BlackRock, Inc. (NYSE:BLK) Holdings Reduced by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB cut its stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 2.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,899 shares of the asset manager's stock after selling 1,251 shares during the period. BlackRock accounts for approximately 1.1% of E. Ohman J or Asset Management AB's holdings, making the stock its 20th biggest holding. E. Ohman J or Asset Management AB's holdings in BlackRock were worth $41,550,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. IAG Wealth Partners LLC purchased a new stake in BlackRock during the 4th quarter worth $26,000. Investment Management Corp VA ADV purchased a new stake in BlackRock during the 4th quarter worth $30,000. Collier Financial purchased a new stake in BlackRock during the 4th quarter worth $32,000. Compass Planning Associates Inc purchased a new stake in BlackRock during the 4th quarter worth $33,000. Finally, Synergy Investment Management LLC acquired a new position in BlackRock in the 4th quarter worth $40,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BLK shares. Barclays boosted their price objective on shares of BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Citigroup cut 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. JPMorgan Chase & Co. cut their price objective on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wall Street Zen upgraded shares of BlackRock to a "hold" rating in a report on Saturday, May 24th. Finally, Wells Fargo & Company boosted their price objective on shares of BlackRock from $1,035.00 to $1,105.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,082.46.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction dated Thursday, April 24th. The shares were 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 represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.98% of the stock is owned by company insiders.

BlackRock Stock Down 0.0%

Shares of BlackRock stock traded down $0.24 during trading on Monday, reaching $988.81. The company had a trading volume of 419,939 shares, compared to its average volume of 689,313. The company has a market cap of $153.19 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. The firm's fifty day moving average is $925.28 and its 200-day moving average is $972.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. BlackRock, Inc. has a fifty-two week low of $752.30 and a fifty-two week high of $1,084.22.

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

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Thursday, June 5th will be paid a dividend of $5.21 per share. The ex-dividend date is Thursday, June 5th. This represents a $20.84 annualized dividend and a yield of 2.11%. BlackRock's dividend payout ratio (DPR) is 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.