Rayburn West Financial Services LLC acquired a new position in shares of BlackRock (NYSE:BLK – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,017 shares of the asset manager’s stock, valued at approximately $3,229,000. BlackRock makes up approximately 2.0% of Rayburn West Financial Services LLC’s investment portfolio, making the stock its 17th largest position.
Other hedge funds have also modified their holdings of the company. Birchbrook Inc. purchased a new position in shares of BlackRock during the 4th quarter worth approximately $31,000. LFA Lugano Financial Advisors SA purchased a new position in shares of BlackRock during the 4th quarter worth approximately $32,000. Hopwood Financial Services Inc. increased its stake in shares of BlackRock by 866.7% during the 3rd quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock worth $34,000 after purchasing an additional 26 shares in the last quarter. Collier Financial purchased a new position in shares of BlackRock during the 3rd quarter worth approximately $36,000. Finally, Goodman Advisory Group LLC purchased a new position in shares of BlackRock during the 3rd quarter worth approximately $37,000. 80.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. BNP Paribas Exane raised their target price on shares of BlackRock from $1,290.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of BlackRock from $1,296.00 to $1,380.00 in a research report on Thursday, January 15th. BMO Capital Markets raised their target price on shares of BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Freedom Capital upgraded shares of BlackRock from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,269.06.
BlackRock News Roundup
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
Insider Activity at BlackRock
In other BlackRock news, Director Stephen Cohen sold 225 shares of BlackRock stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $1,069.56, for a total value of $240,651.00. Following the transaction, the director owned 5,661 shares in the company, valued at $6,054,779.16. This trade represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director J. Richard Kushel sold 2,000 shares of BlackRock stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $1,083.05, for a total transaction of $2,166,100.00. Following the completion of the transaction, the director owned 61,980 shares in the company, valued at approximately $67,127,439. This trade represents a 3.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,249 shares of company stock worth $47,671,714 in the last 90 days. Company insiders own 1.92% of the company’s stock.
BlackRock Stock Up 0.2%
Shares of NYSE BLK opened at $1,094.24 on Thursday. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The firm’s 50 day moving average price is $1,007.51 and its 200 day moving average price is $1,055.62. The firm has a market cap of $170.20 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09.
BlackRock (NYSE:BLK – Get Free Report) last announced 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. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.56 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. BlackRock’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter last year, the business earned $9.64 EPS. As a group, sell-side analysts anticipate that BlackRock will post 52.77 earnings per share for the current 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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