Strs Ohio Sells 1,393 Shares of BlackRock $BLK

Key Points

• Strs Ohio trimmed its BlackRock stake by 3.1%, selling 1,393 shares to hold 43,072 shares worth $46.1M, while PFA Pension opened a new ~$92.5M position and institutional investors now own about 80.7% of BLK.
• Insider selling is notable: CEO Laurence Fink sold 33,900 shares (~$35.6M) and President Robert Kapito sold 8,739 shares (~$9.2M), with insiders disposing of 106,911 shares (~$114.7M) over the last three months.
• Strong quarterly results: BlackRock beat estimates with $12.53 EPS and $6.70B revenue (up 27% YoY); analysts' consensus is a "Moderate Buy" with an average price target around $1,269 and the company has a market cap of about $165.5B.

Strs Ohio lessened its position in BlackRock (NYSE:BLK - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,072 shares of the asset manager's stock after selling 1,393 shares during the quarter. Strs Ohio's holdings in BlackRock were worth $46,102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BLK. SevenBridge Financial Group LLC grew its stake in shares of BlackRock by 4.1% during the fourth quarter. SevenBridge Financial Group LLC now owns 3,897 shares of the asset manager's stock valued at $4,371,000 after buying an additional 152 shares during the last quarter. Composition Wealth LLC grew its stake in shares of BlackRock by 8.1% during the fourth quarter. Composition Wealth LLC now owns 751 shares of the asset manager's stock valued at $804,000 after buying an additional 56 shares during the last quarter. Addison Capital Co grew its stake in shares of BlackRock by 1.1% during the fourth quarter. Addison Capital Co now owns 3,826 shares of the asset manager's stock valued at $4,095,000 after buying an additional 40 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of BlackRock during the fourth quarter valued at about $92,518,000. Finally, Syntax Research Inc. grew its stake in shares of BlackRock by 12.2% during the fourth quarter. Syntax Research Inc. now owns 552 shares of the asset manager's stock valued at $591,000 after buying an additional 60 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Rick Rieder (BlackRock’s CIO of global fixed income) told Barron’s Live he sees the U.S. economy as resilient and expressed a bullish view on stocks — a positive sentiment signal that can support investor appetite for BlackRock’s asset management products. Why BlackRock’s Rick Rieder Thinks the U.S. Economy Is Basically Recession-Proof
• Positive Sentiment: BlackRock is flagging a “beyond AI” thematic rotation into utilities/infrastructure (HALO sectors) as part of its model trades — this guidance can influence portfolio flows and ETF positioning. BlackRock Just Flagged 'Beyond' AI Trade
• Positive Sentiment: BlackRock’s iShares AI ETF has shown strong past returns (91% last year), highlighting the firm’s product-level success that can attract continued flows into iShares strategies. iShares’ AI ETF Returned 91% Last Year
• Neutral Sentiment: Coverage noting Boston’s continued prominence as a money‑management hub underscores industry concentration and talent/firm clustering but is unlikely to move BLK shares directly. Not So Fast, Texas. This City Manages Far More Money—and It’s Not New York.
• Neutral Sentiment: Industry peers (Blue Owl, Federated Hermes) reported solid AUM and revenue trends — a constructive backdrop for asset managers broadly but not an immediate BLK-specific catalyst. OWL Q1 Earnings Meet on Revenue & AUM Growth Federated Hermes Q1 Earnings Beat
• Neutral Sentiment: BlackRock executives (Rob Goldstein) warned certain “convenience‑layer” SaaS firms face structural disruption from generative AI — important for asset allocation views but not an immediate earnings driver for BLK. Rob Goldstein: ‘Convenience‑Layer’ SaaS Companies Are ‘In Trouble’ From AI
• Neutral Sentiment: Regulatory/portfolio filings: disclosure that BlackRock’s stake in Fagron crossed below a 3% threshold—routine transparency event with limited market impact. Disclosure of transparency notification
• Negative Sentiment: Outflows from Bitcoin ETFs after the Fed decision hit IBIT (~$167M outflow over the period), a direct negative for BlackRock’s crypto‑ETF AUM and associated fee revenue in the near term. Bitcoin ETFs Lose Nearly Half A Billion Dollars
• Negative Sentiment: Insider selling: CEO Laurence Fink sold 33,900 shares (~$35.6M) and President Robert Kapito sold 8,739 shares recently — sizable disclosed sales that can weigh on near‑term sentiment about insider conviction. Fink Form 4 Kapito Form 4

BlackRock Trading Down 0.1%

BLK opened at $1,064.31 on Friday. The business has a 50 day simple moving average of $1,007.89 and a two-hundred day simple moving average of $1,060.98. The firm has a market capitalization of $165.54 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 1.39 and a beta of 1.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.98 and a quick ratio of 2.98. 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 released its quarterly 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 quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.64 EPS. Analysts predict that BlackRock will post 52.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BLK. Deutsche Bank Aktiengesellschaft raised their price objective on BlackRock from $1,296.00 to $1,380.00 in a research note on Thursday, January 15th. TD Cowen reduced their price objective on BlackRock from $1,238.00 to $1,105.00 and set a "hold" rating on the stock in a research note on Thursday, April 9th. The Goldman Sachs Group raised their price objective on BlackRock from $1,181.00 to $1,313.00 and gave the company a "buy" rating in a research note on Wednesday, April 15th. CICC Research raised their price objective on BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. Finally, Barclays raised their price objective 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 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,269.06.

Insider Buying and Selling at BlackRock

In other BlackRock news, President Robert Kapito sold 8,739 shares of the company's stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the completion of the transaction, the president owned 210,186 shares of the company's stock, valued at $222,082,527.60. This represents a 3.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen Cohen sold 2,179 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,073.87, for a total value of $2,339,962.73. Following the transaction, the director directly owned 6,543 shares of the company's stock, valued at $7,026,331.41. The trade was a 24.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 106,911 shares of company stock worth $114,670,698 over the last three months. 1.92% of the stock is owned by corporate insiders.

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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