BlackRock (NYSE:BLK - Get Free Report) 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
BlackRock Trading Down 1.0%
BLK stock opened at $1,038.75 on Thursday. BlackRock has a 1-year low of $893.93 and a 1-year high of $1,219.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.98 and a quick ratio of 2.98. The company has a market capitalization of $161.57 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.38 and a beta of 1.48. The business has a 50 day simple moving average of $1,008.20 and a two-hundred day simple moving average of $1,060.94.
BlackRock (NYSE:BLK - Get Free Report) last posted its earnings results on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, beating analysts' consensus estimates of $12.40 by $0.13. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $9.64 EPS. Research analysts anticipate that BlackRock will post 52.77 EPS for the current fiscal year.
Key BlackRock News
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock’s tokenized money-market fund BUIDL can be used as institutional collateral on crypto exchange OKX via Standard Chartered custody — a concrete step toward making tokenized cash-like assets usable in trading and potentially increasing BUIDL distribution and institutional flows. Standard Chartered/BlackRock/OKX launch collateral framework
- Positive Sentiment: BlackRock’s Bitcoin ETF (IBIT) is being used in large accounts (e.g., Colombia’s Porvenir pension product), showing continued institutional adoption that supports ETF AUM growth and fee revenue. Porvenir uses IBIT for pension product
- Positive Sentiment: Broad media coverage of the OKX/BUIDL deal (Yahoo/Reuters/Cointelegraph/Benzinga) magnifies visibility of BlackRock’s tokenization efforts — a potential longer-term revenue/profitability tailwind as tokenized products gain traction. Yahoo crypto coverage
- Neutral Sentiment: BlackRock raised a disclosed stake in OMV AG above the 4% voting threshold — notable portfolio activity but unlikely to move BLK’s stock materially by itself. OMV stake disclosure
- Neutral Sentiment: Coverage on AI and data (BlackRock & Vanguard piece) highlights technology advantages (Aladdin/data cleaning) that support long-term competitive positioning but are not an immediate earnings catalyst. AI & clean data article
- Negative Sentiment: Insider selling: CEO Laurence Fink sold 33,900 shares (~$35.6M at ~$1,050.55) on Apr 28, reducing his direct stake — a large disclosed sale that can create short-term investor concern about insider conviction. Fink Form 4
- Negative Sentiment: Insider selling: President Robert Kapito sold 8,739 shares (~$9.2M at ~$1,056.60) on Apr 27 — another sizable executive sale that may pressure sentiment near term. Kapito Form 4
Institutional Trading of BlackRock
A number of hedge funds and other institutional investors have recently bought and sold shares of BLK. Corient Private Wealth LLC increased its stake in BlackRock by 5,190.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock worth $5,876,618,000 after purchasing an additional 5,386,640 shares during the period. Norges Bank purchased a new stake in BlackRock in the fourth quarter worth $2,742,680,000. Oak Harvest Investment Services increased its stake in 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 purchasing an additional 1,582,159 shares during the period. Auto Owners Insurance Co increased its stake in 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 purchasing an additional 1,283,208 shares during the period. Finally, Wellington Management Group LLP increased its stake in BlackRock by 200.5% in the fourth quarter. Wellington Management Group LLP now owns 1,451,122 shares of the asset manager's stock worth $1,553,194,000 after purchasing an additional 968,245 shares during the period. Hedge funds and other institutional investors own 80.69% of the company's stock.
Wall Street Analyst Weigh In
BLK has been the subject of a number of research reports. CICC Research increased their target price on BlackRock from $1,000.00 to $1,250.00 in a research report on Tuesday, February 3rd. Wall Street Zen upgraded BlackRock from a "sell" rating to a "hold" rating in a research report on Saturday, January 17th. Barclays increased their target price 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. Freedom Capital upgraded BlackRock from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 23rd. Finally, Jefferies Financial Group lowered their target price on BlackRock from $1,351.00 to $1,199.00 and set a "buy" rating for the company in a research report on Wednesday, April 8th. One investment 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,269.06.
Read Our Latest Research 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.
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