Geneos Wealth Management Inc. Has $458,000 Stake in BlackRock, Inc. (NYSE:BLK)

Geneos Wealth Management Inc. trimmed its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 21.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 564 shares of the asset manager’s stock after selling 152 shares during the quarter. Geneos Wealth Management Inc.’s holdings in BlackRock were worth $458,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Abacus Planning Group Inc. boosted its stake in shares of BlackRock by 4.0% in the 4th quarter. Abacus Planning Group Inc. now owns 334 shares of the asset manager’s stock valued at $271,000 after purchasing an additional 13 shares in the last quarter. Everhart Financial Group Inc. boosted its stake 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 valued at $365,000 after purchasing an additional 14 shares in the last quarter. Spreng Capital Management Inc. boosted its stake in shares of BlackRock by 1.1% in the 4th quarter. Spreng Capital Management Inc. now owns 1,329 shares of the asset manager’s stock valued at $1,079,000 after purchasing an additional 14 shares in the last quarter. Holderness Investments Co. boosted its stake in shares of BlackRock by 2.6% in the 2nd quarter. Holderness Investments Co. now owns 602 shares of the asset manager’s stock valued at $416,000 after purchasing an additional 15 shares in the last quarter. Finally, Inscription Capital LLC boosted its stake in shares of BlackRock by 1.2% in the 4th quarter. Inscription Capital LLC now owns 1,274 shares of the asset manager’s stock valued at $1,034,000 after purchasing an additional 15 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Trading Down 2.9 %

BLK opened at $763.40 on Friday. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. The stock has a market cap of $113.70 billion, a PE ratio of 19.40, a PEG ratio of 1.69 and a beta of 1.37. The business has a 50 day moving average of $808.88 and a 200-day moving average of $752.88.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a return on equity of 14.74% and a net margin of 30.81%. The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the company earned $7.93 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts predict that BlackRock, Inc. will post 41.32 earnings per share for the current fiscal year.

Insider Activity at BlackRock

In related news, insider Marc D. Comerchero sold 450 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $785.11, for a total transaction of $353,299.50. Following the completion of the transaction, the insider now owns 5,975 shares of the company’s stock, valued at approximately $4,691,032.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other BlackRock news, insider Marc D. Comerchero sold 450 shares of BlackRock stock in a transaction on Monday, February 5th. The stock was sold at an average price of $785.11, for a total value of $353,299.50. Following the completion of the sale, the insider now owns 5,975 shares of the company’s stock, valued at approximately $4,691,032.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Christopher J. Meade sold 18,000 shares of BlackRock stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $282.54, for a total value of $5,085,660.60. Following the completion of the sale, the general counsel now directly owns 11,914 shares of the company’s stock, valued at approximately $3,366,142.24. The disclosure for this sale can be found here. Insiders sold a total of 100,511 shares of company stock valued at $71,864,028 in the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. TD Cowen raised shares of BlackRock from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $819.00 to $938.00 in a research note on Tuesday, January 16th. UBS Group increased 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. JPMorgan Chase & Co. increased their price target on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $802.29.

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.