Calamos Advisors LLC Sells 700 Shares of BlackRock $BLK

Calamos Advisors LLC decreased its stake in BlackRock (NYSE:BLK) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,993 shares of the asset manager’s stock after selling 700 shares during the period. Calamos Advisors LLC’s holdings in BlackRock were worth $32,103,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. TruNorth Capital Management LLC grew its holdings in shares of BlackRock by 1,000.0% in the 3rd quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 20 shares in the last quarter. Hopwood Financial Services Inc. grew its holdings in shares of BlackRock by 866.7% in the 3rd quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 26 shares in the last quarter. Collier Financial bought a new position in shares of BlackRock in the 3rd quarter valued at about $36,000. Goodman Advisory Group LLC bought a new position in shares of BlackRock in the 3rd quarter valued at about $37,000. Finally, Dogwood Wealth Management LLC grew its holdings in shares of BlackRock by 94.1% in the 3rd quarter. Dogwood Wealth Management LLC now owns 33 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Spot bitcoin ETF inflows have accelerated this month, with BlackRock’s IBIT among the leaders — stronger ETF flows boost AUM and recurring fee revenue for BlackRock’s iShares platform. Bitcoin ETFs Just Turned Positive Across Every Timeframe
• Positive Sentiment: Multiple reports show recent sizeable purchases of BTC tied to BlackRock/its products (e.g., IBIT buying activity), which can lift AUM and future management fees if inflows persist. BlackRock buys $900M in Bitcoin
• Neutral Sentiment: BlackRock’s recent April earnings beat and strong quarterly revenue/AUM growth remain a positive backdrop for the stock but may already be priced in after the post‑earnings move. BLK Earnings Summary
• Neutral Sentiment: Media pieces highlighting popular BlackRock ETFs and income/dividend ETF ideas may drive retail interest but are unlikely to change fundamentals near-term. TipRanks: BlackRock ETFs
• Negative Sentiment: Reports that BlackRock’s bitcoin exposure corresponds with a multibillion-dollar unrealized loss (and press coverage of a large BTC purchase amid that loss) raise concerns about mark‑to‑market volatility and potential near‑term earnings noise. BlackRock buys 30,000 BTC amid $6.3B unrealized loss
• Negative Sentiment: Wider market pressures — bond-market weakness and geopolitical jitters (US‑Iran tensions) — are causing risk‑off flows that typically weigh on asset‑manager multiples and can reduce new inflows. Global Bonds Set for Worst Week

BlackRock Trading Down 0.8%

BlackRock stock opened at $1,045.12 on Friday. The stock has a 50-day simple moving average of $1,010.07 and a 200 day simple moving average of $1,063.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a market capitalization of $162.56 billion, a P/E ratio of 26.23, a PEG ratio of 1.37 and a beta of 1.48. BlackRock has a 52 week low of $893.93 and a 52 week high of $1,219.94.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 24.40% and a return on equity of 14.96%. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period last year, the business posted $9.64 earnings per share. Analysts expect that BlackRock will post 52.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BLK shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of BlackRock in a report on Friday, March 27th. Freedom Capital upgraded BlackRock from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Barclays lifted their price target on BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Evercore reiterated an “outperform” rating and set a $1,220.00 price target on shares of BlackRock in a report on Wednesday, April 15th. Finally, Jefferies Financial Group reduced their price target on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,269.06.

Insiders Place Their Bets

In other BlackRock news, COO Robert L. Goldstein sold 5,293 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,084.22, for a total transaction of $5,738,776.46. Following the completion of the sale, the chief operating officer directly owned 46,185 shares in the company, valued at $50,074,700.70. This trade represents a 10.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen Cohen sold 225 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $1,069.56, for a total transaction of $240,651.00. Following the sale, the director owned 5,661 shares of the company’s stock, valued at $6,054,779.16. This trade represents a 3.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,272 shares of company stock worth $69,823,426 over the last three months. Insiders own 1.92% of the company’s stock.

BlackRock 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.