Intact Investment Management Inc. Buys 900 Shares of BlackRock $BLK

Intact Investment Management Inc. increased its stake in shares of BlackRock (NYSE:BLK) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,400 shares of the asset manager’s stock after acquiring an additional 900 shares during the quarter. Intact Investment Management Inc.’s holdings in BlackRock were worth $8,991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new position in shares of BlackRock in the fourth quarter valued at $32,000. Hopwood Financial Services Inc. lifted its stake in shares of BlackRock by 866.7% in the third quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock valued at $34,000 after buying an additional 26 shares in the last quarter. Collier Financial bought a new position in shares of BlackRock in the third quarter valued at $36,000. Goodman Advisory Group LLC bought a new position in shares of BlackRock in the third quarter valued at $37,000. Finally, Dogwood Wealth Management LLC lifted its stake in shares of BlackRock by 94.1% in the third quarter. Dogwood Wealth Management LLC now owns 33 shares of the asset manager’s stock valued at $38,000 after buying an additional 16 shares in the last quarter. 80.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of BlackRock from $1,181.00 to $1,313.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Freedom Capital raised shares of BlackRock from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Weiss Ratings lowered shares of BlackRock from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Finally, 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 note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,269.06.

BlackRock Stock Performance

NYSE BLK opened at $1,064.31 on Monday. BlackRock has a 52-week low of $906.57 and a 52-week high of $1,219.94. The company has a 50-day simple moving average of $1,007.89 and a 200 day simple moving average of $1,059.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market capitalization of $165.54 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.39 and a beta of 1.44.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.40 by $0.13. BlackRock had a net margin of 24.40% and a return on equity of 14.96%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter last year, the company posted $9.64 earnings per share. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. On average, research analysts predict that BlackRock will post 52.77 EPS for the current year.

Trending Headlines about BlackRock

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

Insider Buying and Selling at BlackRock

In related news, 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 in the company, valued at approximately $242,168,583.80. This trade represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J. Richard Kushel sold 385 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,084.91, for a total transaction of $417,690.35. Following the sale, the director owned 3,335 shares of the company’s stock, valued at $3,618,174.85. This trade represents a 10.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 106,911 shares of company stock valued at $114,670,698 in 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.