Capital International Investors increased its position in shares of BlackRock (NYSE:BLK – Free Report) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,976,762 shares of the asset manager’s stock after acquiring an additional 135,674 shares during the period. Capital International Investors’ holdings in BlackRock were worth $2,116,082,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Evolution Wealth Management Inc. bought a new stake in shares of BlackRock in the 4th quarter worth approximately $26,000. Birchbrook Inc. purchased a new position in shares of BlackRock in the fourth quarter worth $31,000. LFA Lugano Financial Advisors SA purchased a new position in shares of BlackRock in the fourth quarter worth $32,000. Basepoint Wealth LLC purchased a new position in shares of BlackRock in the fourth quarter worth $32,000. Finally, Hopwood Financial Services Inc. increased its stake in shares of BlackRock by 866.7% in the third quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock worth $34,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.
BlackRock Price Performance
NYSE:BLK opened at $996.54 on Friday. The business has a 50 day simple moving average of $1,033.61 and a 200-day simple moving average of $1,051.36. The firm has a market capitalization of $154.69 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94.
BlackRock Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Friday, June 5th will be given a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, June 5th. BlackRock’s dividend payout ratio is currently 57.53%.
Key BlackRock News
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) reported its first daily inflow in 13 days, bringing in $47.66 million and ending a recent streak of outflows. That suggests at least some stabilization in one of BlackRock’s most-watched ETF products. BlackRock Records First Bitcoin ETF Inflow in 13 Days
- Positive Sentiment: BlackRock executives sounded constructive on the macro backdrop, with commentary on a solid U.S. jobs report, AI-driven market trends, and the Fed’s likely patience on rates. Softer rate-hike expectations can support risk assets and asset-manager sentiment. BlackRock’s Rieder Talks Jobs Report, AI and Markets
- Positive Sentiment: BlackRock disclosed that its combined stake in Orion Corporation rose above 5%, highlighting ongoing portfolio activity and continued influence as a major global shareholder. Orion Corporation Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
- Neutral Sentiment: One analyst write-up said BlackRock’s fair value estimate was trimmed only slightly, pointing to mixed Street views rather than a major shift in fundamentals. Why The Narrative Around BlackRock (BLK) Is Shifting After Mixed Analyst Target Resets
- Neutral Sentiment: BlackRock’s portfolio manager Jeffrey Rosenberg said the Fed is not in a hurry to raise rates, reinforcing the view that policy may remain supportive for markets, though the comment itself is not company-specific. Fed Is In No Hurry To Raise Rates, BlackRock’s Rosenberg Says
- Negative Sentiment: BlackRock was also included in a sector-wide selloff tied to redemption concerns around Cliffwater’s Corporate Lending Fund, which raised fresh worries about liquidity in alternative credit products. Alternative Managers Shares Slip as Cliffwater Redemption Fears Mount
- Negative Sentiment: Broader crypto headlines remain a headwind: Bitcoin ETFs saw large outflows over the prior 13 days, and BlackRock’s IBIT was cited as a major contributor to the pressure, which can weigh on sentiment toward BLK’s ETF growth story. Bitcoin ETFs Lose $4.4B as Outflows Hit 13-Day Record Run
Insider Activity
In other news, CEO Laurence Fink sold 33,900 shares of BlackRock 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 directly owned 230,516 shares of the company’s stock, valued at $242,168,583.80. The trade was a 12.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction on Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the completion of the sale, the president directly owned 210,186 shares in the company, valued at $222,082,527.60. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. 1.92% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts have commented on BLK shares. Barclays raised their price objective on BlackRock from $1,290.00 to $1,310.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. reduced their price target on shares of BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. UBS Group raised their price target on shares of BlackRock from $1,235.00 to $1,270.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. TD Cowen reduced their price target on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group raised their target price on shares of BlackRock from $1,181.00 to $1,313.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,269.06.
View Our Latest Stock Report on BLK
About BlackRock
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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