Oslo Pensjonsforsikring AS Invests $526,000 in BlackRock $BLK

Oslo Pensjonsforsikring AS bought a new position in BlackRock (NYSE:BLK) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 547 shares of the asset manager’s stock, valued at approximately $526,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft lifted its position in BlackRock by 26.1% during the first quarter. Baader Bank Aktiengesellschaft now owns 1,160 shares of the asset manager’s stock valued at $1,070,000 after purchasing an additional 240 shares in the last quarter. Wilkerson Advisory Group LLC increased its position in BlackRock by 100.0% in the first quarter. Wilkerson Advisory Group LLC now owns 34 shares of the asset manager’s stock worth $33,000 after buying an additional 17 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of BlackRock in the first quarter worth about $88,000. Alpha Zero LLC raised its stake in shares of BlackRock by 9.3% in the first quarter. Alpha Zero LLC now owns 469 shares of the asset manager’s stock worth $451,000 after buying an additional 40 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of BlackRock by 82.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 13,521 shares of the asset manager’s stock valued at $13,003,000 after buying an additional 6,104 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on BLK shares. BNP Paribas Exane boosted their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group lowered their price target on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Morgan Stanley upped their price target on shares of BlackRock from $1,383.00 to $1,488.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Barclays increased their price objective on shares of BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, TD Cowen decreased their price objective on shares of 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. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $1,304.29.

BlackRock Trading Down 1.6%

BlackRock stock opened at $1,037.31 on Wednesday. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The firm’s 50 day moving average price is $1,032.09 and its 200-day moving average price is $1,042.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. The stock has a market cap of $160.77 billion, a P/E ratio of 24.79, a PEG ratio of 1.19 and a beta of 1.43.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. BlackRock’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $12.05 earnings per share. On average, equities analysts predict that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th were issued a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, June 5th. BlackRock’s dividend payout ratio is 54.78%.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock-led infrastructure vehicles completed the acquisition of Aligned Data Centers and are committing an additional $5 billion in growth capital, reinforcing BLK’s exposure to the AI buildout and alternative-asset fee opportunities. AIP, MGX and BlackRock’s GIP Close Acquisition of Aligned Data Centers
• Positive Sentiment: BlackRock Canada announced monthly July cash distributions across a wide slate of iShares ETFs, underscoring the strength and recurring income appeal of its ETF franchise. BlackRock Canada Announces July Cash Distributions for the iShares ETFs
• Positive Sentiment: Investor interest in BlackRock’s Ethereum products remains strong, with reports of fresh inflows into ETHA and a new, similar ether fund that adds another monetizable product in digital assets. Forget ETHA. iShares’ Other Ether Fund Is Nearly Identical, Except It Pays You
• Neutral Sentiment: CEO Larry Fink’s comments that AI growth is constrained by electricity, plus New York’s data-center moratorium, keep attention on power bottlenecks for the AI infrastructure theme BlackRock is investing behind. Larry Fink Says AI Needs More Electricity. Google Is Trying To Need Less Of It.
• Neutral Sentiment: BlackRock’s ETF and asset-management announcements, including distribution updates and product coverage, are broadly supportive but not likely to move the stock on their own. BlackRock® Canada Announces July Cash Distributions for the iShares® ETFs
• Negative Sentiment: Some recent headlines note BlackRock reducing a few holdings and broader financial-sector weakness, which may add mild pressure, but these appear less important than the positive infrastructure and ETF news. Major Shareholder Announcement

Insider Transactions at BlackRock

In other BlackRock news, CEO Laurence Fink sold 33,900 shares of the firm’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 transaction of $35,613,645.00. Following the completion of the transaction, the chief executive officer owned 230,516 shares in the company, valued at $242,168,583.80. This trade represents a 12.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Robert Kapito sold 8,739 shares of the firm’s 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 transaction, the president directly owned 210,186 shares of the company’s stock, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.92% of the company’s stock.

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.