iA Global Asset Management Inc. Has $375,000 Stock Position in BlackRock $BLK

Key Points

• iA Global Asset Management sharply reduced its BlackRock stake by 83.8% in the fourth quarter, leaving it with 350 shares valued at about $375,000.
• Other institutional investors were active in BlackRock, with some dramatically increasing positions; for example, Oak Harvest Investment Services and Viking Global Investors reported major stake increases, while institutions still own about 80.69% of the company.
• BlackRock has been in focus for both growth and risk factors: analysts remain mostly bullish with a Moderate Buy consensus, but the stock has faced pressure from bitcoin ETF outflows, a broader risk-off market tone, and regulatory scrutiny of its private credit business.

iA Global Asset Management Inc. decreased its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 83.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 350 shares of the asset manager's stock after selling 1,806 shares during the quarter. iA Global Asset Management Inc.'s holdings in BlackRock were worth $375,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Oak Harvest Investment Services grew its stake in BlackRock by 12,176.1% in the 4th quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager's stock valued at $1,707,356,000 after buying an additional 1,582,159 shares during the last quarter. Viking Global Investors LP grew its stake in BlackRock by 217.5% in the 3rd quarter. Viking Global Investors LP now owns 619,492 shares of the asset manager's stock valued at $722,247,000 after buying an additional 424,388 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in BlackRock by 29,043.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 245,094 shares of the asset manager's stock valued at $285,748,000 after buying an additional 244,253 shares during the last quarter. Vanguard Group Inc. grew its stake in BlackRock by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager's stock valued at $15,051,846,000 after buying an additional 221,123 shares during the last quarter. Finally, Amundi grew its stake in BlackRock by 39.5% in the 3rd quarter. Amundi now owns 547,249 shares of the asset manager's stock valued at $645,354,000 after buying an additional 154,907 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s private-credit expansion got a boost from a new partnership with Citi, which will use BlackRock’s HPS platform to broaden direct lending across EMEA as demand for private credit continues to grow. Citi strikes €15bn partnership with BlackRock for private European lending
• Positive Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) is still gathering assets overall in May, with reports indicating more than 8,000 Bitcoin added during the month, supporting the firm’s ETF fee engine. BlackRock adds over 8,000 Bitcoin in May 2026
• Neutral Sentiment: BlackRock was reported to have transferred a large amount of Bitcoin to Coinbase Prime wallets, which appears consistent with ETF custody/trading operations rather than a clear strategic shift. BlackRock moves 5,847 Bitcoin worth $450M to Coinbase Prime wallets
• Neutral Sentiment: Shapoorji Pallonji Group is seeking $2.7 billion in private credit, with BlackRock among the potential providers, reinforcing demand for its lending capabilities. SP Group plans to raise $2.7 billion; BlackRock, Bofa may chip in
• Negative Sentiment: Sentiment on BLK has been pressured by a broader risk-off move, rising Treasury yields, and large outflows from spot bitcoin ETFs, including roughly $448 million from BlackRock’s IBIT in one session, which could hurt fee-related growth expectations. BlackRock slides as risk-off tone hits financials and crypto-ETF flow headlines resurface
• Negative Sentiment: Investors are also watching regulatory risk after reports that the Manhattan U.S. Attorney’s Office requested information on valuation practices at BlackRock’s private credit fund, adding uncertainty around a key growth area. BlackRock's Troubled Private Credit Fund Draws DOJ Scrutiny

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore reiterated an "outperform" rating and issued a $1,220.00 target price on shares of BlackRock in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods raised their target price on shares of 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. lowered their target price on shares of BlackRock from $1,269.00 to $1,128.00 and set a "neutral" rating on the stock in a research note on Monday, April 13th. UBS Group raised their target price on shares of BlackRock from $1,235.00 to $1,270.00 and gave the company a "buy" rating in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group increased their price target on shares of BlackRock from $1,181.00 to $1,313.00 and gave the company a "buy" rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,269.06.

Insider Buying and Selling at BlackRock

In other news, CEO Laurence Fink sold 33,900 shares of the firm's stock in a transaction dated Tuesday, April 28th. The shares were 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 directly owned 230,516 shares of the company's stock, valued at approximately $242,168,583.80. This trade represents a 12.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J. Richard Kushel sold 2,000 shares of the firm's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,083.05, for a total transaction of $2,166,100.00. Following the transaction, the director directly owned 61,980 shares of the company's stock, valued at $67,127,439. The trade was a 3.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,249 shares of company stock valued at $47,671,714 over the last quarter. 1.92% of the stock is currently owned by insiders.

BlackRock Stock Down 4.5%

Shares of BLK opened at $1,036.89 on Wednesday. The company has a 50-day simple moving average of $1,011.94 and a 200-day simple moving average of $1,054.33. The firm has a market capitalization of $160.96 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.42 and a beta of 1.44. 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 52 week low of $917.39 and a 52 week high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, beating analysts' consensus estimates of $12.40 by $0.13. The business 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.64 earnings per share. On average, equities research analysts expect 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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