ASR Vermogensbeheer N.V. Has $14.33 Million Holdings in BlackRock $BLK

Key Points

• ASR Vermogensbeheer N.V. increased its BlackRock stake by 18.7% in the fourth quarter, buying 2,109 additional shares and bringing its total holdings to 13,390 shares valued at about $14.33 million.
• BlackRock reported strong quarterly results, with EPS of $12.53 beating estimates and revenue of $6.70 billion topping expectations; revenue also rose 27% year over year.
• Analyst sentiment remains positive overall, with a Moderate Buy consensus and an average price target of $1,269.06, though recent insider sales and some private credit concerns add caution.

ASR Vermogensbeheer N.V. raised its position in shares of BlackRock (NYSE:BLK - Free Report) by 18.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,390 shares of the asset manager's stock after buying an additional 2,109 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in BlackRock were worth $14,332,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new position in shares of BlackRock during the fourth quarter valued at $32,000. Hopwood Financial Services Inc. lifted its stake in BlackRock by 866.7% in the 3rd quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager's stock worth $34,000 after acquiring an additional 26 shares in the last quarter. Collier Financial acquired a new stake in BlackRock during the 3rd quarter worth about $36,000. Goodman Advisory Group LLC acquired a new stake in BlackRock during the 3rd quarter worth about $37,000. Finally, Dogwood Wealth Management LLC grew its stake in BlackRock by 94.1% during the 3rd quarter. Dogwood Wealth Management LLC now owns 33 shares of the asset manager's stock valued at $38,000 after acquiring an additional 16 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Stock Performance

BLK stock opened at $1,083.38 on Friday. The company has a 50 day moving average price of $1,006.83 and a 200 day moving average price of $1,056.97. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 2.98. The stock has a market capitalization of $168.51 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.44.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 EPS 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 firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.56 billion. During the same period last year, the company earned $9.64 EPS. The business's quarterly revenue was up 27.0% compared to the same quarter last year. Analysts forecast that BlackRock will post 52.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley raised their price target on shares of BlackRock from $1,368.00 to $1,393.00 and gave the stock an "overweight" rating in a report on Wednesday, April 15th. CICC Research upped their price objective on shares of BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. Jefferies Financial Group cut their target price on shares of 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 lifted their target price 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. Finally, TD Cowen dropped their price target on shares of BlackRock from $1,238.00 to $1,105.00 and set a "hold" rating on the stock in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,269.06.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is drawing interest from investors after reports highlighted its new Aladdin private credit features with Preqin, which could strengthen its data and analytics offering in a growing market and support future asset-management revenue. BlackRock (BLK) Valuation Check As New Aladdin Private Credit Features With Preqin Draw Focus
• Positive Sentiment: CEO Larry Fink’s push for clearer crypto and tokenization rules, along with comments that “compute futures” could become a new asset class, reinforces BlackRock’s reputation as an innovation leader in digital assets and next-generation markets. BlackRock CEO Larry Fink Is Demanding Crypto Regulations. Here's What It Means for Investors.
• Positive Sentiment: BlackRock’s ETF franchise continues to be highlighted as a major competitive advantage, with articles pointing to lower fees, scale, and liquidity benefits that could keep supporting inflows into iShares products. BlackRock Touts ETFs as Liquidity Antidote to Private Exposure
• Neutral Sentiment: BlackRock’s philanthropic $30 million Texas workforce initiative may improve brand and public relations, but it is unlikely to move the stock materially in the near term. BlackRock Launches Signature Philanthropic Initiative in Texas with $30M Commitment to Grow Electrical Workforce
• Negative Sentiment: Recent reports that BlackRock cut the value of parts of its private credit portfolio, including markdowns tied to software borrowers, are a reminder that credit risk remains elevated in a softer lending environment. BlackRock cut private credit fund's value by 5% in first quarter
• Negative Sentiment: News that a BlackRock Asia private credit fund is trying to recover money from a defaulted China loan adds to concerns about underwriting quality and credit performance in the firm’s private markets business. BlackRock Fund Faces Test in Recovering Defaulted China Loan

Insider Activity at BlackRock

In other news, COO Robert L. Goldstein sold 5,293 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,084.22, for a total value of $5,738,776.46. Following the transaction, the chief operating officer owned 46,185 shares of the company's stock, valued at $50,074,700.70. This represents a 10.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director J. Richard Kushel sold 385 shares of the firm's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $1,084.91, for a total value of $417,690.35. Following the completion of the transaction, the director owned 3,335 shares in the company, valued at $3,618,174.85. This represents a 10.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 106,911 shares of company stock worth $114,670,698. 1.92% of the stock is owned by company 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.

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