Skandinaviska Enskilda Banken AB publ reduced its position in BlackRock, Inc. (NYSE:BLK) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,532 shares of the asset manager’s stock after selling 202 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in BlackRock were worth $7,874,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC increased its position in shares of BlackRock by 168.2% in the first quarter. Ballentine Partners LLC now owns 1,612 shares of the asset manager’s stock worth $619,000 after buying an additional 1,011 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of BlackRock by 48.9% in the first quarter. Proficio Capital Partners LLC now owns 259 shares of the asset manager’s stock worth $103,000 after buying an additional 85 shares in the last quarter. Stonebridge Capital Advisors LLC increased its position in shares of BlackRock by 0.7% in the first quarter. Stonebridge Capital Advisors LLC now owns 17,502 shares of the asset manager’s stock worth $6,712,000 after buying an additional 115 shares in the last quarter. Achmea Investment Management B.V. bought a new position in shares of BlackRock during the first quarter worth approximately $2,421,000. Finally, Cambridge Trust Co. increased its position in shares of BlackRock by 3.6% in the first quarter. Cambridge Trust Co. now owns 39,488 shares of the asset manager’s stock worth $15,144,000 after buying an additional 1,371 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

BlackRock, Inc. (NYSE BLK) traded up 0.12% during midday trading on Friday, reaching $426.51. 412,611 shares of the company were exchanged. The company has a market capitalization of $69.18 billion, a PE ratio of 20.47 and a beta of 1.71. BlackRock, Inc. has a 52 week low of $336.84 and a 52 week high of $442.83. The firm has a 50-day moving average price of $427.11 and a 200-day moving average price of $397.31.

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 analysts’ consensus estimates of $5.39 by $0.15. BlackRock had a net margin of 29.92% and a return on equity of 11.79%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the firm posted $4.78 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts anticipate that BlackRock, Inc. will post $21.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 5th will be issued a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, August 31st. BlackRock’s dividend payout ratio (DPR) is presently 47.98%.

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A number of brokerages have commented on BLK. BidaskClub downgraded shares of BlackRock from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of BlackRock from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley restated an “overweight” rating and issued a $476.00 target price (up from $460.00) on shares of BlackRock in a research note on Tuesday, July 18th. Deutsche Bank AG restated a “buy” rating and issued a $455.00 target price (down from $465.00) on shares of BlackRock in a research note on Tuesday, July 18th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $534.00 target price on shares of BlackRock in a research note on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $434.93.

In other BlackRock news, insider Mark Mccombe sold 500 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $405.98, for a total transaction of $202,990.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeff A. Smith sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $434.87, for a total transaction of $108,717.50. The disclosure for this sale can be found here. Insiders have sold a total of 3,772 shares of company stock valued at $1,567,516 in the last quarter. 1.86% of the stock is currently owned by company 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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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