EverSource Wealth Advisors LLC Has $376,000 Holdings in BlackRock, Inc. (NYSE:BLK)

EverSource Wealth Advisors LLC lifted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 464 shares of the asset manager’s stock after acquiring an additional 50 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in BlackRock were worth $376,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BLK. Norges Bank bought a new stake in BlackRock in the 4th quarter valued at $1,812,920,000. International Assets Investment Management LLC grew its stake in shares of BlackRock by 77,524.5% in the fourth quarter. International Assets Investment Management LLC now owns 641,955 shares of the asset manager’s stock valued at $5,211,390,000 after acquiring an additional 641,128 shares in the last quarter. FMR LLC increased its position in BlackRock by 22.0% during the third quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock worth $1,361,064,000 after acquiring an additional 379,631 shares during the period. Invesco Ltd. raised its stake in BlackRock by 84.4% in the 3rd quarter. Invesco Ltd. now owns 744,770 shares of the asset manager’s stock worth $481,486,000 after purchasing an additional 340,792 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in BlackRock by 21.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock valued at $1,128,544,000 after purchasing an additional 307,516 shares during the period. Institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

BLK has been the subject of a number of analyst reports. UBS Group lifted their price target on shares of BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 target price (up from $918.00) on shares of BlackRock in a report on Friday, April 5th. JPMorgan Chase & Co. boosted their price target on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Morgan Stanley raised their target price 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and an average target price of $845.42.

BlackRock Price Performance

Shares of NYSE BLK traded up $3.38 during midday trading on Friday, reaching $787.93. 54,337 shares of the company were exchanged, compared to its average volume of 602,147. BlackRock, Inc. has a one year low of $596.18 and a one year high of $845.00. The stock has a market cap of $117.09 billion, a P/E ratio of 19.94, a PEG ratio of 1.65 and a beta of 1.37. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average price is $790.38 and its 200-day moving average price is $781.53.

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 15.24% and a net margin of 32.26%. The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the firm earned $7.93 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, sell-side analysts anticipate that BlackRock, Inc. will post 41.25 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be given a dividend of $5.10 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $20.40 annualized dividend and a yield of 2.59%. BlackRock’s dividend payout ratio is presently 51.84%.

Insiders Place Their Bets

In other BlackRock news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $807.29, for a total transaction of $25,008,229.62. Following the transaction, the chief executive officer now directly owns 383,168 shares of the company’s stock, valued at approximately $309,327,694.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Laurence Fink sold 30,978 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $807.29, for a total transaction of $25,008,229.62. Following the completion of the transaction, the chief executive officer now directly owns 383,168 shares in the company, valued at $309,327,694.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Wiedman sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $795.00, for a total value of $7,155,000.00. Following the completion of the sale, the director now owns 6,480 shares in the company, valued at $5,151,600. The disclosure for this sale can be found here. Insiders have sold 70,956 shares of company stock valued at $57,252,931 in the last ninety days. 0.90% of the stock is currently owned by insiders.

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.