BlackRock $BLK Shares Acquired by &PARTNERS

Key Points

• &PARTNERS increased its BlackRock stake by 8.8% in the fourth quarter, buying 6,710 more shares and bringing its total position to 82,802 shares valued at about $88.6 million.
• BlackRock recently posted strong quarterly results, with earnings per share of $12.53 beating estimates and revenue of $6.70 billion topping expectations; revenue also rose 27% year over year.
• The company declared a quarterly dividend of $5.73 per share, payable June 23, and analysts remain broadly positive, with a consensus rating of Moderate Buy and an average target price of $1,264.61.

&PARTNERS boosted its position in BlackRock (NYSE:BLK - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,802 shares of the asset manager's stock after buying an additional 6,710 shares during the quarter. &PARTNERS owned approximately 0.05% of BlackRock worth $88,629,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BLK. Brighton Jones LLC boosted its holdings in BlackRock by 23.1% in the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager's stock worth $1,615,000 after purchasing an additional 296 shares during the period. Bison Wealth LLC raised its stake in 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 acquiring an additional 17 shares during the period. Schnieders Capital Management LLC. acquired a new stake in BlackRock during the second quarter worth about $259,000. Nebula Research & Development LLC bought a new position in BlackRock in the second quarter worth about $548,000. Finally, Osterweis Capital Management Inc. acquired a new position in BlackRock in the second quarter valued at approximately $98,000. Institutional investors own 80.69% of the company's stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s top investment executive, Rick Rieder, said Bitcoin is “ultimately going considerably higher,” reinforcing the firm’s bullish stance on digital assets and potentially boosting sentiment around BlackRock’s crypto-linked business opportunities.
• Positive Sentiment: BlackRock remains in focus as a large asset manager with a steady dividend profile, with its next quarterly payout due soon, which can appeal to income-focused investors.
• Neutral Sentiment: BlackRock Canada announced product changes and risk-rating updates for several iShares ETFs, reflecting routine portfolio maintenance and index transitions rather than a major business shift.
• Neutral Sentiment: Several articles highlighted BlackRock commentary on AI, private markets, and a broader market rotation out of cash, which may support the long-term investment case but do not directly change near-term fundamentals.
• Negative Sentiment: BlackRock is cutting nearly 200 jobs globally, part of a continued “rightsizing” effort tied to efficiency and growth initiatives; while modest in scale, the repeated layoffs may signal management is still trimming costs aggressively.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on BlackRock from $1,269.00 to $1,128.00 and set a "neutral" rating for the company in a report on Monday, April 13th. Morgan Stanley raised their price target on BlackRock from $1,368.00 to $1,393.00 and gave the stock an "overweight" rating in a report on Wednesday, April 15th. The Goldman Sachs Group boosted their price objective 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. Barclays upped their price objective on BlackRock from $1,290.00 to $1,310.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 15th. Finally, UBS Group raised their target price on BlackRock from $1,235.00 to $1,270.00 and gave the company a "buy" rating in a research note on Wednesday, April 15th. One equities research 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 stock has an average rating of "Moderate Buy" and an average target price of $1,264.61.

BlackRock Price Performance

Shares of BLK opened at $1,051.81 on Wednesday. The firm has a market capitalization of $163.27 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The stock's fifty day moving average is $1,043.04 and its 200-day moving average is $1,051.76.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping the consensus estimate 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 net margin of 24.40% and a return on equity of 14.74%. The company's quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.64 earnings per share. Equities analysts anticipate that BlackRock will post 52.8 EPS for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th will be given 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 dividend payout ratio is 57.53%.

Insiders Place Their Bets

In related news, CEO Laurence Fink sold 33,900 shares of the firm's stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the completion of the transaction, the chief executive officer owned 230,516 shares of the company's stock, valued at $242,168,583.80. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction dated 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 transaction, 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 disclosure for this sale is available in the SEC filing. Company insiders own 1.92% of the company's stock.

BlackRock 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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