MidFirst Bank Buys Shares of 7,045 BlackRock $BLK

Key Points

• MidFirst Bank disclosed a new fourth-quarter position in BlackRock, buying 7,045 shares valued at about $7.54 million. The filing came alongside other hedge fund buying, with institutional investors owning 80.69% of the stock.
• BlackRock is expanding its digital-assets push, launching a new iShares Bitcoin Premium Income ETF and filing for another covered-call Bitcoin ETF aimed at income-focused investors. These moves could help broaden its product lineup and attract more fee-generating assets.
• The company recently reported strong quarterly results, beating EPS and revenue estimates, and also declared a quarterly dividend of $5.73 per share payable June 23. Shares were down slightly in the session, while analysts maintained a generally positive outlook with a Moderate Buy consensus.

MidFirst Bank purchased a new position in BlackRock (NYSE:BLK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,045 shares of the asset manager's stock, valued at approximately $7,541,000.

Several other hedge funds have also recently made changes to their positions in the stock. Evolution Wealth Management Inc. purchased a new stake in BlackRock in the fourth quarter worth approximately $26,000. Birchbrook Inc. bought a new stake in BlackRock in the 4th quarter worth approximately $31,000. LFA Lugano Financial Advisors SA purchased a new stake in BlackRock during the 4th quarter valued at $32,000. Basepoint Wealth LLC bought a new position in shares of BlackRock during the 4th quarter valued at $32,000. Finally, Swiss RE Ltd. bought a new position in shares of BlackRock during the 4th quarter valued at $33,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock expanded its digital-assets lineup by launching a new iShares Bitcoin Premium Income ETF, a covered-call Bitcoin income product that could attract yield-seeking investors and broaden fee-generating AUM. BlackRock (BLK) Launches Bitcoin Income ETF To Expand Its Digital Assets Suite
• Positive Sentiment: BlackRock also filed for an additional covered-call Bitcoin ETF aimed at income investors, reinforcing its push to deepen its crypto product offering and potentially capture more demand in a fast-growing niche. BlackRock Files For Covered-Call Bitcoin ETF Aimed At Income Seekers
• Positive Sentiment: BlackRock Canada announced June cash distributions for iShares ETFs, underscoring stable ETF operations and recurring income generation across its franchise. BlackRock Canada Announces June Cash Distributions for the iShares ETFs
• Neutral Sentiment: BlackRock was mentioned in market commentary after the Federal Reserve held rates steady and signaled a potentially higher-for-longer policy path, which can affect asset flows and fixed-income performance but is not directly company-specific. Federal Reserve Holds Rates Steady as Officials Signal Potential Hikes Under New Chair Kevin Warsh
• Neutral Sentiment: Analyst-style and comparison articles highlighted BlackRock’s scale, Aladdin platform, and leadership in asset management, but these were more commentary than fresh catalysts. BlackRock vs. Blackstone: Which Financial Stock Is a Better Buy in 2026?
• Negative Sentiment: Broader crypto and risk-asset weakness following the Fed decision may be weighing on sentiment, which can offset some of the enthusiasm around BlackRock’s new Bitcoin-linked products.

BlackRock Trading Down 0.6%

NYSE:BLK opened at $1,051.51 on Friday. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The business has a fifty day moving average price of $1,046.92 and a 200-day moving average price of $1,051.90. The firm has a market capitalization of $163.23 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.38 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 (NYSE:BLK - Get Free Report) last released its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, beating the consensus estimate of $12.40 by $0.13. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.56 billion. During the same period in the previous year, the business earned $9.64 earnings per share. BlackRock's quarterly revenue was up 27.0% compared to the same quarter last year. Sell-side analysts forecast that BlackRock will post 52.8 EPS for the current year.

BlackRock Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Laurence Fink sold 33,900 shares of the stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Robert Kapito sold 8,739 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total transaction 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 trade represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Evercore cut their price objective on BlackRock from $1,220.00 to $1,140.00 and set an "outperform" rating for the company in a report on Monday, June 8th. Keefe, Bruyette & Woods increased their target price on BlackRock from $1,150.00 to $1,240.00 and gave the company an "outperform" rating in a report on Wednesday, April 15th. Jefferies Financial Group cut their price target on BlackRock from $1,351.00 to $1,199.00 and set a "buy" rating for the company in a research note on Wednesday, April 8th. UBS Group upped their price target on shares of BlackRock from $1,235.00 to $1,270.00 and gave the company a "buy" rating in a research report on Wednesday, April 15th. Finally, Morgan Stanley increased their price objective on shares of BlackRock from $1,368.00 to $1,393.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 15th. One research 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 stock. According to data from MarketBeat, BlackRock currently has a consensus rating of "Moderate Buy" and an average target price of $1,264.61.

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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