Munich Reinsurance Co Stock Corp in Munich Acquires 11,328 Shares of BlackRock $BLK

Key Points

• Munich Reinsurance raised its BlackRock stake by 7,124.5% in Q4, buying 11,328 shares to hold 11,487 shares valued at about $12.44 million.
• Large institutional buying continued—Oak Harvest added ~1.58 million shares to own ~1.595 million shares (~$1.707 billion), and institutional investors now hold 80.69% of BlackRock.
• BlackRock beat quarterly estimates, reporting $12.53 EPS versus $12.40 expected and $6.70B revenue (up 27% YoY); analysts carry a consensus "Moderate Buy" rating with an average price target of $1,269.06.

Munich Reinsurance Co Stock Corp in Munich lifted its holdings in BlackRock (NYSE:BLK - Free Report) by 7,124.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,487 shares of the asset manager's stock after purchasing an additional 11,328 shares during the period. Munich Reinsurance Co Stock Corp in Munich's holdings in BlackRock were worth $12,444,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BLK. Oak Harvest Investment Services lifted its position 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 last quarter. Viking Global Investors LP raised its stake in shares of 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 acquiring an additional 424,388 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of 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 acquiring an additional 244,253 shares in the last quarter. Amundi lifted its holdings in BlackRock by 39.5% in the 3rd quarter. Amundi now owns 547,249 shares of the asset manager's stock worth $645,354,000 after purchasing an additional 154,907 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in BlackRock by 13.4% during 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 purchasing an additional 143,126 shares during the period. 80.69% of the stock is currently owned by institutional investors.

More BlackRock News

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 Stock Performance

Shares of NYSE BLK opened at $1,045.12 on Friday. The business has a fifty day simple moving average of $1,010.07 and a 200 day simple moving average of $1,063.87. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $162.56 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.37 and a beta of 1.48. BlackRock has a one year low of $893.93 and a one year high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results 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 return on equity of 14.96% and a net margin of 24.40%.BlackRock's revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the company posted $9.64 earnings per share. Sell-side analysts expect that BlackRock will post 52.77 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BLK shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of BlackRock in a research report on Friday, March 27th. Wall Street Zen upgraded BlackRock from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Barclays upped their price target on BlackRock from $1,290.00 to $1,310.00 and gave the stock an "overweight" rating in a report on Wednesday, April 15th. TD Cowen cut their price target on BlackRock from $1,238.00 to $1,105.00 and set a "hold" rating for the company in a report on Thursday, April 9th. Finally, Freedom Capital upgraded BlackRock from a "hold" rating to a "strong-buy" rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,269.06.

Insiders Place Their Bets

In other BlackRock news, Director Stephen Cohen sold 2,179 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,073.87, for a total transaction of $2,339,962.73. Following the completion of the transaction, the director directly owned 6,543 shares in the company, valued at $7,026,331.41. This represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director J. Richard Kushel sold 2,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $1,083.05, for a total value of $2,166,100.00. Following the transaction, the director owned 61,980 shares of the company's stock, valued at $67,127,439. This represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 64,272 shares of company stock worth $69,823,426 over the last three months. 1.92% of the stock is currently owned by corporate insiders.

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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