Meiji Yasuda Asset Management Co Ltd. Has $11.83 Million Holdings in BlackRock $BLK

Meiji Yasuda Asset Management Co Ltd. cut its position in shares of BlackRock (NYSE:BLK) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,056 shares of the asset manager’s stock after selling 586 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in BlackRock were worth $11,834,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC increased its position in shares of BlackRock by 2.4% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 20,853 shares of the asset manager’s stock worth $22,320,000 after buying an additional 491 shares during the period. Goldenstone Wealth Management LLC acquired a new stake in BlackRock during the fourth quarter worth approximately $538,000. FourThought Financial Partners LLC grew its stake in BlackRock by 0.6% during the fourth quarter. FourThought Financial Partners LLC now owns 11,072 shares of the asset manager’s stock worth $11,851,000 after purchasing an additional 62 shares during the period. Global Retirement Partners LLC grew its stake in BlackRock by 1.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,557 shares of the asset manager’s stock worth $5,948,000 after purchasing an additional 71 shares during the period. Finally, Great Diamond Partners LLC grew its stake in BlackRock by 0.4% during the fourth quarter. Great Diamond Partners LLC now owns 2,791 shares of the asset manager’s stock worth $2,987,000 after purchasing an additional 10 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays raised their target price on BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. UBS Group raised their target price on BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Evercore reaffirmed an “outperform” rating and set a $1,220.00 target price on shares of BlackRock in a research note on Wednesday, April 15th. CICC Research raised their price target on shares of BlackRock from $1,000.00 to $1,250.00 in a report on Tuesday, February 3rd. Finally, BMO Capital Markets raised their price target on shares of BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,269.06.

BlackRock Trading Up 1.0%

Shares of BlackRock stock opened at $1,062.54 on Friday. 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 has a 52 week low of $917.39 and a 52 week high of $1,219.94. The stock has a 50 day moving average price of $1,015.65 and a two-hundred day moving average price of $1,053.86. The stock has a market capitalization of $164.94 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.44.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 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 during the quarter, compared to analysts’ expectations of $6.56 billion. During the same quarter last year, the firm posted $9.64 earnings per share. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year. As a group, equities analysts anticipate that BlackRock will post 52.77 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th will be issued a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, June 5th. BlackRock’s dividend payout ratio (DPR) is currently 57.53%.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 2,000 shares of BlackRock stock in a transaction dated 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 directly owned 61,980 shares in the company, valued at $67,127,439. This trade represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen Cohen sold 225 shares of BlackRock stock in a transaction dated 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 transaction, the director owned 5,661 shares of the company’s stock, valued at $6,054,779.16. This represents a 3.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 45,249 shares of company stock valued at $47,671,714 over the last three months. Corporate insiders own 1.92% of the company’s stock.

Key BlackRock News

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

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.