NewEdge Wealth LLC Sells 1,952 Shares of BlackRock $BLK

NewEdge Wealth LLC decreased its holdings in BlackRock (NYSE:BLK) by 21.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 7,056 shares of the asset manager’s stock after selling 1,952 shares during the period. NewEdge Wealth LLC’s holdings in BlackRock were worth $6,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of BLK. Corient Private Wealth LLC grew its stake in BlackRock by 5,190.3% in the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock valued at $5,876,618,000 after buying an additional 5,386,640 shares in the last quarter. Norges Bank purchased a new stake in shares of BlackRock during the fourth quarter worth $2,742,680,000. Oak Harvest Investment Services boosted its holdings in shares of BlackRock by 12,176.1% in the fourth 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 period. Auto Owners Insurance Co boosted its holdings in shares of BlackRock by 106,934.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager’s stock worth $128,441,000 after acquiring an additional 1,283,208 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of BlackRock by 200.5% in the fourth quarter. Wellington Management Group LLP now owns 1,451,122 shares of the asset manager’s stock valued at $1,553,194,000 after purchasing an additional 968,245 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BLK. Bank of America increased their price objective on BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. BMO Capital Markets lifted their target price on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Barclays upped their price target on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. BNP Paribas Exane increased their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Finally, TD Cowen cut their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Two investment 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, the stock has an average rating of “Buy” and a consensus price target of $1,304.29.

Insider Transactions at BlackRock

In other BlackRock news, CEO Laurence Fink sold 33,900 shares of BlackRock 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 sale, the chief executive officer owned 230,516 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. Also, President Robert Kapito sold 8,739 shares of the company’s stock in a transaction dated 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 completion of the transaction, the president owned 210,186 shares of the company’s stock, valued at $222,082,527.60. The trade was a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.92% of the company’s stock.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s iShares Bitcoin ETF, IBIT, is leading a rebound in Bitcoin ETF flows, with inflows extending to seven straight days and nearly $1 billion returning to the category. That supports sentiment around BlackRock’s fast-growing ETF business. BlackRock’s IBIT Leads Nearly $1B Bitcoin ETF Recovery as Inflows Hit 7 Straight Days
• Positive Sentiment: BlackRock also gained attention for joining Strategy, Coinbase, and others in a $15 million Bitcoin security consortium aimed at funding quantum-resistant protections for the network, reinforcing its role as a major institutional player in crypto infrastructure. BlackRock, Coinbase and Strategy Pledge $15M to Quantum-Proof Bitcoin
• Positive Sentiment: The company continues to lean into large-scale infrastructure finance, including reports that BlackRock is helping fund Meta’s data-center buildout and that its Global Infrastructure Partners unit is exploring securitization tied to private capital stakes, which highlights fee-generating opportunities in private markets and AI-related investing. BlackRock Leads $12B Meta Data Center Debt, Buys Aligned
• Neutral Sentiment: BlackRock declared a quarterly dividend of $5.73 per share, which underscores steady cash generation and may attract income-focused investors, but is not a major new growth catalyst. BlackRock Declares Quarterly Dividend of $5.73 on Common Stock
• Negative Sentiment: A law firm announced an investigation into potential securities claims involving BlackRock mutual funds, which could create legal overhang and weigh on sentiment if the probe gains traction. BlackRock Investor News: If You Have Suffered Losses in BlackRock, Inc. Mutual Funds, You Are Encouraged to Contact The Rosen Law Firm About Your Rights

BlackRock Price Performance

NYSE:BLK opened at $1,039.14 on Friday. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94. The stock has a fifty day moving average of $1,030.01 and a 200 day moving average of $1,041.96. 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 firm has a market capitalization of $161.06 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 1.19 and a beta of 1.43.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter last year, the company posted $12.05 EPS. The business’s quarterly revenue was up 30.6% on a year-over-year basis. On average, research analysts expect that BlackRock will post 55.63 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $5.73 per share. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 2.2%. BlackRock’s dividend payout ratio (DPR) is presently 54.78%.

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.