Capitolis Liquid Global Markets LLC Has $40.36 Million Stake in BlackRock $BLK

Key Points

• Capitolis Liquid Global Markets LLC increased its BlackRock stake by 37.6% in the fourth quarter, buying 10,307 additional shares. The firm’s holdings were valued at about $40.36 million in the latest SEC filing.
• BlackRock reported strong quarterly results, with EPS of $12.53 and revenue of $6.70 billion, both above analyst expectations. Revenue also rose 27% year over year, and analysts still expect full-year EPS of 52.8.
• The company declared a quarterly dividend of $5.73 per share, payable June 23, for an annualized yield of about 2.2%. Meanwhile, several analysts maintained bullish views, giving BlackRock a consensus rating of Moderate Buy with a target price of $1,264.61.

Capitolis Liquid Global Markets LLC grew its holdings in BlackRock (NYSE:BLK - Free Report) by 37.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,707 shares of the asset manager's stock after purchasing an additional 10,307 shares during the period. Capitolis Liquid Global Markets LLC's holdings in BlackRock were worth $40,359,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BLK. Evolution Wealth Management Inc. bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $26,000. Birchbrook Inc. bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $32,000. Basepoint Wealth LLC bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $32,000. Finally, Swiss RE Ltd. bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $33,000. Institutional investors own 80.69% of the company's stock.

Insider Activity at BlackRock

In other news, President Robert Kapito sold 8,739 shares of the stock in a transaction that occurred 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 completion of the sale, the president directly owned 210,186 shares of the company's stock, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of the stock in a transaction that occurred 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 directly owned 230,516 shares of the company's stock, valued at $242,168,583.80. This represents a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.92% of the stock is currently owned by corporate insiders.

BlackRock Stock Up 0.6%

Shares of BlackRock stock opened at $1,058.34 on Thursday. The stock has a market capitalization of $164.29 billion, a P/E ratio of 26.56, a PEG ratio of 1.37 and a beta of 1.42. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $1,045.02 and a two-hundred day moving average price of $1,051.88. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94.

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

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th will be given a $5.73 dividend. This represents a $22.92 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, June 5th. BlackRock's dividend payout ratio is currently 57.53%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group boosted their price target 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. Keefe, Bruyette & Woods boosted their price target 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. Evercore lowered their price target on BlackRock from $1,220.00 to $1,140.00 and set an "outperform" rating for the company in a research note on Monday, June 8th. TD Cowen decreased their target price on BlackRock from $1,238.00 to $1,105.00 and set a "hold" rating for the company in a research report on Thursday, April 9th. Finally, Jefferies Financial Group decreased their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, BlackRock presently has an average rating of "Moderate Buy" and a consensus target price of $1,264.61.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock expanded its digital-assets lineup with the launch of the iShares Bitcoin Premium Income ETF (BITA), a covered-call bitcoin income product. That keeps BLK positioned to benefit from continued investor demand for crypto-linked funds and adds another fee-generating product to its ETF franchise.
• Positive Sentiment: BlackRock’s CIO Rick Rieder reiterated a constructive long-term view on bitcoin and highlighted that large pools of cash could rotate back into markets, reinforcing the firm’s influence in the crypto and macro conversation. Related coverage also noted strong spot ETF inflows into BlackRock’s IBIT and ETHA products.
• Positive Sentiment: BlackRock-linked HPS Investment Partners participated in a $175 million investment in Behavox, underscoring continued capital deployment through BlackRock’s private-markets and alternatives platform.
• Neutral Sentiment: The Federal Reserve held rates steady but signaled the possibility of future hikes, a backdrop that can affect fixed-income positioning and asset flows for BlackRock depending on how markets react.
• Neutral Sentiment: BlackRock was mentioned in broader market commentary and stock-screening articles, but those pieces do not appear to add much direct fundamental impact.
• Negative Sentiment: BlackRock also reported another round of job cuts, trimming roughly 200 roles globally. While framed as efficiency-focused, layoffs can be read as a sign of ongoing restructuring pressure.

About BlackRock

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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