BlackRock, Inc. (NYSE:BLK) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC reduced its position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 57.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,263 shares of the asset manager's stock after selling 4,374 shares during the period. Integrated Advisors Network LLC's holdings in BlackRock were worth $3,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IAG Wealth Partners LLC purchased a new position in BlackRock in the fourth quarter valued at $26,000. Investment Management Corp VA ADV purchased a new position in BlackRock in the fourth quarter valued at $30,000. Compass Planning Associates Inc purchased a new position in BlackRock in the fourth quarter valued at $33,000. Synergy Investment Management LLC purchased a new position in BlackRock in the fourth quarter valued at $40,000. Finally, Curio Wealth LLC acquired a new stake in BlackRock in the fourth quarter valued at $41,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Stock Performance

BLK stock traded down $17.01 during trading on Friday, hitting $971.24. The company had a trading volume of 674,277 shares, compared to its average volume of 690,463. The firm has a market cap of $150.47 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a 1-year low of $766.05 and a 1-year high of $1,084.22. The firm has a 50-day moving average price of $937.84 and a 200-day moving average price of $971.71. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45.

BlackRock (NYSE:BLK - Get Free Report) last released its earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (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 for the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the previous year, the firm posted $9.81 EPS. The firm's quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts expect that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Announces Dividend

The company also recently declared 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. This represents a $20.84 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's dividend payout ratio (DPR) is 50.63%.

Insider Transactions at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $912.50, for a total value of $9,125,000.00. Following the sale, the director now owns 66,034 shares of the company's stock, valued at approximately $60,256,025. This represents a 13.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.98% of the company's stock.

Analyst Ratings Changes

BLK has been the topic of a number of analyst reports. TD Cowen cut their price target on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley cut their price target on BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Citigroup cut their price target on BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company raised their price target on BlackRock from $1,035.00 to $1,105.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, Barclays boosted their target price on BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.