Van Lanschot Kempen Investment Management N.V. Has $60.91 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Van Lanschot Kempen Investment Management N.V. trimmed its holdings in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 9.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,420 shares of the asset manager's stock after selling 6,294 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in BlackRock were worth $60,912,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. IAG Wealth Partners LLC acquired a new stake in BlackRock during the fourth quarter valued at approximately $26,000. Collier Financial bought a new position in shares of BlackRock during the 4th quarter worth approximately $32,000. Compass Planning Associates Inc bought a new stake in BlackRock in the fourth quarter valued at $33,000. Atwood & Palmer Inc. acquired a new position in BlackRock during the fourth quarter worth $36,000. Finally, West Financial Advisors LLC bought a new position in shares of BlackRock during the fourth quarter valued at $39,000. Institutional investors own 80.69% of the company's stock.

BlackRock Stock Down 0.9 %

NYSE BLK traded down $7.98 on Friday, reaching $908.28. The company had a trading volume of 444,406 shares, compared to its average volume of 916,604. The company's fifty day moving average is $923.39 and its 200-day moving average is $983.77. The firm has a market capitalization of $141.01 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. BlackRock, Inc. has a 1-year low of $748.78 and a 1-year high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share 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 during the quarter, compared to analysts' expectations of $5.47 billion. During the same period in the prior year, the firm earned $9.81 earnings per share. BlackRock's revenue for the quarter was up 11.6% compared to the same quarter last year. On average, research analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a $5.21 dividend. The ex-dividend date was Friday, March 7th. This is an increase from BlackRock's previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.29%. BlackRock's dividend payout ratio (DPR) is 50.63%.

Wall Street Analysts Forecast Growth

BLK has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Citigroup decreased their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating for the company in a report on Monday, April 14th. StockNews.com started coverage on BlackRock in a research note on Tuesday. They issued a "hold" rating for the company. Finally, TD Cowen reduced their price objective on shares of 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. 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 presently has an average rating of "Moderate Buy" and an average price target of $1,077.08.

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 430 shares of BlackRock stock in a transaction on Friday, February 28th. The shares were sold at an average price of $949.37, for a total value of $408,229.10. Following the sale, the director now directly owns 3,720 shares in the company, valued at approximately $3,531,656.40. The trade was a 10.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 12,430 shares of company stock valued at $12,838,649 over the last 90 days. 1.98% of the stock is owned by corporate insiders.

BlackRock 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.