Raymond James Trust N.A. trimmed its holdings in BlackRock, Inc. (NYSE:BLK) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,536 shares of the asset manager’s stock after selling 259 shares during the period. Raymond James Trust N.A.’s holdings in BlackRock were worth $10,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. WESPAC Advisors SoCal LLC acquired a new position in shares of BlackRock during the fourth quarter worth about $25,000. Hanson McClain Inc. boosted its position in shares of BlackRock by 425.0% during the fourth quarter. Hanson McClain Inc. now owns 63 shares of the asset manager’s stock worth $25,000 after buying an additional 51 shares during the period. Private Ocean LLC boosted its position in shares of BlackRock by 620.0% during the fourth quarter. Private Ocean LLC now owns 72 shares of the asset manager’s stock worth $28,000 after buying an additional 62 shares during the period. Evolution Wealth Advisors LLC acquired a new position in shares of BlackRock during the fourth quarter worth about $33,000. Finally, Highwater Wealth Management LLC acquired a new position in shares of BlackRock during the fourth quarter worth about $41,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

BLK traded down $2.49 on Monday, hitting $451.86. 578,213 shares of the company were exchanged, compared to its average volume of 612,969. BlackRock, Inc. has a 12 month low of $360.79 and a 12 month high of $557.00. The firm has a market capitalization of $72.14 billion, a PE ratio of 16.78, a PEG ratio of 1.68 and a beta of 1.40. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.11 and a current ratio of 1.11.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, January 16th. The asset manager reported $6.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.35 by ($0.27). BlackRock had a return on equity of 13.51% and a net margin of 30.32%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the company posted $6.24 EPS. The business’s revenue was down 8.8% on a year-over-year basis. On average, research analysts forecast that BlackRock, Inc. will post 27.07 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.92%. The ex-dividend date was Tuesday, March 5th. This is a positive change from BlackRock’s previous quarterly dividend of $3.13. BlackRock’s dividend payout ratio is presently 49.02%.

Several research analysts have recently weighed in on BLK shares. Citigroup reduced their price objective on BlackRock from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Zacks Investment Research reaffirmed a “sell” rating on shares of BlackRock in a research report on Monday, December 31st. Morgan Stanley reduced their price objective on BlackRock from $514.00 to $489.00 and set an “overweight” rating for the company in a research report on Friday, January 4th. Wells Fargo & Co reaffirmed a “hold” rating and set a $410.00 price objective (down from $440.00) on shares of BlackRock in a research report on Tuesday, January 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $427.00 price objective on shares of BlackRock in a research report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $501.53.

In other BlackRock news, COO Robert L. Goldstein sold 5,133 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $443.00, for a total value of $2,273,919.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Laurence Fink sold 25,102 shares of the company’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $418.89, for a total value of $10,514,976.78. The disclosure for this sale can be found here. Insiders have sold 138,650 shares of company stock worth $57,774,089 in the last quarter. 1.75% of the stock is currently owned by corporate insiders.

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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.

Read More: How mutual funds make money

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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