BlackRock $BLK Shares Bought by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. increased its stake in BlackRock by 14.3% to 12,114 shares, valued at about $12.97 million, and institutional investors now own 80.69% of BLK.
• Insiders have been net sellers, disposing of 64,272 shares worth roughly $69.8 million in the past 90 days, including recent director sales by Stephen Cohen and J. Richard Kushel.
• BlackRock beat Q1 estimates (EPS $12.53 vs. $12.40; revenue $6.70B vs. $6.56B), and analysts hold a "Moderate Buy" consensus with an average target near $1,269, while strong ETF inflows — notably into its spot Bitcoin ETF — are supporting fee growth.

D.A. Davidson & CO. raised its holdings in BlackRock (NYSE:BLK - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,114 shares of the asset manager's stock after purchasing an additional 1,520 shares during the period. D.A. Davidson & CO.'s holdings in BlackRock were worth $12,966,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. acquired a new stake in shares of BlackRock in the third quarter worth approximately $6,201,000. Lingohr Asset Management GmbH acquired a new stake in shares of BlackRock in the third quarter worth approximately $700,000. Ontario Teachers Pension Plan Board boosted its stake in shares of BlackRock by 6,347.9% in the third quarter. Ontario Teachers Pension Plan Board now owns 42,234 shares of the asset manager's stock worth $49,239,000 after acquiring an additional 41,579 shares during the last quarter. Sienna Gestion boosted its stake in shares of BlackRock by 51.5% in the third 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 last quarter. Finally, Tandem Investment Advisors Inc. acquired a new stake in shares of BlackRock in the third quarter worth approximately $83,247,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director Stephen Cohen sold 2,179 shares of the business's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,073.87, for a total value of $2,339,962.73. Following the transaction, the director directly owned 6,543 shares in the company, valued at $7,026,331.41. The trade was a 24.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director J. Richard Kushel sold 2,000 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $1,083.05, for a total value of $2,166,100.00. Following the completion of the transaction, the director directly owned 61,980 shares in the company, valued at approximately $67,127,439. This trade represents a 3.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 64,272 shares of company stock worth $69,823,426 in the last ninety days. 1.92% of the stock is owned by insiders.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Analyst pieces highlight BlackRock as an attractive dividend stock and point to durable fee-generating cash flows that support payouts and long-term shareholder returns. BlackRock (BLK) is a Top Dividend Stock Right Now: Should You Buy?
• Positive Sentiment: Industry write-ups single out BlackRock’s recent Q1 beat as a catalyst that sets positive expectations for asset managers, reinforcing momentum in fee revenue and EPS. 3 Asset Management Stocks Set to Pull Off Earnings Beat in Q1
• Positive Sentiment: Open interest on options tied to BlackRock’s spot Bitcoin ETF has climbed and the ETF has attracted sizable inflows, supporting fee growth and cross-selling opportunities across BlackRock’s ETF platform. Elevated crypto ETF activity is drawing investor attention to BLK’s product leadership. Open interest on BlackRock's bitcoin ETF options reaches new heights
• Positive Sentiment: Grupo Mexico agreed to merge its power unit with a BlackRock-backed company (Saavi), creating Mexico’s largest private power operator — a strategic win for BlackRock’s infrastructure exposure and potential fee/return generation in Latin America. Grupo Mexico to Merge Power Unit With BlackRock-Backed Saavi
• Positive Sentiment: Product/ETF expansion — BlackRock launched region-specific active equity strategies and its dividend-focused ETFs continue to attract income-seeking flows, which can bolster AUM and recurring fees. 3 High-Yield BlackRock Dividend ETFs for Passive Income
• Neutral Sentiment: BlackRock disclosed a new stake in Archer Aviation (ACHR); portfolio moves into early-stage or stressed names can reflect active allocation strategy but also carry idiosyncratic risk and won’t meaningfully change BLK’s core fee profile. ACHR stock gains institutional muscle: BlackRock reveals 6.9% stake
• Negative Sentiment: Competitive pressure in the spot Bitcoin ETF market — analysts flag Morgan Stanley’s MSBT as a credible challenger that could pressure market share and fee dynamics over time if inflows reallocate. Bitcoin ETF: Three Reasons Morgan Stanley's MSBT Could Overtake BlackRock's IBIT BTC ETF

Analysts Set New Price Targets

A number of analysts have recently issued reports on BLK shares. Evercore reaffirmed an "outperform" rating and issued a $1,220.00 price target on shares of BlackRock in a research note on Wednesday, April 15th. Jefferies Financial Group lowered their price target on 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. Morgan Stanley boosted their price target on shares of BlackRock from $1,368.00 to $1,393.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 15th. BMO Capital Markets boosted their price target on shares of BlackRock from $1,200.00 to $1,250.00 and gave the stock an "outperform" rating in a research report on Monday, April 20th. Finally, Freedom Capital upgraded shares of BlackRock from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, BlackRock currently has an average rating of "Moderate Buy" and an average target price of $1,269.06.

BlackRock Stock Performance

NYSE BLK opened at $1,057.34 on Tuesday. The stock's fifty day moving average is $1,009.79 and its two-hundred day moving average is $1,061.68. The firm has a market capitalization of $164.46 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 1.36 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.98 and a current ratio of 2.98. BlackRock has a fifty-two week low of $893.93 and a fifty-two week high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping analysts' consensus estimates of $12.40 by $0.13. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.56 billion. BlackRock had a return on equity of 14.96% and a net margin of 24.40%.The firm's revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.64 earnings per share. On average, research analysts anticipate that BlackRock will post 52.77 earnings per share for the current year.

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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