BlackRock, Inc. (NYSE:BLK) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,486 shares of the asset manager's stock after selling 4,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in BlackRock were worth $51,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IAG Wealth Partners LLC bought a new position in shares of BlackRock in the fourth quarter valued at approximately $26,000. Investment Management Corp VA ADV purchased a new position in shares of BlackRock in the 4th quarter worth about $30,000. Compass Planning Associates Inc bought a new stake in BlackRock in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new position in BlackRock during the fourth quarter valued at approximately $40,000. Finally, Curio Wealth LLC purchased a new position in shares of BlackRock during the fourth quarter worth approximately $41,000. Institutional investors own 80.69% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on BLK shares. UBS Group reduced their price target on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Citigroup lowered their price objective on BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, April 14th. TD Cowen decreased their target price on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Barclays boosted their target price on BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,082.46.

BlackRock Stock Up 1.3%

NYSE:BLK traded up $12.91 during midday trading on Monday, hitting $984.73. 151,033 shares of the company were exchanged, compared to its average volume of 688,350. 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, Inc. has a fifty-two week low of $766.05 and a fifty-two week high of $1,084.22. The company has a market capitalization of $152.56 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. The company has a fifty day simple moving average of $937.84 and a 200 day simple moving average of $971.37.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data 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. 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 analysts' expectations of $5.47 billion. During the same quarter in the previous year, the business earned $9.81 earnings per share. The firm's revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently disclosed 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 is Thursday, June 5th. This represents a $20.84 annualized dividend and a dividend yield of 2.12%. BlackRock's dividend payout ratio is presently 50.63%.

Insider Buying and Selling at BlackRock

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

About BlackRock

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.