BlackRock $BLK Shares Purchased by Patriot Financial Group Insurance Agency LLC

Key Points

• Patriot Financial Group Insurance Agency LLC increased its BlackRock stake by 92.5% in the first quarter, buying 1,080 additional shares to bring its total to 2,248 shares valued at about $2.16 million.
• BlackRock reported better-than-expected quarterly results, with EPS of $12.53 versus $12.40 expected and revenue of $6.70 billion versus $6.56 billion expected, while revenue rose 27% year over year.
• Analyst sentiment remains supportive, with several firms raising price targets and the stock carrying a Moderate Buy consensus; BlackRock also paid a quarterly dividend of $5.73 per share, equal to a 2.4% yield.

Patriot Financial Group Insurance Agency LLC increased its holdings in BlackRock (NYSE:BLK - Free Report) by 92.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,248 shares of the asset manager's stock after acquiring an additional 1,080 shares during the period. Patriot Financial Group Insurance Agency LLC's holdings in BlackRock were worth $2,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew 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 purchasing an additional 296 shares during the period. Bison Wealth LLC increased its position in shares of BlackRock by 1.6% during the 4th 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 during the last quarter. Schnieders Capital Management LLC. purchased a new stake in BlackRock in the 2nd quarter valued at about $259,000. Nebula Research & Development LLC acquired a new position in BlackRock in the second quarter valued at about $548,000. Finally, Osterweis Capital Management Inc. acquired a new position in BlackRock in the second quarter valued at about $98,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

Trending Headlines about BlackRock

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

BlackRock Stock Up 0.2%

Shares of NYSE:BLK opened at $966.50 on Monday. The firm's 50 day moving average price is $1,045.02 and its 200 day moving average price is $1,049.58. The stock has a market cap of $150.03 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 1.26 and a beta of 1.42. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, topping the consensus estimate of $12.40 by $0.13. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $6.56 billion. During the same quarter in the previous year, the business posted $9.64 EPS. The firm's revenue was up 27.0% on a year-over-year basis. As a group, equities research analysts predict that BlackRock will post 52.8 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 5th were issued a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, June 5th. BlackRock's dividend payout ratio is 57.53%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of BlackRock from $1,181.00 to $1,313.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded BlackRock from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods lifted their price objective on BlackRock from $1,150.00 to $1,240.00 and gave the company an "outperform" rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price objective 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. Finally, BNP Paribas Exane increased their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,269.44.

Insider Buying and Selling at BlackRock

In other BlackRock news, President Robert Kapito sold 8,739 shares of the firm'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 sale, the president directly owned 210,186 shares in the company, valued at $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction dated 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 sale, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. Corporate 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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