Osprey Private Wealth LLC Acquires 1,204 Shares of BlackRock $BLK

Key Points

• Osprey Private Wealth LLC increased its BlackRock stake by 15.2% in the fourth quarter, buying 1,204 additional shares and bringing its total holdings to 9,132 shares worth about $9.77 million.
• Several analysts remain constructive on BlackRock, with recent target-price increases from firms including BMO Capital Markets, Morgan Stanley, and Barclays. The stock has a consensus rating of Moderate Buy and an average price target of $1,269.06.
• BlackRock reported strong quarterly results, beating EPS and revenue estimates, while the stock was also in focus after CEO Laurence Fink sold 33,900 shares and insiders sold a total of 106,911 shares over the past 90 days.

Osprey Private Wealth LLC boosted its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 15.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,132 shares of the asset manager's stock after purchasing an additional 1,204 shares during the period. BlackRock comprises approximately 2.8% of Osprey Private Wealth LLC's investment portfolio, making the stock its 11th biggest position. Osprey Private Wealth LLC's holdings in BlackRock were worth $9,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. lifted its stake in BlackRock by 866.7% during the third quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager's stock worth $34,000 after purchasing an additional 26 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in BlackRock during the fourth quarter worth $32,000. Collier Financial bought a new stake in BlackRock during the third quarter worth $36,000. Goodman Advisory Group LLC bought a new stake in BlackRock during the third quarter worth $37,000. Finally, Dogwood Wealth Management LLC lifted its stake in BlackRock by 94.1% during the third quarter. Dogwood Wealth Management LLC now owns 33 shares of the asset manager's stock worth $38,000 after purchasing an additional 16 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BLK has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on BlackRock from $1,200.00 to $1,250.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Morgan Stanley increased their price target on BlackRock from $1,368.00 to $1,393.00 and gave the company an "overweight" rating in a research note on Wednesday, April 15th. Jefferies Financial Group dropped 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. CICC Research increased their price target on BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. Finally, Barclays increased their price target on BlackRock from $1,290.00 to $1,310.00 and gave the company an "overweight" rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,269.06.

Insiders Place Their Bets

In related news, CEO Laurence Fink sold 33,900 shares of the stock in a transaction on Tuesday, April 28th. The stock was 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 in the company, valued at $242,168,583.80. This represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen Cohen sold 225 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $1,069.56, for a total value of $240,651.00. Following the completion of the sale, the director owned 5,661 shares of the company's stock, valued at $6,054,779.16. The trade was a 3.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 106,911 shares of company stock valued at $114,670,698 over the last ninety days. 1.92% of the stock is currently owned by corporate insiders.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is drawing interest from investors after reports highlighted its new Aladdin private credit features with Preqin, which could strengthen its data and analytics offering in a growing market and support future asset-management revenue. BlackRock (BLK) Valuation Check As New Aladdin Private Credit Features With Preqin Draw Focus
• Positive Sentiment: CEO Larry Fink’s push for clearer crypto and tokenization rules, along with comments that “compute futures” could become a new asset class, reinforces BlackRock’s reputation as an innovation leader in digital assets and next-generation markets. BlackRock CEO Larry Fink Is Demanding Crypto Regulations. Here's What It Means for Investors.
• Positive Sentiment: BlackRock’s ETF franchise continues to be highlighted as a major competitive advantage, with articles pointing to lower fees, scale, and liquidity benefits that could keep supporting inflows into iShares products. BlackRock Touts ETFs as Liquidity Antidote to Private Exposure
• Neutral Sentiment: BlackRock’s philanthropic $30 million Texas workforce initiative may improve brand and public relations, but it is unlikely to move the stock materially in the near term. BlackRock Launches Signature Philanthropic Initiative in Texas with $30M Commitment to Grow Electrical Workforce
• Negative Sentiment: Recent reports that BlackRock cut the value of parts of its private credit portfolio, including markdowns tied to software borrowers, are a reminder that credit risk remains elevated in a softer lending environment. BlackRock cut private credit fund's value by 5% in first quarter
• Negative Sentiment: News that a BlackRock Asia private credit fund is trying to recover money from a defaulted China loan adds to concerns about underwriting quality and credit performance in the firm’s private markets business. BlackRock Fund Faces Test in Recovering Defaulted China Loan

BlackRock Stock Up 1.5%

Shares of BLK opened at $1,083.38 on Friday. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The stock has a market capitalization of $168.51 billion, a price-to-earnings ratio of 27.19, a PEG 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 2.98 and a current ratio of 4.09. The stock has a fifty day moving average of $1,006.83 and a 200-day moving average of $1,056.97.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share 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 the consensus estimate of $6.56 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.BlackRock's quarterly revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the business posted $9.64 earnings per share. As a group, sell-side analysts anticipate that BlackRock will post 52.77 earnings per share for the current fiscal year.

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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