Meiji Yasuda Asset Management Co Ltd. cut its stake in BlackRock (NYSE:BLK – Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,056 shares of the asset manager’s stock after selling 586 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in BlackRock were worth $11,834,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Birchbrook Inc. acquired a new position in shares of BlackRock in the 4th quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA acquired a new position in shares of BlackRock in the 4th quarter valued at approximately $32,000. Hopwood Financial Services Inc. raised its position in shares of BlackRock by 866.7% in the 3rd quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock valued at $34,000 after buying an additional 26 shares in the last quarter. Collier Financial acquired a new position in shares of BlackRock in the 3rd quarter valued at approximately $36,000. Finally, Goodman Advisory Group LLC acquired a new position in shares of BlackRock in the 3rd quarter valued at approximately $37,000. 80.69% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at BlackRock
In other BlackRock news, President Robert Kapito sold 8,739 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the transaction, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Laurence Fink sold 33,900 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the completion of the transaction, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. This trade represents a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 45,249 shares of company stock valued at $47,671,714. Insiders own 1.92% of the company’s stock.
BlackRock Price Performance
BlackRock (NYSE:BLK – Get Free Report) last issued its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.56 billion. During the same quarter in the prior year, the firm earned $9.64 EPS. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. Analysts anticipate that BlackRock will post 52.77 earnings per share for the current fiscal year.
BlackRock Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th will be given a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, June 5th. BlackRock’s dividend payout ratio is 57.53%.
Trending Headlines about BlackRock
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock declared a quarterly cash dividend of $5.73 per share, reinforcing its strong capital return profile and signaling confidence in cash flow. BlackRock Declares Quarterly Dividend of $5.73 on Common Stock
- Positive Sentiment: BlackRock’s growing role in digital assets remains a theme, with reports that the firm sent 5,847 Bitcoin worth about $450 million to Coinbase and is also linked to broader tokenization growth narratives. This keeps BlackRock positioned as a major institutional player in crypto infrastructure and alternative asset adoption. BlackRock sends 5,847 Bitcoin worth $450M to Coinbase amid ongoing crypto market swings
- Neutral Sentiment: BlackRock Canada announced final May cash distributions for the iShares Premium Money Market ETF, which is routine fund administration and unlikely to materially affect the parent company’s stock. BlackRock Canada Announces Final May Cash Distributions for the iShares Premium Money Market ETF
- Neutral Sentiment: A valuation-focused article noted recent choppy trading in BLK and mixed short-term returns, suggesting investors are still weighing the stock’s rich valuation against its strong fundamentals. Assessing BlackRock (BLK) Valuation After Recent Share Price Moves
- Negative Sentiment: A WSJ report said some shareholders gave a lukewarm reception to CEO Larry Fink’s $37.7 million compensation package, which could create modest governance headwinds even though it is unlikely to be a major fundamental driver. Fink’s Big Payday Gets Lukewarm Reception From BlackRock Shareholders
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Morgan Stanley boosted their price target on BlackRock from $1,368.00 to $1,393.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. TD Cowen lowered their price target on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Barclays boosted their price target on BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Keefe, Bruyette & Woods boosted their price target on BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Finally, BMO Capital Markets upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and an average price target of $1,269.06.
Check Out Our Latest Report on BlackRock
BlackRock Company 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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