E. Ohman J or Asset Management AB Acquires Shares of 45,150 BlackRock, Inc. (NYSE:BLK)

E. Ohman J or Asset Management AB bought a new stake in shares of BlackRock, Inc. (NYSE:BLK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 45,150 shares of the asset manager’s stock, valued at approximately $46,284,000. BlackRock comprises 1.1% of E. Ohman J or Asset Management AB’s holdings, making the stock its 21st biggest position.

Other hedge funds have also made changes to their positions in the company. Marino Stram & Associates LLC grew its position in BlackRock by 0.3% in the 3rd quarter. Marino Stram & Associates LLC now owns 3,399 shares of the asset manager’s stock worth $3,227,000 after purchasing an additional 10 shares during the last quarter. Fidelity D & D Bancorp Inc. boosted its position in BlackRock by 3.7% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock worth $263,000 after acquiring an additional 10 shares during the period. Princeton Global Asset Management LLC grew its stake in shares of BlackRock by 8.7% in the fourth quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager’s stock worth $128,000 after purchasing an additional 10 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its position in shares of BlackRock by 3.5% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager’s stock worth $312,000 after buying an additional 11 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in BlackRock by 0.3% in the third quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager’s stock worth $3,251,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the transaction, the director now directly owns 68,433 shares in the company, valued at approximately $73,403,973.12. This trade represents a 12.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $6,777,432. This represents a 84.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,190 shares of company stock worth $115,163,141 over the last ninety days. 0.90% of the stock is currently owned by insiders.

BlackRock Stock Performance

BLK stock opened at $1,014.90 on Tuesday. The stock has a market cap of $157.19 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The firm has a 50 day simple moving average of $1,026.43 and a 200 day simple moving average of $963.86. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,084.22.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter last year, the firm earned $9.66 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. Research analysts anticipate that BlackRock, Inc. will post 47.45 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is presently 48.57%.

Analyst Ratings Changes

BLK has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods reduced their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a report on Monday, January 13th. TD Cowen upped their price target on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Citigroup raised their price objective on BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, JPMorgan Chase & Co. increased their price target on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,120.67.

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.