BlackRock (NYSE:BLK - Get Free Report) President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the completion of the sale, the president owned 210,186 shares in the company, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
BlackRock Stock Down 0.7%
Shares of NYSE BLK opened at $1,049.73 on Wednesday. The company's 50-day simple moving average is $1,009.29 and its 200-day simple moving average is $1,061.10. BlackRock has a 52-week low of $893.93 and a 52-week high of $1,219.94. The firm has a market cap of $163.27 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.48. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37.
BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $6.56 billion. During the same quarter last year, the business earned $9.64 earnings per share. The company's revenue for the quarter was up 27.0% compared to the same quarter last year. Equities analysts predict that BlackRock will post 52.77 EPS for the current fiscal year.
Key Stories Impacting BlackRock
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock's tokenised money-market fund (BUIDL) can now be used as institutional collateral on crypto exchange OKX via Standard Chartered custody — a concrete step toward making tokenised cash-like assets usable in trading, expanding distribution and product utility. Article Title
- Positive Sentiment: Multiple outlets report the OKX partnership and tokenised-collateral framework — this could boost BUIDL flows, crypto-facing product relevance, and fee opportunities for BlackRock's institutional business. Article Title
- Positive Sentiment: BlackRock’s Bitcoin ETF (IBIT) is being used by large accounts (e.g., Colombia’s Porvenir pension product), and recent reported ETF inflows / rising options open interest show continued demand for BlackRock’s crypto products — tailwinds for fee revenue and ETF AUM. Article Title
- Positive Sentiment: Strategic deal activity: Grupo Mexico to merge a power unit with a BlackRock-backed Saavi vehicle — an example of BlackRock’s private markets and infrastructure reach that can drive management fees and carry. Article Title
- Neutral Sentiment: Analyst and press pieces compare BlackRock to peers (Blackstone, Invesco, Schwab) as asset managers push into private markets — highlights both growth opportunities and competitive/valuation risks; useful context but not an immediate catalyst. Article Title
- Neutral Sentiment: Several investor pieces highlight BlackRock as a dividend and ETF leader — positive for long-term sentiment but unlikely to move near-term price materially. Article Title
- Negative Sentiment: Insider selling: President Robert Kapito sold 8,739 shares (~4% reduction of his position) on Apr 27 — a large-dollar disclosed sale that can create short-term investor concern about insider conviction. Article Title
Hedge Funds Weigh In On BlackRock
A number of institutional investors have recently bought and sold shares of BLK. Brighton Jones LLC raised its stake in BlackRock by 23.1% during the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager's stock worth $1,615,000 after purchasing an additional 296 shares during the period. Bison Wealth LLC raised its stake in BlackRock by 1.6% during the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager's stock worth $1,078,000 after purchasing an additional 17 shares during the period. Schnieders Capital Management LLC. purchased a new position in BlackRock during the second quarter worth about $259,000. Nebula Research & Development LLC purchased a new position in BlackRock during the second quarter worth about $548,000. Finally, Osterweis Capital Management Inc. purchased a new position in BlackRock during the second quarter worth about $98,000. 80.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently issued reports on BLK shares. Jefferies Financial Group dropped their target price on shares of BlackRock from $1,351.00 to $1,199.00 and set a "buy" rating on the stock in a research report on Wednesday, April 8th. BMO Capital Markets raised their price target on shares of BlackRock from $1,200.00 to $1,250.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. UBS Group raised their price target on shares of BlackRock from $1,235.00 to $1,270.00 and gave the stock a "buy" rating in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods raised their price target on shares of BlackRock from $1,150.00 to $1,240.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 15th. Finally, Morgan Stanley raised their price target on shares of BlackRock from $1,368.00 to $1,393.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,269.06.
Check Out Our Latest Stock Report on BlackRock
BlackRock Company Profile
(
Get Free Report)
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.
Further Reading
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