Wesbanco Bank Inc. Has $14.97 Million Stock Holdings in BlackRock $BLK

Wesbanco Bank Inc. grew its holdings in BlackRock (NYSE:BLK) by 8.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,565 shares of the asset manager’s stock after purchasing an additional 1,178 shares during the period. Wesbanco Bank Inc.’s holdings in BlackRock were worth $14,969,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Evolution Wealth Management Inc. bought a new position in BlackRock in the fourth quarter valued at about $26,000. Birchbrook Inc. bought a new position in shares of BlackRock in the fourth quarter worth about $31,000. Basepoint Wealth LLC acquired a new stake in shares of BlackRock in the 4th quarter valued at approximately $32,000. LFA Lugano Financial Advisors SA bought a new stake in shares of BlackRock during the 4th quarter valued at approximately $32,000. Finally, Swiss RE Ltd. acquired a new position in BlackRock during the 4th quarter worth approximately $33,000. 80.69% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Laurence Fink sold 33,900 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 230,516 shares in the company, valued at $242,168,583.80. This represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Robert Kapito sold 8,739 shares of the 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 transaction of $9,233,627.40. Following the sale, the president directly owned 210,186 shares of the company’s stock, valued at $222,082,527.60. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.92% of the company’s stock.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Morgan Stanley raised its price target on BlackRock to $1,430 from $1,393 and kept an overweight rating, reinforcing a bullish outlook on the stock. Morgan Stanley raises price target on BlackRock
• Positive Sentiment: BlackRock continues to promote retirement-focused solutions, with its 2026 Read on Retirement survey showing demand for help beyond traditional stock-and-bond portfolios; that supports the firm’s advisory and retirement franchise. BlackRock retirement survey
• Positive Sentiment: Trumid announced a multi-year partnership with BlackRock Aladdin, which could deepen the platform’s reach in fixed-income trading workflows and bolster BlackRock’s technology and enterprise relationships. Trumid partnership with BlackRock Aladdin
• Neutral Sentiment: Articles comparing BlackRock with AMG on value and covering BlackRock ETF yield strategies are mostly informational, but they keep BlackRock’s product lineup in focus for income-oriented investors. AMG or BLK value comparison BALI yield strategy article
• Negative Sentiment: Crypto-market commentary noted defensive positioning in BlackRock’s iShares Bitcoin Trust (IBIT) options and a new yearly low for the fund, which may dampen sentiment around BlackRock’s fast-growing Bitcoin ETF business. Bitcoin options traders hedge downside BlackRock iconic fund hits new yearly low
• Negative Sentiment: BlackRock was also mentioned in reports about Bitcoin and Ethereum transfers to Coinbase Prime, which may raise questions about crypto-asset flows, though the impact on BLK itself is unclear. BlackRock sends Bitcoin and Ethereum to Coinbase Prime

Analysts Set New Price Targets

Several equities analysts recently commented on BLK shares. UBS Group increased their price objective on shares of BlackRock from $1,235.00 to $1,270.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Evercore lowered their price target on shares of BlackRock from $1,220.00 to $1,140.00 and set an “outperform” rating for the company in a report on Monday, June 8th. Weiss Ratings upgraded BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. BMO Capital Markets raised their price objective on BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Finally, TD Cowen reduced their price objective on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,269.44.

BlackRock Price Performance

BLK stock opened at $966.50 on Friday. The company has a market capitalization of $150.03 billion, a P/E ratio of 24.26, a PEG ratio of 1.26 and a beta of 1.42. The company has a fifty day moving average price of $1,045.02 and a 200-day moving average price of $1,049.66. 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.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping the consensus estimate of $12.40 by $0.13. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $9.64 earnings per share. As a group, equities analysts expect that BlackRock will post 52.8 EPS for the current year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th were given a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, June 5th. BlackRock’s payout ratio is 57.53%.

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.