Montrusco Bolton Investments Inc. Reduces Stock Holdings in BlackRock $BLK

Key Points

• Montrusco Bolton reduced its stake by 25.6% in BlackRock during Q4, selling 85,427 shares and now holding 247,965 shares (about $260.2M), representing 3.2% of its portfolio and 0.16% of BlackRock.
• BlackRock beat quarterly expectations with $12.53 EPS vs. $12.40 and $6.70B revenue (up 27% year‑over‑year), and analysts maintain a consensus Moderate Buy rating with an average price target of $1,269.06.
• Other institutional investors ramped up positions (notably Oak Harvest’s ~1.58M‑share purchase), while insiders sold roughly 64,272 shares (~$69.8M) in the last three months, signaling mixed investor flows into the stock.

Montrusco Bolton Investments Inc. lowered its stake in BlackRock (NYSE:BLK - Free Report) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,965 shares of the asset manager's stock after selling 85,427 shares during the quarter. BlackRock comprises 3.2% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 11th biggest holding. Montrusco Bolton Investments Inc. owned 0.16% of BlackRock worth $260,223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Capital International Investors raised its stake in shares of BlackRock by 0.6% in the third quarter. Capital International Investors now owns 1,841,088 shares of the asset manager's stock worth $2,146,663,000 after buying an additional 10,591 shares during the period. Oak Harvest Investment Services raised its stake in shares of BlackRock by 12,176.1% in the fourth quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager's stock worth $1,707,356,000 after buying an additional 1,582,159 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of BlackRock by 13.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,213,561 shares of the asset manager's stock worth $1,414,854,000 after buying an additional 143,126 shares during the period. Legal & General Group Plc raised its stake in shares of BlackRock by 4.5% in the third quarter. Legal & General Group Plc now owns 913,121 shares of the asset manager's stock worth $1,064,580,000 after buying an additional 39,412 shares during the period. Finally, Viking Global Investors LP raised its stake in shares of BlackRock by 217.5% in the third quarter. Viking Global Investors LP now owns 619,492 shares of the asset manager's stock worth $722,247,000 after buying an additional 424,388 shares during the period. Institutional investors own 80.69% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BLK shares. BMO Capital Markets lifted their target price on BlackRock from $1,200.00 to $1,250.00 and gave the company an "outperform" rating in a research note on Monday, April 20th. Evercore reissued an "outperform" rating and set a $1,220.00 target price on shares of BlackRock in a research note on Wednesday, April 15th. JPMorgan Chase & Co. decreased their target price on 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 lifted their target price 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. Finally, Barclays lifted their target price on BlackRock from $1,290.00 to $1,310.00 and gave the stock an "overweight" rating in a report on Wednesday, April 15th. One 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,269.06.

BlackRock Trading Down 0.8%

Shares of NYSE BLK opened at $1,045.12 on Friday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $1,010.07 and a two-hundred day simple moving average of $1,063.87. The firm has a market cap of $162.56 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48. BlackRock has a twelve month low of $893.93 and a twelve month high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, topping the consensus estimate of $12.40 by $0.13. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.56 billion. BlackRock had a return on equity of 14.96% and a net margin of 24.40%.The business's revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the previous year, the company posted $9.64 EPS. Analysts expect that BlackRock will post 52.77 earnings per share for the current fiscal year.

Insider Transactions at BlackRock

In other news, COO Robert L. Goldstein sold 54,190 shares of the business's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $1,087.29, for a total value of $58,920,245.10. Following the completion of the transaction, the chief operating officer directly owned 51,478 shares of the company's stock, valued at approximately $55,971,514.62. The trade was a 51.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen Cohen sold 2,179 shares of the business's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,073.87, for a total value of $2,339,962.73. Following the completion of the transaction, the director directly owned 6,543 shares of the company's stock, valued at approximately $7,026,331.41. The trade was a 24.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 64,272 shares of company stock valued at $69,823,426. Corporate insiders own 1.92% of the company's stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Spot bitcoin ETF inflows have accelerated this month, with BlackRock’s IBIT among the leaders — stronger ETF flows boost AUM and recurring fee revenue for BlackRock’s iShares platform. Bitcoin ETFs Just Turned Positive Across Every Timeframe
• Positive Sentiment: Multiple reports show recent sizeable purchases of BTC tied to BlackRock/its products (e.g., IBIT buying activity), which can lift AUM and future management fees if inflows persist. BlackRock buys $900M in Bitcoin
• Neutral Sentiment: BlackRock’s recent April earnings beat and strong quarterly revenue/AUM growth remain a positive backdrop for the stock but may already be priced in after the post‑earnings move. BLK Earnings Summary
• Neutral Sentiment: Media pieces highlighting popular BlackRock ETFs and income/dividend ETF ideas may drive retail interest but are unlikely to change fundamentals near-term. TipRanks: BlackRock ETFs
• Negative Sentiment: Reports that BlackRock’s bitcoin exposure corresponds with a multibillion-dollar unrealized loss (and press coverage of a large BTC purchase amid that loss) raise concerns about mark‑to‑market volatility and potential near‑term earnings noise. BlackRock buys 30,000 BTC amid $6.3B unrealized loss
• Negative Sentiment: Wider market pressures — bond-market weakness and geopolitical jitters (US‑Iran tensions) — are causing risk‑off flows that typically weigh on asset‑manager multiples and can reduce new inflows. Global Bonds Set for Worst Week

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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