BlackRock $BLK Shares Sold by Capital International Inc. CA

Capital International Inc. CA cut its holdings in shares of BlackRock (NYSE:BLK) by 35.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,215 shares of the asset manager’s stock after selling 27,037 shares during the period. Capital International Inc. CA’s holdings in BlackRock were worth $52,677,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Capital International Investors lifted its holdings in BlackRock by 7.4% during the 4th quarter. Capital International Investors now owns 1,976,762 shares of the asset manager’s stock worth $2,116,082,000 after buying an additional 135,674 shares in the last quarter. Modus Advisors LLC acquired a new stake in BlackRock during the 4th quarter worth approximately $50,000. Longfellow Investment Management Co. LLC lifted its holdings in BlackRock by 27.2% during the 4th quarter. Longfellow Investment Management Co. LLC now owns 1,188 shares of the asset manager’s stock worth $1,272,000 after buying an additional 254 shares in the last quarter. DB&C Advisors LLC acquired a new stake in BlackRock during the 4th quarter worth approximately $348,000. Finally, XML Financial LLC lifted its holdings in BlackRock by 30.6% during the 4th quarter. XML Financial LLC now owns 533 shares of the asset manager’s stock worth $571,000 after buying an additional 125 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Down 2.5%

BlackRock stock opened at $996.54 on Friday. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. The company has a market capitalization of $154.69 billion, a P/E ratio of 25.01, a PEG ratio of 1.30 and a beta of 1.42. The stock has a 50-day simple moving average of $1,033.61 and a 200-day simple moving average of $1,051.36.

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

BlackRock Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, June 5th. BlackRock’s dividend payout ratio (DPR) is 57.53%.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) reported its first daily inflow in 13 days, bringing in $47.66 million and ending a recent streak of outflows. That suggests at least some stabilization in one of BlackRock’s most-watched ETF products. BlackRock Records First Bitcoin ETF Inflow in 13 Days
• Positive Sentiment: BlackRock executives sounded constructive on the macro backdrop, with commentary on a solid U.S. jobs report, AI-driven market trends, and the Fed’s likely patience on rates. Softer rate-hike expectations can support risk assets and asset-manager sentiment. BlackRock’s Rieder Talks Jobs Report, AI and Markets
• Positive Sentiment: BlackRock disclosed that its combined stake in Orion Corporation rose above 5%, highlighting ongoing portfolio activity and continued influence as a major global shareholder. Orion Corporation Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
• Neutral Sentiment: One analyst write-up said BlackRock’s fair value estimate was trimmed only slightly, pointing to mixed Street views rather than a major shift in fundamentals. Why The Narrative Around BlackRock (BLK) Is Shifting After Mixed Analyst Target Resets
• Neutral Sentiment: BlackRock’s portfolio manager Jeffrey Rosenberg said the Fed is not in a hurry to raise rates, reinforcing the view that policy may remain supportive for markets, though the comment itself is not company-specific. Fed Is In No Hurry To Raise Rates, BlackRock’s Rosenberg Says
• Negative Sentiment: BlackRock was also included in a sector-wide selloff tied to redemption concerns around Cliffwater’s Corporate Lending Fund, which raised fresh worries about liquidity in alternative credit products. Alternative Managers Shares Slip as Cliffwater Redemption Fears Mount
• Negative Sentiment: Broader crypto headlines remain a headwind: Bitcoin ETFs saw large outflows over the prior 13 days, and BlackRock’s IBIT was cited as a major contributor to the pressure, which can weigh on sentiment toward BLK’s ETF growth story. Bitcoin ETFs Lose $4.4B as Outflows Hit 13-Day Record Run

Insider Buying and Selling at BlackRock

In related news, President Robert Kapito sold 8,739 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the sale, the president owned 210,186 shares in the company, valued at $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Laurence Fink sold 33,900 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the completion of the sale, the chief executive officer owned 230,516 shares of the company’s stock, valued at $242,168,583.80. This trade represents a 12.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on BLK shares. Evercore reissued an “outperform” rating and issued a $1,220.00 price objective on shares of BlackRock in a research report on Wednesday, April 15th. TD Cowen dropped their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. Keefe, Bruyette & Woods increased their price objective on shares of BlackRock from $1,150.00 to $1,240.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Morgan Stanley increased their price objective on shares of BlackRock from $1,368.00 to $1,393.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, UBS Group increased their price objective on shares of BlackRock from $1,235.00 to $1,270.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and a consensus price target of $1,269.06.

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.