Pictet Asset Management Holding SA Buys 15,602 Shares of BlackRock $BLK

Pictet Asset Management Holding SA increased its stake in shares of BlackRock (NYSE:BLK - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 164,583 shares of the asset manager's stock after purchasing an additional 15,602 shares during the quarter. Pictet Asset Management Holding SA owned 0.11% of BlackRock worth $176,179,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. TruNorth Capital Management LLC boosted its holdings in BlackRock by 1,000.0% during the 3rd quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager's stock valued at $26,000 after acquiring an additional 20 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in BlackRock during the 4th quarter valued at $32,000. Hopwood Financial Services Inc. boosted its holdings in BlackRock by 866.7% during the 3rd quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager's stock valued at $34,000 after acquiring an additional 26 shares during the period. Collier Financial purchased a new position in BlackRock during the 3rd quarter valued at $36,000. Finally, Goodman Advisory Group LLC purchased a new position in BlackRock during the 3rd quarter valued at $37,000. Institutional investors own 80.69% of the company's stock.

Wall Street Analyst Weigh In

BLK has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on BlackRock from $1,235.00 to $1,270.00 and gave the company a "buy" rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price objective on BlackRock from $1,269.00 to $1,128.00 and set a "neutral" rating for the company in a report on Monday, April 13th. Keefe, Bruyette & Woods boosted their price objective on BlackRock from $1,150.00 to $1,240.00 and gave the company an "outperform" rating in a report on Wednesday, April 15th. Weiss Ratings restated a "buy (b-)" rating on shares of BlackRock in a report on Friday, March 27th. Finally, Evercore restated an "outperform" rating and set a $1,220.00 price objective on shares of BlackRock in a report on Wednesday, April 15th. One equities research 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,269.06.

BlackRock Price Performance

Shares of BLK stock opened at $1,057.34 on Tuesday. BlackRock has a twelve month low of $893.93 and a twelve month high of $1,219.94. The stock has a market capitalization of $164.46 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 1.36 and a beta of 1.48. The stock has a fifty day simple moving average of $1,009.79 and a two-hundred day simple moving average of $1,061.68. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.37.

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

Insiders Place Their Bets

In other news, COO Robert L. Goldstein sold 5,293 shares of the business's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,084.22, for a total value of $5,738,776.46. Following the completion of the transaction, the chief operating officer directly owned 46,185 shares of the company's stock, valued at approximately $50,074,700.70. The trade was a 10.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director J. Richard Kushel sold 385 shares of the business's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $1,084.91, for a total value of $417,690.35. Following the completion of the transaction, the director directly owned 3,335 shares of the company's stock, valued at approximately $3,618,174.85. The trade was a 10.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 64,272 shares of company stock worth $69,823,426. 1.92% of the stock is currently owned by company insiders.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Analyst pieces highlight BlackRock as an attractive dividend stock and point to durable fee-generating cash flows that support payouts and long-term shareholder returns. BlackRock (BLK) is a Top Dividend Stock Right Now: Should You Buy?
• Positive Sentiment: Industry write-ups single out BlackRock’s recent Q1 beat as a catalyst that sets positive expectations for asset managers, reinforcing momentum in fee revenue and EPS. 3 Asset Management Stocks Set to Pull Off Earnings Beat in Q1
• Positive Sentiment: Open interest on options tied to BlackRock’s spot Bitcoin ETF has climbed and the ETF has attracted sizable inflows, supporting fee growth and cross-selling opportunities across BlackRock’s ETF platform. Elevated crypto ETF activity is drawing investor attention to BLK’s product leadership. Open interest on BlackRock's bitcoin ETF options reaches new heights
• Positive Sentiment: Grupo Mexico agreed to merge its power unit with a BlackRock-backed company (Saavi), creating Mexico’s largest private power operator — a strategic win for BlackRock’s infrastructure exposure and potential fee/return generation in Latin America. Grupo Mexico to Merge Power Unit With BlackRock-Backed Saavi
• Positive Sentiment: Product/ETF expansion — BlackRock launched region-specific active equity strategies and its dividend-focused ETFs continue to attract income-seeking flows, which can bolster AUM and recurring fees. 3 High-Yield BlackRock Dividend ETFs for Passive Income
• Neutral Sentiment: BlackRock disclosed a new stake in Archer Aviation (ACHR); portfolio moves into early-stage or stressed names can reflect active allocation strategy but also carry idiosyncratic risk and won’t meaningfully change BLK’s core fee profile. ACHR stock gains institutional muscle: BlackRock reveals 6.9% stake
• Negative Sentiment: Competitive pressure in the spot Bitcoin ETF market — analysts flag Morgan Stanley’s MSBT as a credible challenger that could pressure market share and fee dynamics over time if inflows reallocate. Bitcoin ETF: Three Reasons Morgan Stanley's MSBT Could Overtake BlackRock's IBIT BTC ETF

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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