Capital Management Inc. raised its stake in shares of BlackRock by 1.1% during the 4th quarter. Spreng Capital Management Inc. now owns 1,329 shares of the asset manager’s stock worth $1,079,000 after acquiring an additional 14 shares in the last quarter. Finally, Inscription Capital LLC lifted its position in BlackRock by 1.2% during the fourth quarter. Inscription Capital LLC now owns 1,274 shares of the asset manager’s stock valued at $1,034,000 after acquiring an additional 15 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity at BlackRock

In other news, Director Stephen Cohen sold 950 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $805.55, for a total transaction of $765,272.50. Following the sale, the director now directly owns 4,437 shares of the company’s stock, valued at approximately $3,574,225.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Stephen Cohen sold 950 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 4,437 shares of the company’s stock, valued at approximately $3,574,225.35. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 in the company, valued at approximately $335,425,128.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,987 shares of company stock worth $55,353,400. 0.90% of the stock is owned by company insiders.

BlackRock Price Performance

Shares of BLK opened at $778.33 on Thursday. The company has a market capitalization of $115.92 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.58 and a beta of 1.37. The business’s 50-day moving average is $796.34 and its two-hundred day moving average is $768.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $845.00.

BlackRock (NYSE:BLK) last released its quarterly earnings data 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 business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.65 billion. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.93 EPS. Research analysts predict that BlackRock, Inc. will post 41.19 earnings per share for the current year.

BlackRock 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.