QRG Capital Management Inc. Buys 979 Shares of BlackRock $BLK

QRG Capital Management Inc. boosted its stake in BlackRock (NYSE:BLK - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,769 shares of the asset manager's stock after purchasing an additional 979 shares during the quarter. QRG Capital Management Inc.'s holdings in BlackRock were worth $12,597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BLK. Lingohr Asset Management GmbH purchased a new stake in shares of BlackRock in the 3rd quarter valued at about $700,000. Ontario Teachers Pension Plan Board raised its holdings in shares of BlackRock by 6,347.9% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 42,234 shares of the asset manager's stock valued at $49,239,000 after acquiring an additional 41,579 shares in the last quarter. Sienna Gestion raised its holdings in shares of BlackRock by 51.5% in the 3rd quarter. Sienna Gestion now owns 22,859 shares of the asset manager's stock valued at $24,299,000 after acquiring an additional 7,773 shares in the last quarter. Tandem Investment Advisors Inc. purchased a new stake in shares of BlackRock in the 3rd quarter valued at about $83,247,000. Finally, Sarasin & Partners LLP raised its holdings in shares of BlackRock by 10.6% in the 4th quarter. Sarasin & Partners LLP now owns 251,856 shares of the asset manager's stock valued at $269,572,000 after acquiring an additional 24,196 shares in the last quarter. Institutional investors own 80.69% of the company's stock.

BlackRock Price Performance

Shares of BlackRock stock opened at $1,048.73 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.98 and a quick ratio of 2.98. The business's 50 day simple moving average is $1,006.99 and its two-hundred day simple moving average is $1,058.31. The stock has a market capitalization of $163.12 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.44. BlackRock has a one year low of $906.57 and a one year high of $1,219.94.

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

Insider Transactions at BlackRock

In other news, Director Stephen Cohen sold 225 shares of BlackRock stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $1,069.56, for a total value of $240,651.00. Following the sale, the director directly owned 5,661 shares in the company, valued at approximately $6,054,779.16. This trade represents a 3.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction that occurred 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 owned 230,516 shares in the company, valued at approximately $242,168,583.80. This represents a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 106,911 shares of company stock worth $114,670,698. Corporate insiders own 1.92% of the company's stock.

Analyst Ratings Changes

BLK has been the topic of several recent analyst reports. BNP Paribas Exane raised their price target on BlackRock from $1,290.00 to $1,300.00 and gave the company an "outperform" rating in a report on Thursday, January 15th. BMO Capital Markets raised their price target on BlackRock from $1,200.00 to $1,250.00 and gave the company an "outperform" rating in a report on Monday, April 20th. Morgan Stanley raised their price target on BlackRock from $1,368.00 to $1,393.00 and gave the company an "overweight" rating in a report on Wednesday, April 15th. Jefferies Financial Group decreased their price objective on BlackRock from $1,351.00 to $1,199.00 and set a "buy" rating on the stock in a report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods raised 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,269.06.

Trending Headlines about 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 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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