Mariner LLC Has $135.99 Million Stock Holdings in BlackRock $BLK

Mariner LLC grew its position in shares of BlackRock (NYSE:BLK) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 127,041 shares of the asset manager’s stock after purchasing an additional 11,634 shares during the period. Mariner LLC’s holdings in BlackRock were worth $135,993,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Fieldview Capital Management LLC acquired a new stake in shares of BlackRock during the fourth quarter valued at about $1,071,000. Focus Partners Wealth boosted its stake in shares of BlackRock by 9.8% during the fourth quarter. Focus Partners Wealth now owns 170,679 shares of the asset manager’s stock valued at $182,720,000 after purchasing an additional 15,188 shares in the last quarter. Graybill Wealth Management LTD. boosted its stake in shares of BlackRock by 1.9% during the fourth quarter. Graybill Wealth Management LTD. now owns 6,543 shares of the asset manager’s stock valued at $7,003,000 after purchasing an additional 121 shares in the last quarter. Icon Wealth Advisors LLC boosted its stake in shares of BlackRock by 11.2% during the fourth quarter. Icon Wealth Advisors LLC now owns 2,736 shares of the asset manager’s stock valued at $2,938,000 after purchasing an additional 275 shares in the last quarter. Finally, Integrity Financial Corp WA boosted its stake in shares of BlackRock by 10.5% during the fourth quarter. Integrity Financial Corp WA now owns 548 shares of the asset manager’s stock valued at $587,000 after purchasing an additional 52 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLK has been the subject of a number of analyst reports. UBS Group raised their price objective 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. JPMorgan Chase & Co. lowered their price objective on 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. Jefferies Financial Group lowered their price objective on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods raised their price objective on BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Finally, Morgan Stanley raised their price objective on BlackRock from $1,368.00 to $1,393.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. One research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,264.61.

Insider Buying and Selling

In other BlackRock news, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the sale, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. The trade was a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of BlackRock 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 completion of the sale, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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: BlackRock’s Rick Rieder said the recent rally in U.S. equities could accelerate as investors shift cash out of the roughly $8 trillion to $9 trillion parked in money market funds, which would support broader asset prices and potentially BlackRock’s fee-generating AUM. BlackRock’s Rieder Sees ‘Explosive’ Rally as Cash Gets Unlocked
• Positive Sentiment: Analysts and media coverage highlighted BlackRock’s income-oriented ETFs, reinforcing the company’s leadership in fee-collecting investment products and ongoing investor demand for yield. 3 High-Yield BlackRock ETFs Paying 6%+ in Passive Income
• Positive Sentiment: BlackRock commentary on AI framed the theme as a multi-year investment cycle rather than a short-term trade, which may support long-duration capital allocation into the firm’s strategies. The AI Trade Is Short-Term. The AI Investment Is a Decade: BlackRock’s Three-Phase Framework
• Neutral Sentiment: BlackRock Canada announced product changes and a risk-rating update for five iShares ETFs, mainly reflecting index methodology changes tied to Research Affiliates’ withdrawal of input data. This appears operational rather than financially material. BlackRock Canada Announces Product Changes and Risk Rating Update
• Neutral Sentiment: BlackRock also received another look for NYC’s large pension mandate, but there was no final decision reported yet. BlackRock gets another shot at NYC’s massive pension mandate (updated)
• Negative Sentiment: Sen. Elizabeth Warren asked BlackRock and other infrastructure investors for details on data center deals, adding potential regulatory and political scrutiny around private-markets activity. Elizabeth Warren Demands Answers From BlackRock, Blackstone, KKR Over Data Center Deals
• Negative Sentiment: Separate coverage noted Vanguard gaining while BlackRock shed assets in ETF league tables, which could signal competitive pressure in the asset-management business. ETF League Tables: Vanguard Gains, BlackRock Sheds Assets

BlackRock Price Performance

Shares of BLK opened at $1,042.08 on Tuesday. The company has a market capitalization of $161.76 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 1.34 and a beta of 1.42. The business has a 50-day moving average of $1,041.35 and a 200-day moving average of $1,051.69. 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 (NYSE:BLK) last issued its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates of $12.40 by $0.13. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.56 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the previous year, the company posted $9.64 earnings per share. As a group, equities research analysts anticipate that BlackRock will post 52.8 earnings per share for the current 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 issued a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, June 5th. BlackRock’s payout ratio is presently 57.53%.

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.