Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of BlackRock (NYSE:BLK – Free Report) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,806 shares of the asset manager’s stock after purchasing an additional 2,918 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in BlackRock were worth $65,210,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Legal & General Group Plc raised its position in shares of BlackRock by 0.8% in the fourth quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock valued at $985,331,000 after purchasing an additional 7,457 shares during the period. Sarasin & Partners LLP grew its stake in BlackRock by 10.6% in the 4th quarter. Sarasin & Partners LLP now owns 251,856 shares of the asset manager’s stock valued at $269,572,000 after buying an additional 24,196 shares during the last quarter. Sienna Gestion raised its holdings in BlackRock by 51.5% in the 3rd quarter. Sienna Gestion now owns 22,859 shares of the asset manager’s stock worth $24,299,000 after acquiring an additional 7,773 shares during the period. Hudson Bay Capital Management LP bought a new position in BlackRock in the 3rd quarter worth $3,791,000. Finally, TCV Trust & Wealth Management Inc. acquired a new position in BlackRock during the 4th quarter worth $20,279,000. Institutional investors own 80.69% of the company’s stock.
BlackRock Stock Down 0.6%
Shares of BLK opened at $966.50 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. The company has a 50-day simple moving average of $1,045.02 and a 200-day simple moving average of $1,049.66. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The firm has a market capitalization of $150.03 billion, a P/E ratio of 24.26, a P/E/G ratio of 1.26 and a beta of 1.42.
BlackRock Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders 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 dividend yield of 2.4%. BlackRock’s payout ratio is currently 57.53%.
Key BlackRock News
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
Insider Buying and Selling
In related news, President Robert Kapito sold 8,739 shares of the company’s stock in a transaction 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 transaction, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. This trade represents 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.
Wall Street Analysts Forecast Growth
BLK has been the topic of several research analyst reports. The Goldman Sachs Group raised their price target on BlackRock from $1,181.00 to $1,313.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. decreased their target price on 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. Weiss Ratings raised BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. BMO Capital Markets upped their price target on BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Morgan Stanley increased their price objective on BlackRock from $1,393.00 to $1,430.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,269.44.
Get Our Latest Analysis on BLK
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.
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