Flossbach Von Storch SE Lowers Position in BlackRock (NYSE:BLK)

Flossbach Von Storch SE decreased its position in shares of BlackRock (NYSE:BLK - Free Report) by 15.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,929 shares of the asset manager's stock after selling 30,142 shares during the period. Flossbach Von Storch SE owned 0.11% of BlackRock worth $157,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in BLK. Polar Capital Holdings Plc acquired a new stake in shares of BlackRock during the fourth quarter worth $15,307,000. Community Financial Services Group LLC raised its stake in shares of BlackRock by 17.2% during the 1st quarter. Community Financial Services Group LLC now owns 5,702 shares of the asset manager's stock valued at $5,397,000 after buying an additional 836 shares during the last quarter. Kennedy Investment Group purchased a new stake in shares of BlackRock in the first quarter worth about $568,000. 3Chopt Investment Partners LLC purchased a new position in BlackRock in the first quarter valued at $578,000. Finally, State of Alaska Department of Revenue grew its holdings in BlackRock by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 17,057 shares of the asset manager's stock valued at $16,144,000 after purchasing an additional 457 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the firm's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $912.50, for a total value of $9,125,000.00. Following the completion of the sale, the director directly owned 66,034 shares in the company, valued at approximately $60,256,025. This trade represents a 13.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.98% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on BLK. Wall Street Zen upgraded BlackRock to a "hold" rating in a research report on Saturday, May 24th. UBS Group restated a "neutral" rating and issued a $980.00 price objective on shares of BlackRock in a report on Tuesday. Wells Fargo & Company reiterated an "overweight" rating on shares of BlackRock in a report on Tuesday. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,115.00 price target on shares of BlackRock in a research report on Tuesday. Finally, Morgan Stanley restated an "overweight" rating and set a $1,164.00 target price on shares of BlackRock in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,126.31.

BlackRock Stock Performance

BlackRock stock traded up $14.01 on Thursday, hitting $1,102.76. The company's stock had a trading volume of 156,992 shares, compared to its average volume of 788,319. The firm has a market cap of $170.85 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 3.20 and a beta of 1.41. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.38. BlackRock has a one year low of $773.74 and a one year high of $1,105.09. The company has a fifty day moving average price of $989.46 and a 200-day moving average price of $970.84.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, beating analysts' consensus estimates of $10.84 by $0.46. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.47 billion. BlackRock had a return on equity of 15.57% and a net margin of 30.09%. The firm's quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $9.81 earnings per share. On average, equities analysts anticipate that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Thursday, June 5th were issued a dividend of $5.21 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.89%. BlackRock's payout ratio 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.