Providence First Trust Co Has $776,000 Position in BlackRock $BLK

Providence First Trust Co trimmed its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 74.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 725 shares of the asset manager's stock after selling 2,078 shares during the period. Providence First Trust Co's holdings in BlackRock were worth $776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Shum Financial Group Inc. boosted its position in BlackRock by 0.4% during the fourth quarter. Shum Financial Group Inc. now owns 2,183 shares of the asset manager's stock valued at $2,336,000 after purchasing an additional 9 shares during the last quarter. First Bancorp Inc ME increased its position in shares of BlackRock by 2.9% during the 4th quarter. First Bancorp Inc ME now owns 321 shares of the asset manager's stock worth $344,000 after purchasing an additional 9 shares during the last quarter. Rather & Kittrell Inc. raised its stake in shares of BlackRock by 2.1% during the 4th quarter. Rather & Kittrell Inc. now owns 430 shares of the asset manager's stock worth $461,000 after purchasing an additional 9 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in shares of BlackRock by 1.2% in the 4th quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager's stock valued at $808,000 after buying an additional 9 shares during the last quarter. Finally, Stanley Laman Group Ltd. increased its holdings in BlackRock by 2.9% during the third quarter. Stanley Laman Group Ltd. now owns 350 shares of the asset manager's stock worth $408,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BLK shares. Freedom Capital raised shares of BlackRock from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 23rd. TD Cowen decreased their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a "hold" rating for the company in a research report on Thursday, April 9th. CICC Research boosted their price objective on shares of BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. Keefe, Bruyette & Woods upped their target price on shares of BlackRock from $1,150.00 to $1,240.00 and gave the company an "outperform" rating in a report on Wednesday, April 15th. Finally, Weiss Ratings cut BlackRock from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 29th. One equities research 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 stock. According to MarketBeat, BlackRock has a consensus rating of "Moderate Buy" and a consensus target price of $1,269.06.

BlackRock Stock Performance

NYSE BLK opened at $1,048.73 on Wednesday. The firm has a 50-day moving average price of $1,006.99 and a two-hundred day moving average price of $1,058.31. BlackRock has a 12-month low of $906.57 and a 12-month high of $1,219.94. The company has a market capitalization of $163.12 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.37 and a beta of 1.44. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37.

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 analysts' consensus estimates of $12.40 by $0.13. The firm 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 14.96% and a net margin of 24.40%.The company's revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the company posted $9.64 EPS. Analysts anticipate that BlackRock will post 52.77 earnings per share for the current year.

Insider Buying and Selling at BlackRock

In other news, Director Stephen Cohen sold 2,179 shares of BlackRock 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 transaction, the director owned 6,543 shares in the company, valued at approximately $7,026,331.41. This trade represents a 24.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J. Richard Kushel sold 2,000 shares of the business's 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 directly owned 61,980 shares of the company's stock, valued at $67,127,439. This trade represents a 3.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 106,911 shares of company stock valued at $114,670,698. 1.92% of the stock is currently owned by insiders.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Larry Fink said BlackRock is partnering with a hyperscaler to build data centers, a move that could diversify revenue, deepen cloud/AI infrastructure ties and signal new fee or custody opportunities once announced later this week. BlackRock's Larry Fink hints at a coming partnership with a hyperscaler
• Positive Sentiment: BlackRock-led institutional flows into U.S. spot Bitcoin ETFs remain strong (multi-day inflows), underscoring product-market dominance for IBIT and supporting fee growth from ETF AUM expansion. This is a near-term driver of asset-gathering momentum. BlackRock And Fidelity Lead $532 Million In Institutional Bitcoin ETF Inflows
• Positive Sentiment: BlackRock split shares of two popular iShares ETFs to make them more accessible to retail investors — a tactical move that can broaden retail participation and potentially boost passive AUM over time. These 2 BlackRock ETFs Get More Accessible After Stock Splits
• Positive Sentiment: Senior BlackRock executives are upbeat on AI-driven demand and emphasize broad secular opportunities beyond headline names, which supports the firm’s equity research and product positioning in AI-related strategies. ‘Like 10 Manhattan Projects going off all at once’: AI is rewiring the entire global economy
• Neutral Sentiment: Rick Rieder (head of fixed income) said he expects the 10-year Treasury to drop toward ~4%, a call that, if realized, would buoy bond returns and fixed-income fund performance but depends on Fed policy and macro surprises. Impact is directional but uncertain. BlackRock's Rieder Sees 10-Year Yield Dropping to 4%
• Neutral Sentiment: DTCC’s tokenization pilot (with BlackRock among participants) signals long-term institutional interest in tokenized securities infrastructure; meaningful revenue is possible but likely further out. DTCC eyes October tokenized securities launch with 50 DeFi and TradFi giants
• Negative Sentiment: Technicals and market positioning likely pressured the stock today: BLK is trading below its 200-day moving average, volume is lighter than average, and investors may be taking profits after recent gains — a short-term headwind for the share price.

BlackRock Company 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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