Independent Advisor Alliance raised its stake in BlackRock (NYSE:BLK – Free Report) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,419 shares of the asset manager’s stock after buying an additional 830 shares during the quarter. Independent Advisor Alliance’s holdings in BlackRock were worth $4,730,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in BLK. Brighton Jones LLC boosted its position in shares of BlackRock by 23.1% during the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after purchasing an additional 296 shares during the period. Bison Wealth LLC boosted its position in shares of BlackRock by 1.6% during the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock worth $1,078,000 after purchasing an additional 17 shares during the period. Schnieders Capital Management LLC. acquired a new stake in shares of BlackRock in the second quarter valued at $259,000. Nebula Research & Development LLC acquired a new stake in shares of BlackRock in the second quarter valued at $548,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of BlackRock in the second quarter valued at $98,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.
More BlackRock News
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock’s tokenized fund strategy is gaining momentum, with new partners and growing interest in its BUIDL product signaling stronger adoption of its digital-asset infrastructure. BlackRock Inc (BLK) Expands Tokenized Money-Market Fund
- Positive Sentiment: Investors are reacting to BlackRock’s push deeper into tokenized funds and digital assets, reinforcing the view that the firm could benefit from blockchain-related growth. How Investors Are Reacting To BlackRock (BLK) Doubling Down On Tokenized Funds And Digital Asset Infrastructure
- Positive Sentiment: Analysts and commentators continue to frame BlackRock as a top dividend and long-term financial franchise, supporting the bull case for the stock. Why BlackRock (BLK) is a Top Dividend Stock for Your Portfolio
- Neutral Sentiment: BlackRock Canada announced monthly cash distributions for several iShares ETFs; this is routine fund administration and not a major company-level catalyst. BlackRock Canada Announces May Cash Distributions for the iShares ETFs
- Neutral Sentiment: A new bill proposing “skill savings accounts” could theoretically create a new savings-product channel for large financial firms, but any impact on BlackRock would be long-dated and uncertain. New Bill: Representative Glenn Thompson introduces H.R. 8714: Skill Savings Account Act of 2026
- Neutral Sentiment: BlackRock executives’ comments on inflation and AI are informative, but they do not appear to change the company’s near-term fundamentals. BlackRock’s Rosenberg says inflation could actually be peaking in recent data
Analysts Set New Price Targets
View Our Latest Analysis on BLK
Insiders Place Their Bets
In other news, CEO Laurence Fink sold 33,900 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the completion of the transaction, the chief executive officer owned 230,516 shares in the company, valued at approximately $242,168,583.80. This represents a 12.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen Cohen sold 225 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $1,069.56, for a total transaction of $240,651.00. Following the completion of the transaction, the director owned 5,661 shares of the company’s stock, valued at approximately $6,054,779.16. The trade was a 3.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,249 shares of company stock valued at $47,671,714 in the last three months. Corporate insiders own 1.92% of the company’s stock.
BlackRock Trading Up 0.2%
Shares of NYSE:BLK opened at $1,094.24 on Thursday. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company’s 50 day moving average is $1,007.51 and its two-hundred day moving average is $1,055.62. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. The company has a market cap of $170.20 billion, a PE ratio of 27.47, a P/E/G ratio of 1.43 and a beta of 1.44.
BlackRock (NYSE:BLK – Get Free Report) last posted its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $12.40 by $0.13. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.56 billion. During the same period last year, the firm earned $9.64 earnings per share. BlackRock’s quarterly revenue was up 27.0% on a year-over-year basis. Equities analysts predict that BlackRock will post 52.77 earnings per share for the current fiscal year.
BlackRock Profile
BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
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