Texas Yale Capital Corp. Buys 1,405 Shares of BlackRock $BLK

Key Points

• Texas Yale Capital Corp. increased its BlackRock stake by 32.2% in the fourth quarter, buying 1,405 additional shares and bringing its holdings to 5,764 shares worth about $6.17 million.
• BlackRock also saw significant institutional activity more broadly, with major investors such as Norges Bank, Oak Harvest Investment Services, Blue Owl Capital Holdings, and Vanguard adjusting positions; institutional ownership now stands at 80.69%.
• On the company side, BlackRock reported strong quarterly results and maintained a quarterly dividend of $5.73 per share, while insiders including President Robert Kapito and CEO Laurence Fink sold shares in late April.

Texas Yale Capital Corp. grew its stake in BlackRock (NYSE:BLK - Free Report) by 32.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,764 shares of the asset manager's stock after purchasing an additional 1,405 shares during the period. Texas Yale Capital Corp.'s holdings in BlackRock were worth $6,169,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BLK. Norges Bank bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $2,742,680,000. Oak Harvest Investment Services lifted its stake 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 acquiring an additional 1,582,159 shares during the last quarter. Blue Owl Capital Holdings LP bought a new stake in shares of BlackRock during the 4th quarter worth approximately $1,012,487,000. Viking Global Investors LP lifted its stake in shares of BlackRock by 217.5% during the 3rd quarter. Viking Global Investors LP now owns 619,492 shares of the asset manager's stock worth $722,247,000 after acquiring an additional 424,388 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of BlackRock by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager's stock worth $15,051,846,000 after acquiring an additional 221,123 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the transaction, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.92% of the company's stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Several articles framed BlackRock as a strong dividend stock, which can support investor interest in BLK’s income profile and overall quality reputation. Why BlackRock (BLK) is a Great Dividend Stock Right Now
• Positive Sentiment: BlackRock’s recent earnings strength remains a backdrop for the stock, with the company having reported better-than-expected EPS and revenue in its latest quarter. This reinforces confidence in the firm’s fundamentals. BlackRock Scales Back Equities After ‘Generational’ Earnings
• Neutral Sentiment: BlackRock is trimming stock exposure in its model portfolios after a strong run in U.S. equities. That suggests a more cautious near-term stance, but it is more of an asset-allocation decision than a direct hit to BLK’s earnings. BlackRock Scales Back Equities After ‘Generational’ Earnings
• Neutral Sentiment: Texas is shifting its Bitcoin reserve from BlackRock’s IBIT ETF to direct custody, but the allocation is small and the move reflects a change in custody preference rather than a broad rejection of BlackRock’s crypto platform. Texas Bitcoin reserve plans shift from ETF to direct custody
• Negative Sentiment: U.S. spot Bitcoin ETFs saw large outflows, and BlackRock’s IBIT accounted for the biggest share of redemptions. That can weigh on sentiment around one of BLK’s most visible growth products. U.S. Bitcoin Spot ETFs Hit by $228M Outflow as IBIT Sees Heavy Exit
• Negative Sentiment: Additional reports said IBIT had near-record outflows as Bitcoin fell below $75,000, suggesting investors are pulling back from the product during the crypto selloff. BlackRock Bitcoin ETF sees near-record outflows as BTC dips below $75K
• Negative Sentiment: Another report described a large single-day withdrawal from a BlackRock ETF, reinforcing concerns that crypto ETF flows are weakening and may be creating short-term pressure on BLK sentiment. Mysterious trader dumps $1B from BlackRock ETF
• Negative Sentiment: BlackRock’s IBIT also saw heavy daily outflows in the latest ETF flow data, which may be contributing to the stock’s softer tone today. Texas Shifts Bitcoin Holdings from ETF to Direct Custody Control

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BLK shares. JPMorgan Chase & Co. decreased their price target on BlackRock from $1,269.00 to $1,128.00 and set a "neutral" rating for the company in a research note on Monday, April 13th. The Goldman Sachs Group raised their price target on BlackRock from $1,181.00 to $1,313.00 and gave the stock a "buy" rating in a research note on Wednesday, April 15th. UBS Group raised their price target on BlackRock from $1,235.00 to $1,270.00 and gave the stock a "buy" rating in a research note on Wednesday, April 15th. Jefferies Financial Group decreased their price target on BlackRock from $1,351.00 to $1,199.00 and set a "buy" rating for the company in a research note on Wednesday, April 8th. Finally, Morgan Stanley raised their price target 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,269.06.

BlackRock Trading Down 0.1%

BLK opened at $1,045.88 on Friday. The stock's fifty day moving average is $1,029.75 and its two-hundred day moving average is $1,053.69. The company has a market capitalization of $162.36 billion, a P/E ratio of 26.25, a PEG ratio of 1.36 and a beta of 1.44. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, topping the consensus estimate of $12.40 by $0.13. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.56 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.BlackRock's quarterly revenue was up 27.0% on a year-over-year basis. During the same period last year, the business posted $9.64 EPS. Analysts forecast that BlackRock will post 52.8 earnings per share for the current year.

BlackRock Announces Dividend

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

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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