Trust Co. of Oklahoma Has $1.73 Million Position in BlackRock, Inc. (NYSE:BLK)

Trust Co. of Oklahoma lowered its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,080 shares of the asset manager’s stock after selling 148 shares during the quarter. Trust Co. of Oklahoma’s holdings in BlackRock were worth $1,734,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Abacus Planning Group Inc. raised its position in shares of BlackRock by 4.0% during the fourth quarter. Abacus Planning Group Inc. now owns 334 shares of the asset manager’s stock worth $271,000 after purchasing an additional 13 shares during the period. Knuff & Co LLC raised its position in shares of BlackRock by 48.1% during the fourth quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock worth $32,000 after purchasing an additional 13 shares during the period. Everhart Financial Group Inc. raised its position in shares of BlackRock by 3.2% during the fourth quarter. Everhart Financial Group Inc. now owns 450 shares of the asset manager’s stock worth $365,000 after purchasing an additional 14 shares during the period. Spreng Capital Management Inc. raised its position in BlackRock by 1.1% in the 4th quarter. Spreng Capital Management Inc. now owns 1,329 shares of the asset manager’s stock valued at $1,079,000 after buying an additional 14 shares during the last quarter. Finally, Magellan Asset Management Ltd raised its position in BlackRock by 3.6% in the 4th quarter. Magellan Asset Management Ltd now owns 404 shares of the asset manager’s stock valued at $328,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BLK shares. Morgan Stanley lifted their target price on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. lifted their target price on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $915.00 target price on shares of BlackRock in a research report on Tuesday. Finally, UBS Group upped their price objective on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and a consensus price target of $844.17.

Insider Buying and Selling at BlackRock

In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $807.29, for a total value of $25,008,229.62. Following the transaction, the chief executive officer now directly owns 383,168 shares of the company’s stock, valued at approximately $309,327,694.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Mark Wiedman sold 9,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $795.00, for a total transaction of $7,155,000.00. Following the sale, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,151,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Laurence Fink sold 30,978 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $807.29, for a total value of $25,008,229.62. Following the sale, the chief executive officer now directly owns 383,168 shares in the company, valued at $309,327,694.72. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

Shares of BLK stock traded down $0.28 during trading on Wednesday, reaching $788.85. 250,799 shares of the company’s stock were exchanged, compared to its average volume of 600,858. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $117.22 billion, a PE ratio of 20.05, a PEG ratio of 1.63 and a beta of 1.32. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $845.00. The firm’s fifty day moving average price is $780.22 and its 200-day moving average price is $792.74.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, topping analysts’ consensus estimates of $9.42 by $0.39. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.65 billion. BlackRock had a return on equity of 15.24% and a net margin of 32.26%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.93 EPS. As a group, sell-side analysts anticipate that BlackRock, Inc. will post 41.25 EPS for the current year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were issued a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Friday, June 7th. BlackRock’s dividend payout ratio is 51.84%.

About BlackRock

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.