MassMutual Private Wealth & Trust FSB Sells 826 Shares of BlackRock, Inc. (NYSE:BLK)

MassMutual Private Wealth & Trust FSB decreased its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,004 shares of the asset manager's stock after selling 826 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in BlackRock were worth $18,933,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in BlackRock by 1.7% in the fourth quarter. Amalgamated Bank now owns 28,711 shares of the asset manager's stock valued at $29,432,000 after acquiring an additional 489 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in BlackRock by 4.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,480 shares of the asset manager's stock worth $12,793,000 after buying an additional 578 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in BlackRock by 6.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager's stock worth $67,038,000 after buying an additional 4,210 shares during the last quarter. E. Ohman J or Asset Management AB acquired a new stake in shares of BlackRock during the fourth quarter worth about $46,284,000. Finally, Polar Capital Holdings Plc acquired a new stake in shares of BlackRock during the fourth quarter worth about $15,307,000. Institutional investors own 80.69% of the company's stock.

Wall Street Analyst Weigh In

BLK has been the topic of a number of research analyst reports. Barclays raised their price target on BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. Citigroup dropped their price target on BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. TD Cowen dropped their price target on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen raised BlackRock to a "hold" rating in a research report on Saturday, May 24th. Finally, UBS Group dropped their target price on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,077.08.

Insider Transactions at BlackRock

In related news, Director J. Richard Kushel sold 2,000 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $852.01, for a total value of $1,704,020.00. Following the completion of the sale, the director now directly owns 66,034 shares in the company, valued at $56,261,628.34. The trade was a 2.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.98% of the stock is currently owned by corporate insiders.

BlackRock Stock Down 1.2%

Shares of NYSE:BLK traded down $11.60 during trading on Monday, hitting $968.29. 168,964 shares of the company were exchanged, compared to its average volume of 688,900. The stock has a market cap of $150.01 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a fifty-two week low of $752.30 and a fifty-two week high of $1,084.22. The firm has a fifty day moving average price of $922.34 and a two-hundred day moving average price of $974.57. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping the consensus estimate of $10.84 by $0.46. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the company posted $9.81 EPS. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, research analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be paid a dividend of $5.21 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $20.84 annualized dividend and a dividend yield of 2.15%. BlackRock's dividend payout ratio is currently 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.