BlackRock $BLK Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC decreased its holdings in shares of BlackRock (NYSE:BLK) by 15.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,978 shares of the asset manager’s stock after selling 750 shares during the quarter. Integrated Advisors Network LLC’s holdings in BlackRock were worth $3,826,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BLK. Brighton Jones LLC lifted its holdings in shares of BlackRock by 23.1% during the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 296 shares during the period. Bison Wealth LLC lifted its position in shares of BlackRock by 1.6% during the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock worth $1,078,000 after purchasing an additional 17 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in BlackRock in the 2nd quarter valued at about $259,000. Nebula Research & Development LLC purchased a new position in BlackRock in the second quarter valued at about $548,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of BlackRock during the second quarter worth approximately $98,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Stock Down 0.3%

BlackRock stock opened at $1,008.13 on Wednesday. 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 $1,036.42 and a 200-day simple moving average of $1,044.90. The firm has a market capitalization of $156.49 billion, a P/E ratio of 25.30, a P/E/G ratio of 1.30 and a beta of 1.43. BlackRock has a one year low of $917.39 and a one year high of $1,219.94.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $12.40 by $0.13. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.56 billion. During the same quarter in the previous year, the company posted $9.64 earnings per share. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. As a group, equities analysts expect that BlackRock will post 53.34 earnings per share for the current year.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 5th were given a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, June 5th. BlackRock’s dividend payout ratio is currently 57.53%.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock announced plans to launch the iShares Nasdaq 100 ETF (IQQ), a cheaper way for investors to access the Nasdaq-100 and the AI-driven tech rally, potentially boosting ETF inflows and fee revenue. BlackRock Expands Investor Access to Innovative Companies with iShares Nasdaq 100 ETF
• Positive Sentiment: BlackRock’s Bitcoin ETF, IBIT, reportedly saw a fresh inflow after weeks of weak flows, a sign that demand for its crypto products may be stabilizing. BlackRock Bitcoin ETF (IBIT) Records First Inflow After Weeks
• Positive Sentiment: BlackRock’s investment team said private credit is likely to play a bigger role in financing AI infrastructure, reinforcing the firm’s relevance in one of the market’s strongest long-term themes. BlackRock Sees Private Credit Taking Bigger Role in AI Buildout
• Neutral Sentiment: Several articles highlighted BlackRock’s broader ETF and asset-management strategy, including the new Nasdaq-100 fund and dividend ETF offerings, but these were mostly informational rather than immediate stock-moving events. BlackRock to launch Nasdaq-100 ETF, challenging Invesco’s dominance as AI rally boosts demand
• Neutral Sentiment: BlackRock was also mentioned in connection with an Asia-Pacific multi-asset fund launch with Standard Chartered, which adds to its product lineup but is less likely to move the stock on its own. BlackRock Expands Investor Access to Innovative Companies with iShares Nasdaq 100 ETF
• Negative Sentiment: Competition in low-cost index funds remains intense, and BlackRock’s new ETF faces pressure from established rivals like Invesco and State Street, which could limit margin benefits from the launch. BlackRock to launch Nasdaq-100 ETF, challenging Invesco’s dominance as AI rally boosts demand

Insider Transactions at BlackRock

In other news, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction 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 transaction, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laurence Fink sold 33,900 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $242,168,583.80. This trade represents a 12.82% decrease in their position. The SEC filing for this sale provides additional information. 1.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BLK shares. Jefferies Financial Group cut their target price on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. 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 report on Monday, April 13th. Evercore dropped their price target on BlackRock from $1,220.00 to $1,140.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. Barclays boosted their target price on shares of BlackRock from $1,290.00 to $1,310.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Finally, BMO Capital Markets lifted their price target on shares of BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,269.44.

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.