Oppenheimer Asset Management Inc. Decreases Stock Position in BlackRock $BLK

Oppenheimer Asset Management Inc. cut its stake in BlackRock (NYSE:BLK) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 15,536 shares of the asset manager’s stock after selling 542 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in BlackRock were worth $16,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BLK. Vanguard Group Inc. lifted its holdings in BlackRock by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager’s stock worth $15,051,846,000 after buying an additional 221,123 shares during the last quarter. Capital International Investors lifted its holdings in BlackRock by 0.6% during the 3rd quarter. Capital International Investors now owns 1,841,088 shares of the asset manager’s stock worth $2,146,663,000 after buying an additional 10,591 shares during the last quarter. Oak Harvest Investment Services lifted its holdings in shares of BlackRock by 12,176.1% in the 4th quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager’s stock valued at $1,707,356,000 after purchasing an additional 1,582,159 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of BlackRock by 13.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,213,561 shares of the asset manager’s stock valued at $1,414,854,000 after purchasing an additional 143,126 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of BlackRock by 4.5% in the 3rd quarter. Legal & General Group Plc now owns 913,121 shares of the asset manager’s stock valued at $1,064,580,000 after purchasing an additional 39,412 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BlackRock

In related news, CEO Laurence Fink sold 33,900 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the sale, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. This represents a 12.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Robert Kapito sold 8,739 shares of the stock in a transaction on 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 transaction, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 106,911 shares of company stock worth $114,670,698 in the last quarter. Insiders own 1.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BLK shares. Weiss Ratings cut BlackRock from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Evercore restated an “outperform” rating and issued a $1,220.00 price target on shares of BlackRock in a research report on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price target on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Barclays boosted their price target on BlackRock from $1,290.00 to $1,310.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, UBS Group boosted their price target on 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 research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,269.06.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Options demand tied to BlackRock’s IBIT is rising — reported Nasdaq open-interest for IBIT options recently surpassed offshore Deribit volumes, signalling stronger institutional derivatives activity and deeper market adoption of BlackRock’s Bitcoin ETF. IBIT options open interest tops Deribit
• Positive Sentiment: BlackRock’s data/AI positioning gets favorable coverage — pieces highlighting Aladdin and the “clean data” edge versus peers reinforce BlackRock’s competitive moat in advisory, risk and scalable advisory tools, a longer-term revenue positive. AI & clean data article
• Neutral Sentiment: BlackRock exec commentary on SaaS disruption — COO Rob Goldstein warned that “convenience-layer” SaaS firms face structural risk from generative AI; this is strategic color on tech exposure but not an immediate BLK earnings catalyst. Goldstein on SaaS and AI
• Neutral Sentiment: Regulatory/portfolio notices: BlackRock disclosed changes in stakes (OMV stake above 4% disclosure; Fagron holding moved below a 3% threshold) — notable for governance/portfolio activity but unlikely to move BLK materially by themselves. OMV stake disclosure Fagron transparency notification
• Negative Sentiment: Bitcoin ETF outflows: US spot Bitcoin ETFs saw several days of withdrawals after the Fed decision; BlackRock’s IBIT recorded roughly $167M of outflows in that multi-day pullback — a near-term drag on crypto-AUM and fee momentum. Bitcoin ETF outflows report
• Negative Sentiment: Large insider sales: CEO Laurence Fink disclosed a sale of 33,900 shares (~$35.6M) and President Robert Kapito sold 8,739 shares — sizeable, public insider disposals that often create short-term sentiment pressure despite routine explanations (liquidity, diversification). Fink insider sale Kapito insider sale

BlackRock Stock Performance

NYSE BLK opened at $1,066.59 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $1,007.89 and its two-hundred day moving average is $1,060.98. BlackRock has a 12-month low of $905.91 and a 12-month high of $1,219.94. The stock has a market capitalization of $165.90 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.36 and a beta of 1.48.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, topping the consensus estimate of $12.40 by $0.13. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.56 billion. BlackRock had a return on equity of 14.96% and a net margin of 24.40%.The company’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.64 EPS. Research analysts expect that BlackRock will post 52.77 EPS for the current year.

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.