BlackRock $BLK Shares Acquired by Advisors Capital Management LLC

Advisors Capital Management LLC lifted its holdings in shares of BlackRock (NYSE:BLK) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,129 shares of the asset manager’s stock after buying an additional 719 shares during the quarter. Advisors Capital Management LLC’s holdings in BlackRock were worth $37,601,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of 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 period. Capital International Investors raised its stake in shares of 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 period. Oak Harvest Investment Services raised its stake in shares of BlackRock by 12,176.1% during the 4th quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager’s stock worth $1,707,356,000 after buying an additional 1,582,159 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of BlackRock by 13.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,213,561 shares of the asset manager’s stock worth $1,414,854,000 after buying an additional 143,126 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of BlackRock by 4.5% during the 3rd quarter. Legal & General Group Plc now owns 913,121 shares of the asset manager’s stock worth $1,064,580,000 after buying an additional 39,412 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BLK shares. BNP Paribas Exane increased their price objective on BlackRock from $1,290.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. TD Cowen reduced their price objective on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Wall Street Zen raised BlackRock from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of BlackRock in a research note on Friday, March 27th. Finally, The Goldman Sachs Group increased their price objective on BlackRock from $1,181.00 to $1,313.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and an average price target of $1,269.06.

BlackRock Stock Down 0.8%

Shares of NYSE:BLK opened at $1,045.12 on Friday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $1,010.07 and a two-hundred day moving average of $1,063.15. The stock has a market cap 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 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. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.56 billion. BlackRock had a return on equity of 14.96% and a net margin of 24.40%.The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the business earned $9.64 EPS. On average, research analysts expect that BlackRock will post 52.77 earnings per share for the current year.

Insider Buying and Selling at BlackRock

In other BlackRock news, COO Robert L. Goldstein sold 5,293 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,084.22, for a total value 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 represents a 10.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen Cohen sold 225 shares of the company’s stock in a transaction on 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 sale, the director owned 5,661 shares of the company’s stock, valued at approximately $6,054,779.16. The trade was a 3.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 64,272 shares of company stock worth $69,823,426 in the last three months. 1.92% of the stock is owned by corporate insiders.

Key Headlines Impacting BlackRock

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 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.