BKM Wealth Management LLC Has $4.45 Million Stock Holdings in BlackRock $BLK

BKM Wealth Management LLC lifted its holdings in shares of BlackRock (NYSE:BLK) by 19.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,155 shares of the asset manager’s stock after buying an additional 686 shares during the period. BlackRock comprises 1.6% of BKM Wealth Management LLC’s holdings, making the stock its 15th largest position. BKM Wealth Management LLC’s holdings in BlackRock were worth $4,447,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of BlackRock by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager’s stock valued at $15,051,846,000 after buying an additional 221,123 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich boosted its holdings in shares of BlackRock by 7,124.5% in the 4th quarter. Munich Reinsurance Co Stock Corp in Munich now owns 11,487 shares of the asset manager’s stock valued at $12,444,000 after buying an additional 11,328 shares during the last quarter. Mattern Capital Management LLC boosted its holdings in shares of BlackRock by 3.0% in the 4th quarter. Mattern Capital Management LLC now owns 10,408 shares of the asset manager’s stock valued at $11,140,000 after buying an additional 305 shares during the last quarter. Riverbend Wealth Management LLC boosted its holdings in shares of BlackRock by 3.9% in the 4th quarter. Riverbend Wealth Management LLC now owns 638 shares of the asset manager’s stock valued at $683,000 after buying an additional 24 shares during the last quarter. Finally, Dunhill Financial LLC boosted its holdings in shares of BlackRock by 355.2% in the 4th quarter. Dunhill Financial LLC now owns 924 shares of the asset manager’s stock valued at $989,000 after buying an additional 721 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BLK. Keefe, Bruyette & Woods raised their target price on shares of BlackRock from $1,150.00 to $1,240.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Morgan Stanley raised their target price on shares of BlackRock from $1,368.00 to $1,393.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. CICC Research raised their target price on shares of BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. The Goldman Sachs Group raised their target price on shares of BlackRock from $1,181.00 to $1,313.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, BMO Capital Markets raised their target price on shares of BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,269.06.

BlackRock News Roundup

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

Insider Activity

In related news, Director J. Richard Kushel sold 385 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,084.91, for a total value of $417,690.35. Following the completion of the transaction, the director owned 3,335 shares of the company’s stock, valued at $3,618,174.85. The trade was a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen Cohen sold 225 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,069.56, for a total value of $240,651.00. Following the completion of the transaction, the director directly owned 5,661 shares of the company’s stock, valued at approximately $6,054,779.16. This trade represents a 3.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 64,272 shares of company stock worth $69,823,426. Corporate insiders own 1.92% of the company’s stock.

BlackRock Stock Down 0.8%

NYSE BLK opened at $1,045.12 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. BlackRock has a 1-year low of $893.93 and a 1-year high of $1,219.94. The company has a 50 day moving average of $1,010.07 and a 200-day moving average of $1,063.15. The company has a market cap of $162.56 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.37 and a beta of 1.48.

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

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.