BlackRock, Inc. (NYSE:BLK) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lessened its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 2.7% in the first quarter, according to the company in its most recent 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 reporting period.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on BLK. UBS Group dropped their price target on shares of BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. TD Cowen lowered their price target on BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company upped 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. 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, Bank of America dropped their target price on shares of BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,082.46.

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $852.01, for a total value of $1,704,020.00. Following the completion of the sale, the director now directly owns 66,034 shares of the company’s stock, valued at $56,261,628.34. This represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.98% of the company’s stock.

BlackRock Trading Up 0.1%

BlackRock stock opened at $993.30 on Thursday. BlackRock, Inc. has a one year low of $758.20 and a one year high of $1,084.22. The company’s fifty day moving average price is $931.30 and its two-hundred day moving average price is $972.72. 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 company has a market capitalization of $153.89 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.90 and a beta of 1.41.

BlackRock (NYSE:BLK) last issued its quarterly earnings data 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 return on equity of 16.32% and a net margin of 31.21%. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the prior year, the firm posted $9.81 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently announced 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 2.10%. BlackRock’s payout ratio is 50.63%.

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.