Everhart Financial Group Inc. Has $801,000 Stock Holdings in BlackRock (NYSE:BLK)

Everhart Financial Group Inc. boosted its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 329.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 846 shares of the asset manager's stock after acquiring an additional 649 shares during the period. Everhart Financial Group Inc.'s holdings in BlackRock were worth $801,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in BlackRock by 104,598.9% in the first quarter. GAMMA Investing LLC now owns 3,500,083 shares of the asset manager's stock worth $3,312,759,000 after purchasing an additional 3,496,740 shares during the period. Norges Bank bought a new stake in shares of BlackRock in the 4th quarter valued at $2,356,357,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in BlackRock by 401.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,095,241 shares of the asset manager's stock worth $1,122,743,000 after buying an additional 876,836 shares during the period. Proficio Capital Partners LLC lifted its holdings in BlackRock by 138,682.5% during the fourth quarter. Proficio Capital Partners LLC now owns 634,236 shares of the asset manager's stock worth $634,000 after acquiring an additional 633,779 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in BlackRock in the fourth quarter valued at about $572,730,000. Institutional investors own 80.69% of the company's stock.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $912.50, for a total transaction of $9,125,000.00. Following the completion of the transaction, the director now directly owns 66,034 shares in the company, valued at approximately $60,256,025. The trade was a 13.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.98% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Argus upped their price target on shares of BlackRock from $1,028.00 to $1,090.00 and gave the company a "buy" rating in a report on Tuesday. Citigroup dropped their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wall Street Zen raised BlackRock to a "hold" rating in a research note on Saturday, May 24th. Finally, Bank of America reduced their price objective on BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, BlackRock has an average rating of "Moderate Buy" and an average target price of $1,096.31.

BlackRock Stock Down 1.3%

Shares of NYSE:BLK traded down $13.20 during midday trading on Tuesday, reaching $968.90. The company had a trading volume of 624,773 shares, compared to its average volume of 690,124. The business's 50 day moving average price is $942.61 and its 200 day moving average price is $971.07. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,084.22. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.38. The stock has a market cap of $150.11 billion, a PE ratio of 23.54, a P/E/G ratio of 2.99 and a beta of 1.41.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. BlackRock had a return on equity of 15.57% and a net margin of 30.09%. The company had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the prior year, the business posted $9.81 EPS. The business's revenue was up 11.6% compared to the same quarter last year. Research analysts forecast that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be given a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's dividend payout ratio (DPR) is presently 50.63%.

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.