Compagnie Lombard Odier SCmA Sells 1,013 Shares of BlackRock, Inc. (NYSE:BLK)

Compagnie Lombard Odier SCmA reduced its stake in BlackRock, Inc. (NYSE:BLK - Free Report) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,455 shares of the asset manager's stock after selling 1,013 shares during the period. Compagnie Lombard Odier SCmA's holdings in BlackRock were worth $34,504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IAG Wealth Partners LLC bought a new stake in shares of BlackRock in the 4th quarter valued at $26,000. Investment Management Corp VA ADV acquired a new position in shares of BlackRock during the 4th quarter worth about $30,000. Compass Planning Associates Inc acquired a new stake in shares of BlackRock during the 4th quarter worth about $33,000. Synergy Investment Management LLC acquired a new position in shares of BlackRock during the 4th quarter worth $40,000. Finally, Curio Wealth LLC bought a new stake in shares of BlackRock during the 4th quarter valued at approximately $41,000. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

Shares of BLK traded down $5.51 during mid-day trading on Thursday, hitting $987.79. The stock had a trading volume of 558,454 shares, compared to its average volume of 688,360. The firm has a market cap of $153.03 billion, a P/E ratio of 23.52, a PEG ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a 52 week low of $758.20 and a 52 week high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The business has a fifty day moving average price of $931.30 and a 200-day moving average price of $972.72.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, beating analysts' consensus estimates of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same period in the prior year, the company posted $9.81 EPS. BlackRock's revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts expect that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be given a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's dividend payout ratio is presently 50.63%.

Insider Activity

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm's stock in a transaction dated 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 sale, the director now owns 66,034 shares in the company, valued at $60,256,025. This trade represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.98% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. TD Cowen decreased their target price on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Barclays increased their price target on BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Bank of America lowered their target price on BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company raised their price objective on shares of BlackRock from $1,035.00 to $1,105.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, BlackRock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,082.46.

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.