International Private Wealth Advisors LLC Takes Position in BlackRock $BLK

International Private Wealth Advisors LLC bought a new position in shares of BlackRock (NYSE:BLK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 569 shares of the asset manager’s stock, valued at approximately $663,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. lifted its position in shares of BlackRock by 450.0% during the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after buying an additional 18 shares during the last quarter. TruNorth Capital Management LLC raised its stake in BlackRock by 1,000.0% during the 3rd quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock worth $26,000 after acquiring an additional 20 shares in the last quarter. Traub Capital Management LLC purchased a new stake in BlackRock in the second quarter valued at $28,000. Whipplewood Advisors LLC boosted its stake in BlackRock by 107.1% in the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 15 shares in the last quarter. Finally, Creekmur Asset Management LLC grew its holdings in shares of BlackRock by 87.5% during the second quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock worth $32,000 after purchasing an additional 14 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock formally expanded into DeFi by listing its tokenized Treasury fund (BUIDL) on Uniswap and enabling on?chain trading — a strategic move that broadens distribution channels for BlackRock’s digital?asset products and could support future fee/AUM growth. Read More.
• Positive Sentiment: Income and earnings fundamentals: company reporting and corporate actions (recent EPS beat and an increased quarterly dividend to $5.73) provide support for income?oriented investors and justify parts of the stock’s elevated multiple. Read More.
• Neutral Sentiment: 13F / portfolio moves: recent SEC filings show large BlackRock fund repositioning (additions to IVV, MSFT, GOOGL, AMZN and new sizable positions in tickers like Q, SOLS, LXP) — signals scale and active management but are informational about fund flows rather than an immediate BLK earnings driver. Read More.
• Neutral Sentiment: Routine ownership disclosures: filings around a ~5% voting stake in BAWAG Group were posted — standard large?investor activity with limited direct impact on BlackRock’s core management fees. Read More.
• Negative Sentiment: Insider selling: COO Robert Goldstein executed sizeable open?market sales (Feb. 10–11; Form 4 filed). Large insider sales can weigh on near?term sentiment even when they’re for diversification or tax planning. Read More.
• Negative Sentiment: Reported private?credit loss: a WSJ report about a ~$400M loss linked to fake invoices in a BlackRock unit highlights execution and due?diligence risk in private markets and can pressure the multiple investors assign to alternatives. Read More.
• Negative Sentiment: Crypto headwinds: weakening crypto prices, ETF outflows and reports that some BlackRock crypto portfolios have trimmed BTC/ETH exposure could limit near?term AUM and fee growth from digital?asset offerings despite the Uniswap announcement. Read More.

BlackRock Stock Performance

BLK opened at $1,071.59 on Friday. The stock’s 50 day simple moving average is $1,093.52 and its 200 day simple moving average is $1,105.83. The stock has a market cap of $166.26 billion, a P/E ratio of 30.25, a P/E/G ratio of 1.32 and a beta of 1.47. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 3.33.

BlackRock (NYSE:BLK) last posted its earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share for the quarter, beating the consensus estimate of $12.55 by $0.61. The company had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.80 billion. BlackRock had a return on equity of 15.14% and a net margin of 22.93%.BlackRock’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.93 earnings per share. As a group, equities analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be paid a dividend of $5.73 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date of this dividend is Friday, March 6th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.1%. BlackRock’s dividend payout ratio is 58.84%.

Insider Buying and Selling

In related news, COO Robert L. Goldstein sold 54,190 shares of BlackRock stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $1,087.29, for a total transaction of $58,920,245.10. Following the completion of the sale, the chief operating officer owned 51,478 shares in the company, valued at approximately $55,971,514.62. This trade represents a 51.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Small sold 27,047 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $1,171.14, for a total transaction of $31,675,823.58. Following the completion of the transaction, the chief financial officer owned 10,557 shares in the company, valued at approximately $12,363,724.98. This trade represents a 71.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 109,967 shares of company stock valued at $122,487,380. 1.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BLK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on BlackRock from $1,310.00 to $1,340.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Bank of America increased their price objective on BlackRock from $1,456.00 to $1,464.00 in a report on Wednesday, December 10th. Wall Street Zen raised shares of BlackRock from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. BNP Paribas Exane increased their price target on shares of BlackRock from $1,290.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of BlackRock from $1,244.00 to $1,267.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and a consensus price target of $1,311.11.

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.