From MarketBeat:

Northeast Investment Management decreased its holdings in BlackRock by 4.1% during the third quarter, selling 861 shares and leaving the firm with 20,153 shares, worth $13,029,000. Several other investors also changed their positions, including the purchase of new shares by several hedge funds. The majority of BlackRock’s stock is currently owned by hedge funds and institutional investors.

Insider trading has been occurring at BlackRock, with the General Counsel and a Director both selling large amounts of stock in January and February. Insider trades have amounted to a total of 43,839 shares worth over $23 million in the last three months.

Research firms have given varying ratings for BlackRock, with five analysts giving it a hold rating and ten giving it a buy rating. Currently, the stock has an average rating of “Moderate Buy” and an average target price of $785.73.

BlackRock is currently trading on the New York Stock Exchange at $788.00 per share. The company’s market cap is $117.22 billion, with a P/E ratio of 21.58 and a beta of 1.38.

BlackRock is expecting to post earnings of $39.64 per share for the current fiscal year. The company recently increased its quarterly dividend to $5.10 per share, with a yield of 2.59%. This represents an increase from the previous quarterly dividend of $5.00.

BlackRock, Inc. is a publicly owned investment manager that provides services to various types of investors, including corporate, public, and individual investors.

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Read more: Northeast Investment Management Sells 861 Shares of BlackRock, Inc. (NYSE:BLK)