Tempo Wealth LLC Invests $1.64 Million in BlackRock $BLK

Key Points

• Tempo Wealth LLC opened a new position in BlackRock during the fourth quarter, buying 1,531 shares valued at about $1.64 million.
• Large institutional investors continue to pile into BlackRock, with Corient Private Wealth, Norges Bank, Oak Harvest Investment Services, Wellington Management, and Blue Owl Capital all making major additions or new stakes. Institutional ownership now stands at 80.69% of the company.
• BlackRock is drawing attention for growth initiatives and solid fundamentals, including new Bitcoin-linked ETF products, a quarterly dividend of $5.73 per share, and recent earnings that beat estimates on both EPS and revenue.

Tempo Wealth LLC bought a new position in shares of BlackRock (NYSE:BLK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,531 shares of the asset manager's stock, valued at approximately $1,639,000.

Several other large investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its position in shares of BlackRock by 5,190.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock valued at $5,876,618,000 after acquiring an additional 5,386,640 shares during the period. Norges Bank bought a new stake in BlackRock in the 4th quarter valued at about $2,742,680,000. Oak Harvest Investment Services grew its position in shares of BlackRock by 12,176.1% during the 4th quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager's stock worth $1,707,356,000 after purchasing an additional 1,582,159 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of BlackRock by 200.5% during the fourth quarter. Wellington Management Group LLP now owns 1,451,122 shares of the asset manager's stock worth $1,553,194,000 after purchasing an additional 968,245 shares during the period. Finally, Blue Owl Capital Holdings LP bought a new stake in shares of BlackRock in the fourth quarter valued at approximately $1,012,487,000. 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: BlackRock expanded its digital-assets lineup by launching a new iShares Bitcoin Premium Income ETF, a covered-call Bitcoin income product that could attract yield-seeking investors and broaden fee-generating AUM. BlackRock (BLK) Launches Bitcoin Income ETF To Expand Its Digital Assets Suite
• Positive Sentiment: BlackRock also filed for an additional covered-call Bitcoin ETF aimed at income investors, reinforcing its push to deepen its crypto product offering and potentially capture more demand in a fast-growing niche. BlackRock Files For Covered-Call Bitcoin ETF Aimed At Income Seekers
• Positive Sentiment: BlackRock Canada announced June cash distributions for iShares ETFs, underscoring stable ETF operations and recurring income generation across its franchise. BlackRock Canada Announces June Cash Distributions for the iShares ETFs
• Neutral Sentiment: BlackRock was mentioned in market commentary after the Federal Reserve held rates steady and signaled a potentially higher-for-longer policy path, which can affect asset flows and fixed-income performance but is not directly company-specific. Federal Reserve Holds Rates Steady as Officials Signal Potential Hikes Under New Chair Kevin Warsh
• Neutral Sentiment: Analyst-style and comparison articles highlighted BlackRock’s scale, Aladdin platform, and leadership in asset management, but these were more commentary than fresh catalysts. BlackRock vs. Blackstone: Which Financial Stock Is a Better Buy in 2026?
• Negative Sentiment: Broader crypto and risk-asset weakness following the Fed decision may be weighing on sentiment, which can offset some of the enthusiasm around BlackRock’s new Bitcoin-linked products.

Wall Street Analyst Weigh In

A number of research firms have commented on BLK. Morgan Stanley raised their price objective on BlackRock from $1,368.00 to $1,393.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 15th. Evercore dropped their price target on BlackRock from $1,220.00 to $1,140.00 and set an "outperform" rating for the company in a research note on Monday, June 8th. The Goldman Sachs Group upped their price objective on shares of BlackRock from $1,181.00 to $1,313.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Jefferies Financial Group reduced their price objective on shares of BlackRock from $1,351.00 to $1,199.00 and set a "buy" rating on the stock in a research note on Wednesday, April 8th. Finally, Weiss Ratings raised shares of BlackRock from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,264.61.

Insider Buying and Selling at BlackRock

In related news, President Robert Kapito sold 8,739 shares of the firm's stock in a transaction 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 sale, the president owned 210,186 shares of the company's stock, valued at $222,082,527.60. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of the business's 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 sale, the chief executive officer owned 230,516 shares in the company, valued at $242,168,583.80. This represents a 12.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.92% of the company's stock.

BlackRock Price Performance

BLK stock opened at $1,051.51 on Friday. The stock has a market cap of $163.23 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.38 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. The company has a 50 day simple moving average of $1,046.92 and a 200 day simple moving average of $1,051.90. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94.

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, beating analysts' consensus estimates of $12.40 by $0.13. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.56 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. The company's quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the business posted $9.64 earnings per share. Research analysts anticipate that BlackRock will post 52.8 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th will be paid a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, June 5th. BlackRock's dividend payout ratio is presently 57.53%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.