Evercore Wealth Management LLC raised its stake in shares of BlackRock, Inc. (NYSE:BLK) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,203 shares of the asset manager’s stock after purchasing an additional 2,129 shares during the period. BlackRock accounts for 1.5% of Evercore Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Evercore Wealth Management LLC owned about 0.06% of BlackRock worth $45,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLK. Flossbach Von Storch AG purchased a new position in BlackRock during the third quarter valued at $128,258,000. Cornerstone Wealth Management LLC purchased a new position in BlackRock during the second quarter valued at $377,000. BlackRock Inc. lifted its holdings in BlackRock by 2.1% during the second quarter. BlackRock Inc. now owns 7,601,685 shares of the asset manager’s stock valued at $3,793,546,000 after purchasing an additional 153,749 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new position in BlackRock during the second quarter valued at $202,000. Finally, Renaissance Technologies LLC lifted its holdings in BlackRock by 107.2% during the third quarter. Renaissance Technologies LLC now owns 219,000 shares of the asset manager’s stock valued at $103,221,000 after purchasing an additional 113,300 shares in the last quarter. 83.14% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director William E. Ford acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 17th. The stock was purchased at an average cost of $409.59 per share, for a total transaction of $819,180.00. Following the completion of the transaction, the director now owns 7,466 shares in the company, valued at $3,057,998.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J. Richard Kushel sold 2,100 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $419.11, for a total transaction of $880,131.00. The disclosure for this sale can be found here. 1.86% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of BlackRock from $554.00 to $514.00 and set an “overweight” rating on the stock in a report on Wednesday, November 14th. Deutsche Bank decreased their price objective on shares of BlackRock from $458.00 to $444.00 and set a “buy” rating on the stock in a report on Friday, November 16th. ValuEngine raised shares of BlackRock from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Argus decreased their price objective on shares of BlackRock from $620.00 to $535.00 and set a “buy” rating on the stock in a report on Wednesday, October 17th. Finally, Zacks Investment Research raised shares of BlackRock from a “sell” rating to a “hold” rating in a report on Friday, August 31st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. BlackRock has an average rating of “Buy” and a consensus price target of $554.31.

Shares of NYSE BLK opened at $408.75 on Thursday. The stock has a market capitalization of $64.46 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.27 and a beta of 1.55. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.76. BlackRock, Inc. has a 52 week low of $376.31 and a 52 week high of $594.52.

BlackRock (NYSE:BLK) last issued its earnings results on Tuesday, October 16th. The asset manager reported $7.52 EPS for the quarter, beating the Zacks’ consensus estimate of $6.93 by $0.59. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. BlackRock had a net margin of 39.92% and a return on equity of 13.72%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $5.76 earnings per share. As a group, equities research analysts predict that BlackRock, Inc. will post 27.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Friday, December 7th will be given a $3.13 dividend. This represents a $12.52 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Thursday, December 6th. BlackRock’s dividend payout ratio (DPR) is 55.40%.

ILLEGAL ACTIVITY WARNING: This report was first posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://www.watchlistnews.com/blackrock-inc-blk-holdings-boosted-by-evercore-wealth-management-llc/2664546.html.

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.

Read More: How to Invest in an Index Fund

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.