BlackRock $BLK Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its position in BlackRock (NYSE:BLK) by 3.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,708 shares of the asset manager’s stock after acquiring an additional 969 shares during the period. IFM Investors Pty Ltd’s holdings in BlackRock were worth $27,609,000 at the end of the most recent quarter.

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

BlackRock Trading Up 1.0%

Shares of BLK stock opened at $959.52 on Wednesday. The stock’s fifty day moving average is $1,041.70 and its two-hundred day moving average is $1,047.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. The firm has a market capitalization of $148.95 billion, a P/E ratio of 24.08, a PEG ratio of 1.23 and a beta of 1.42. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94.

BlackRock (NYSE:BLK) last released its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) 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 analyst estimates of $6.56 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.64 earnings per share. Research analysts expect that BlackRock will post 53.18 earnings per share for the current fiscal year.

BlackRock Announces Dividend

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

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is helping launch Open USD, a new stablecoin backed by major firms including Visa, Mastercard, Stripe, BNY Mellon, Coinbase and BlackRock. Investors may see this as a strategic move to deepen BlackRock’s presence in crypto infrastructure and tokenized finance. Article: Stripe, Visa, BlackRock Back New Open USD Stablecoin In Bid To Challenge Tether, Circle
• Positive Sentiment: BlackRock’s Aladdin platform is being integrated more deeply with Ethena’s tokenized dollar products, reinforcing BlackRock’s push into blockchain-based institutional finance and broadening the ecosystem around its platforms. Article: BlackRock’s Aladdin Platform Expands Integration with Ethena’s Tokenized Dollar Suite
• Positive Sentiment: BlackRock registered shares related to its HPS deal consideration, a procedural step that suggests progress on a strategic acquisition/investment initiative rather than a setback. Article: BlackRock Registers Shares for HPS Deal Consideration
• Neutral Sentiment: BlackRock’s investment outlook turned cautious on emerging-market equities while upgrading euro bonds, reflecting a portfolio positioning shift that may not directly affect earnings but could influence sentiment around its market views and product flows. Article: BlackRock turns cautious on emerging markets, upgrades euro bonds
• Neutral Sentiment: Several reports showed outflows and rebalancing in BlackRock’s Bitcoin ETF IBIT, which may weigh on crypto-related sentiment, but the flow data appears tied to broader ETF rotation rather than a BlackRock-specific problem. Article: BlackRock’s IBIT Sees $300M Outflow As Bitcoin ETF Rebalancing Deepens
• Negative Sentiment: Broader Bitcoin ETF weakness and a reported worst month for U.S. spot Bitcoin funds could pressure sentiment around BlackRock’s crypto ETF business if outflows continue, even though this is more about the category than BLK itself. Article: Bitcoin ETFs Set for Worst Month With $4 Billion in Outflows

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price target 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. Weiss Ratings upgraded shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. cut their target price on shares of BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. 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, Keefe, Bruyette & Woods raised their price target on shares of BlackRock from $1,150.00 to $1,240.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,269.44.

Insider Activity

In other BlackRock news, CEO Laurence Fink sold 33,900 shares of the stock in a transaction dated Tuesday, April 28th. The shares were 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 in the company, valued at approximately $242,168,583.80. This represents a 12.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Robert Kapito sold 8,739 shares of the firm’s 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 transaction of $9,233,627.40. Following the completion of the transaction, the president directly owned 210,186 shares in the company, valued at $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.92% of the stock is currently owned by corporate insiders.

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.