Havemeyer Place LP Makes New Investment in BlackRock $BLK

Key Points

• Havemeyer Place LP opened a new position in BlackRock during the fourth quarter, buying 2,331 shares valued at about $2.5 million.
• Other institutional investors also added to BLK, and hedge funds/institutions now own 80.69% of the company, underscoring continued heavy institutional interest.
• BlackRock reported better-than-expected quarterly results with EPS of $12.53 and revenue of $6.70 billion, while also declaring a $5.73 quarterly dividend to be paid on June 23.

Havemeyer Place LP acquired a new position in BlackRock (NYSE:BLK - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,331 shares of the asset manager's stock, valued at approximately $2,495,000.

A number of other institutional investors have also recently added to or reduced their stakes in BLK. Brighton Jones LLC lifted its holdings in BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager's stock worth $1,615,000 after buying an additional 296 shares in the last quarter. Bison Wealth LLC lifted its holdings in BlackRock by 1.6% in the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager's stock worth $1,078,000 after buying an additional 17 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in BlackRock in the 2nd quarter worth $259,000. Nebula Research & Development LLC acquired a new position in BlackRock in the 2nd quarter worth $548,000. Finally, Osterweis Capital Management Inc. acquired a new position in BlackRock in the 2nd quarter worth $98,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) reported its first daily inflow in 13 days, bringing in $47.66 million and ending a recent streak of outflows. That suggests at least some stabilization in one of BlackRock’s most-watched ETF products. BlackRock Records First Bitcoin ETF Inflow in 13 Days
• Positive Sentiment: BlackRock executives sounded constructive on the macro backdrop, with commentary on a solid U.S. jobs report, AI-driven market trends, and the Fed’s likely patience on rates. Softer rate-hike expectations can support risk assets and asset-manager sentiment. BlackRock's Rieder Talks Jobs Report, AI and Markets
• Positive Sentiment: BlackRock disclosed that its combined stake in Orion Corporation rose above 5%, highlighting ongoing portfolio activity and continued influence as a major global shareholder. Orion Corporation Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
• Neutral Sentiment: One analyst write-up said BlackRock’s fair value estimate was trimmed only slightly, pointing to mixed Street views rather than a major shift in fundamentals. Why The Narrative Around BlackRock (BLK) Is Shifting After Mixed Analyst Target Resets
• Neutral Sentiment: BlackRock’s portfolio manager Jeffrey Rosenberg said the Fed is not in a hurry to raise rates, reinforcing the view that policy may remain supportive for markets, though the comment itself is not company-specific. Fed Is In No Hurry To Raise Rates, BlackRock's Rosenberg Says
• Negative Sentiment: BlackRock was also included in a sector-wide selloff tied to redemption concerns around Cliffwater’s Corporate Lending Fund, which raised fresh worries about liquidity in alternative credit products. Alternative Managers Shares Slip as Cliffwater Redemption Fears Mount
• Negative Sentiment: Broader crypto headlines remain a headwind: Bitcoin ETFs saw large outflows over the prior 13 days, and BlackRock’s IBIT was cited as a major contributor to the pressure, which can weigh on sentiment toward BLK’s ETF growth story. Bitcoin ETFs Lose $4.4B as Outflows Hit 13-Day Record Run

BlackRock Price Performance

Shares of BLK stock opened at $996.54 on Friday. The firm has a market cap of $154.69 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The firm has a fifty day moving average of $1,033.61 and a two-hundred day moving average of $1,051.36.

BlackRock (NYSE:BLK - Get Free Report) last announced 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 company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.56 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. The firm's revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period last year, the business earned $9.64 EPS. As a group, research analysts anticipate that BlackRock will post 52.8 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, June 5th. BlackRock's dividend payout ratio (DPR) is presently 57.53%.

Insider Transactions at BlackRock

In other news, President Robert Kapito sold 8,739 shares of the firm's stock in a transaction dated Monday, April 27th. The shares were 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. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 in the company, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BLK. Morgan Stanley boosted their price objective 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. Evercore reissued an "outperform" rating and set a $1,220.00 price objective on shares of BlackRock in a report on Wednesday, April 15th. TD Cowen decreased their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a "hold" rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods raised their price objective on shares of BlackRock from $1,150.00 to $1,240.00 and gave the stock an "outperform" rating in a report on Wednesday, April 15th. Finally, BMO Capital Markets raised their price objective on shares of BlackRock from $1,200.00 to $1,250.00 and gave the stock an "outperform" rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, BlackRock presently has an average rating of "Moderate Buy" and an average target price of $1,269.06.

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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