Myriad Asset Management Advisors LLC acquired a new position in shares of BlackRock (NYSE:BLK – Free Report) during the 4th quarter, Holdings Channel reports. The firm acquired 1,249 shares of the asset manager’s stock, valued at approximately $1,337,000.
Several other large investors have also recently added to or reduced their stakes in the company. Shum Financial Group Inc. increased its position in BlackRock by 0.4% during the 4th quarter. Shum Financial Group Inc. now owns 2,183 shares of the asset manager’s stock worth $2,336,000 after buying an additional 9 shares during the period. First Bancorp Inc ME increased its position in BlackRock by 2.9% during the 4th quarter. First Bancorp Inc ME now owns 321 shares of the asset manager’s stock worth $344,000 after buying an additional 9 shares during the period. Rather & Kittrell Inc. increased its position in BlackRock by 2.1% during the 4th quarter. Rather & Kittrell Inc. now owns 430 shares of the asset manager’s stock worth $461,000 after buying an additional 9 shares during the period. Oakworth Capital Inc. increased its position in shares of BlackRock by 1.2% in the fourth quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager’s stock worth $808,000 after purchasing an additional 9 shares during the period. Finally, Tortoise Investment Management LLC increased its position in shares of BlackRock by 23.8% in the third quarter. Tortoise Investment Management LLC now owns 52 shares of the asset manager’s stock worth $61,000 after purchasing an additional 10 shares during the period. Institutional investors own 80.69% of the company’s stock.
Insider Transactions at BlackRock
In other BlackRock news, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the transaction, the chief executive officer owned 230,516 shares in the company, valued at $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction dated 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 owned 210,186 shares in the company, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.92% of the company’s stock.
BlackRock Stock Performance
BlackRock (NYSE:BLK – Get Free Report) last released its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) 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 firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.56 billion. During the same quarter in the previous year, the business posted $9.64 earnings per share. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. As a group, analysts expect that BlackRock will post 52.8 earnings per share for the current fiscal year.
BlackRock Dividend Announcement
The firm also recently announced 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, June 5th. BlackRock’s payout ratio is currently 57.53%.
BlackRock News Summary
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock announced a new Bitcoin Premium Income ETF with a 0.65% fee, pricing it below some rivals as it prepares to compete for crypto-focused assets. The move could support fee revenue and reinforce BlackRock’s leadership in digital-asset ETFs. BlackRock Unveils 0.65% Fee Structure for Bitcoin Premium Income ETF (BITA)
- Positive Sentiment: BlackRock continues to dominate U.S. spot Bitcoin ETF flows alongside Fidelity, suggesting strong demand for its iShares crypto products even as broader Bitcoin ETF flows have been volatile. BlackRock and Fidelity Dominate U.S. Bitcoin ETF Flows
- Positive Sentiment: BlackRock also launched a new space exploration ETF, adding another thematic product that could attract investor inflows and highlight its ability to expand into fast-growing niches. BlackRock Launches Space ETF as Sector Pulls In $8 Billion
- Positive Sentiment: BlackRock confirmed a quarterly dividend of $5.73 per share, reinforcing its strong cash-generation profile and shareholder-return appeal. BlackRock Inc (BLK) Offers Dividend As It Sees Crypto Shaping Markets
- Neutral Sentiment: BlackRock sold about $230 million in Bitcoin while buying Ethereum, which may reflect portfolio rebalancing within its crypto strategy rather than a clear bullish or bearish signal for the stock. BlackRock sells $230M in Bitcoin while scooping up Ethereum in notable portfolio shift
- Neutral Sentiment: An Orion Corporation filing showed BlackRock’s ownership fell below 5%, but this looks like a routine holdings disclosure and is unlikely to materially affect BLK shares on its own. Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
- Neutral Sentiment: BlackRock’s commentary warning about quantum-computing risks to Bitcoin and Ethereum is notable for the crypto industry, but it is more of a long-term risk discussion than an immediate driver for BLK stock. BlackRock Warns Bitcoin And Ethereum Investors About Quantum Computing
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on BLK shares. Weiss Ratings upgraded BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. BMO Capital Markets raised their price target on BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. UBS Group raised their price target on BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Jefferies Financial Group decreased their price target on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price target on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,264.61.
Get Our Latest Research 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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