Nelson Van Denburg & Campbell Wealth Management Group LLC reduced its position in shares of BlackRock, Inc. (NYSE:BLK) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,760 shares of the asset manager’s stock after selling 118 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in BlackRock were worth $1,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alpha Windward LLC increased its position in BlackRock by 0.6% in the first quarter. Alpha Windward LLC now owns 487 shares of the asset manager’s stock worth $187,000 after buying an additional 3 shares during the period. Eqis Capital Management Inc. increased its position in shares of BlackRock by 0.5% in the first quarter. Eqis Capital Management Inc. now owns 609 shares of the asset manager’s stock valued at $233,000 after buying an additional 3 shares during the last quarter. JNBA Financial Advisors increased its position in shares of BlackRock by 0.4% in the first quarter. JNBA Financial Advisors now owns 910 shares of the asset manager’s stock valued at $349,000 after buying an additional 4 shares during the last quarter. Bangor Savings Bank increased its position in shares of BlackRock by 0.7% in the first quarter. Bangor Savings Bank now owns 1,165 shares of the asset manager’s stock valued at $446,000 after buying an additional 8 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of BlackRock by 0.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,012 shares of the asset manager’s stock valued at $772,000 after buying an additional 10 shares during the last quarter. 80.85% of the stock is owned by institutional investors and hedge funds.

Shares of BlackRock, Inc. (NYSE:BLK) opened at 428.65 on Friday. BlackRock, Inc. has a 12-month low of $336.84 and a 12-month high of $442.84. The company has a market capitalization of $69.81 billion, a PE ratio of 20.57 and a beta of 1.71. The stock’s 50 day moving average price is $424.10 and its 200 day moving average price is $394.52.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Monday, July 17th. The asset manager reported $5.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.39 by $0.15. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.01 billion. BlackRock had a net margin of 29.92% and a return on equity of 11.79%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.78 earnings per share. On average, equities research analysts forecast that BlackRock, Inc. will post $21.90 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 5th will be issued a dividend of $2.50 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.33%. BlackRock’s dividend payout ratio is 47.98%.

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Several brokerages have commented on BLK. Bank of America Corporation reissued a “buy” rating and set a $450.00 target price on shares of BlackRock in a research note on Monday, June 19th. Morgan Stanley reissued an “overweight” rating and set a $476.00 target price (up previously from $460.00) on shares of BlackRock in a research note on Tuesday. Deutsche Bank AG boosted their target price on BlackRock from $447.00 to $449.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Zacks Investment Research raised BlackRock from a “hold” rating to a “buy” rating and set a $480.00 target price for the company in a research note on Tuesday, June 20th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $387.00 target price on shares of BlackRock in a research note on Wednesday, May 17th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $434.93.

In other BlackRock news, insider Jeff A. Smith sold 522 shares of BlackRock stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $421.52, for a total value of $220,033.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Susan Wagner sold 2,500 shares of BlackRock stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $414.31, for a total value of $1,035,775.00. Following the completion of the transaction, the director now directly owns 484,386 shares in the company, valued at $200,685,963.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,522 shares of company stock worth $1,458,798. 1.86% of the stock is currently owned by insiders.

BlackRock Company Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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