JM2 Capital Inc. Invests $1.10 Million in BlackRock $BLK

Key Points

• JM2 Capital bought a new position in BlackRock (NYSE:BLK), acquiring 1,023 shares valued at about $1.10 million
• Significant insider selling occurred recently: CFO Martin Small sold 27,047 shares for about $31.7 million (a 71.9% cut to his stake), and insiders have sold 111,319 shares worth roughly $124 million over the past 90 days.
• BlackRock beat quarterly estimates (EPS $13.16 vs. $12.55; revenue $7.01B, up 23.4% YoY), raised its quarterly dividend to $5.73 ($22.92 annualized, 2.2% yield), and holds a consensus "Moderate Buy" rating with an average price target of $1,247.28.

JM2 Capital Inc. purchased a new position in BlackRock (NYSE:BLK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,023 shares of the asset manager's stock, valued at approximately $1,095,000. BlackRock comprises about 0.9% of JM2 Capital Inc.'s investment portfolio, making the stock its 29th biggest holding.

Several other large investors have also recently modified their holdings of the stock. Webster Bank N. A. raised its position in shares of BlackRock by 0.3% in the 4th quarter. Webster Bank N. A. now owns 11,217 shares of the asset manager's stock worth $12,006,000 after purchasing an additional 37 shares during the last quarter. Third View Private Wealth LLC purchased a new position in shares of BlackRock in the 4th quarter worth about $636,000. FSM Wealth Advisors LLC raised its position in shares of BlackRock by 12.6% in the 4th quarter. FSM Wealth Advisors LLC now owns 277 shares of the asset manager's stock worth $296,000 after purchasing an additional 31 shares during the last quarter. Brown Miller Wealth Management LLC raised its position in shares of BlackRock by 0.4% in the 4th quarter. Brown Miller Wealth Management LLC now owns 3,216 shares of the asset manager's stock worth $3,443,000 after purchasing an additional 14 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. purchased a new position in shares of BlackRock in the 4th quarter worth about $20,279,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

Insider Buying and Selling at BlackRock

In other news, CFO Martin Small sold 27,047 shares of the company's stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $1,171.14, for a total transaction of $31,675,823.58. Following the completion of the sale, the chief financial officer owned 10,557 shares of the company's stock, valued at $12,363,724.98. This represents a 71.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director J. Richard Kushel sold 385 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,084.91, for a total transaction of $417,690.35. Following the sale, the director directly owned 3,335 shares of the company's stock, valued at $3,618,174.85. The trade was a 10.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,319 shares of company stock worth $123,999,249 over the last 90 days. 1.98% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on BLK. TD Cowen lowered their price target 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. BNP Paribas Exane increased their price objective on BlackRock from $1,290.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Thursday, January 15th. Jefferies Financial Group reduced their price objective on BlackRock from $1,351.00 to $1,199.00 and set a "buy" rating for the company in a report on Wednesday, April 8th. Weiss Ratings reiterated a "buy (b-)" rating on shares of BlackRock in a report on Friday, March 27th. Finally, CICC Research lifted their price objective on BlackRock from $1,000.00 to $1,250.00 in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,247.28.

BlackRock Price Performance

NYSE BLK opened at $1,023.54 on Tuesday. BlackRock has a one year low of $845.82 and a one year high of $1,219.94. The stock has a 50-day moving average of $1,014.09 and a 200 day moving average of $1,069.76. The company has a market capitalization of $159.20 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 1.38 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 (NYSE:BLK - Get Free Report) last released its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, topping the consensus estimate of $12.55 by $0.61. BlackRock had a return on equity of 14.78% and a net margin of 22.93%.The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.80 billion. During the same period last year, the company earned $11.93 EPS. BlackRock's revenue for the quarter was up 23.4% on a year-over-year basis. On average, sell-side analysts forecast that BlackRock will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th were given a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from BlackRock's previous quarterly dividend of $5.21. BlackRock's payout ratio is currently 64.71%.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s strategists raised their U.S. stock outlook, arguing that corporate earnings are coming in strong and that Middle East risks appear contained — a bullish signal for equity flows and fee revenue. Read More.
• Positive Sentiment: Multiple reports highlight BlackRock’s public stance that the Iran conflict’s economic damage is likely limited, prompting the firm to pivot back to overweight U.S. equities — supportive for asset-gathering and active/passive equity products. Read More.
• Neutral Sentiment: Q1 earnings are imminent (April 14) and options traders are pricing in a sizable move (~6%), which can amplify intraday swings even if the underlying outlook is constructive. Read More.
• Neutral Sentiment: BlackRock announced a $100M U.S. philanthropic workforce development pledge — positive for ESG and reputation but unlikely to materially change near-term financials. Read More.
• Neutral Sentiment: BlackRock’s involvement in a Monte dei Paschi boardroom battle (backing a dissident slate) signals active stewardship; notable for governance profile but of limited direct impact on BLK’s earnings. Read More.
• Negative Sentiment: Several banks (JPMorgan, Evercore, BMO, TD Cowen) trimmed price targets on BLK this week, which can cap upside and influence investor sentiment despite the stock’s recent strength. Read More. Read More. Read More. Read More.
• Negative Sentiment: Investor focus on private credit risks and reported Q1 crypto mark-to-market losses for holdings has raised concerns ahead of earnings, potentially weighing on asset-based fees and net revenue if outflows or valuation hits persist. Read More. Read More.

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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