CI Investments Inc. Sells 46,287 Shares of BlackRock $BLK

CI Investments Inc. lowered its position in shares of BlackRock (NYSE:BLK) by 63.6% during the first quarter, HoldingsChannel.com reports. The fund owned 26,443 shares of the asset manager’s stock after selling 46,287 shares during the quarter. CI Investments Inc.’s holdings in BlackRock were worth $25,430,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in BlackRock by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager’s stock worth $15,051,846,000 after purchasing an additional 221,123 shares in the last quarter. State Street Corp boosted its holdings in shares of BlackRock by 0.5% during the 4th quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock worth $6,705,193,000 after buying an additional 33,752 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of BlackRock by 5,190.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after buying an additional 5,386,640 shares during the period. Temasek Holdings Private Ltd increased its stake in shares of BlackRock by 4.7% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock valued at $5,126,387,000 after acquiring an additional 237,667 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in BlackRock by 3.0% during the fourth quarter. Bank of America Corp DE now owns 5,197,904 shares of the asset manager’s stock worth $5,563,524,000 after acquiring an additional 149,902 shares in the last quarter. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Performance

Shares of BLK opened at $1,056.84 on Thursday. The stock has a 50 day moving average of $1,031.34 and a 200 day moving average of $1,042.28. The company has a market capitalization of $163.80 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.17 and a beta of 1.43. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The company’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the company earned $12.05 earnings per share. As a group, sell-side analysts forecast that BlackRock will post 55.63 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 5th were given a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, June 5th. BlackRock’s payout ratio is presently 54.78%.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s board declared a quarterly cash dividend of $5.73 per share, reinforcing its shareholder-return profile and signaling confidence in cash generation. BlackRock Declares Quarterly Dividend of $5.73 on Common Stock
• Positive Sentiment: Bitcoin ETF inflows remained strong, with BlackRock’s IBIT extending its hot streak and helping the firm capture more crypto-linked demand. Bitcoin ETFs See $900 Million Weekly Inflows as IBIT Extends Hot Streak
• Positive Sentiment: BlackRock’s Q2 earnings call highlighted record $15.3 trillion in AUM and stronger net inflows, underscoring improving scale and momentum in the core asset-management business. BlackRock (BLK) Q2 2026 Earnings Call Transcript
• Positive Sentiment: BlackRock-backed GIP and partners completed the acquisition of Aligned Data Centers and committed an additional $5 billion in growth capital, strengthening BlackRock’s position in AI infrastructure investing. AIP, MGX and BlackRock’s GIP Close Acquisition of Aligned Data Centers
• Positive Sentiment: Zacks upgraded BlackRock from hold to strong-buy, which may help sentiment around the shares. Zacks upgrade
• Neutral Sentiment: BlackRock Canada announced monthly iShares ETF cash distributions, including an estimated payout for the Premium Money Market ETF; this is routine and generally not a major driver for BLK stock. BlackRock Canada Announces July Cash Distributions for the iShares ETFs
• Neutral Sentiment: BlackRock’s advisory view that the semiconductor selloff was overdone reflects the firm’s broader market commentary, but it is not a direct earnings or operating catalyst for BLK itself. Time to Buy SanDisk, Micron? BlackRock Says Chip Stock Rout Is Overdone

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BLK. BNP Paribas Exane lifted their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,389.00 price target on shares of BlackRock in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,258.00 price objective on shares of BlackRock in a report on Thursday, July 16th. BMO Capital Markets lifted their price target on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, BlackRock presently has a consensus rating of “Buy” and an average target price of $1,304.29.

Insider Activity

In other news, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the completion of the transaction, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Robert Kapito sold 8,739 shares of the business’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 directly owned 210,186 shares of the company’s stock, valued at approximately $222,082,527.60. This represents a 3.99% 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.

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.