Hilton Head Capital Partners LLC Makes New Investment in BlackRock $BLK

Hilton Head Capital Partners LLC bought a new position in shares of BlackRock (NYSE:BLK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 838 shares of the asset manager’s stock, valued at approximately $897,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in shares of BlackRock by 0.8% in the 4th quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock valued at $985,331,000 after acquiring an additional 7,457 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of BlackRock by 6,347.9% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 42,234 shares of the asset manager’s stock valued at $49,239,000 after acquiring an additional 41,579 shares during the last quarter. Sienna Gestion lifted its stake in shares of BlackRock by 51.5% in the 3rd quarter. Sienna Gestion now owns 22,859 shares of the asset manager’s stock valued at $24,299,000 after acquiring an additional 7,773 shares during the last quarter. Sarasin & Partners LLP raised its position in BlackRock by 10.6% during the 4th quarter. Sarasin & Partners LLP now owns 251,856 shares of the asset manager’s stock worth $269,572,000 after purchasing an additional 24,196 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in BlackRock by 8.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 360,995 shares of the asset manager’s stock worth $420,873,000 after purchasing an additional 29,449 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) reported its first daily inflow in 13 days, bringing in $47.66 million and ending a recent streak of outflows. That suggests at least some stabilization in one of BlackRock’s most-watched ETF products. BlackRock Records First Bitcoin ETF Inflow in 13 Days
• Positive Sentiment: BlackRock executives sounded constructive on the macro backdrop, with commentary on a solid U.S. jobs report, AI-driven market trends, and the Fed’s likely patience on rates. Softer rate-hike expectations can support risk assets and asset-manager sentiment. BlackRock’s Rieder Talks Jobs Report, AI and Markets
• Positive Sentiment: BlackRock disclosed that its combined stake in Orion Corporation rose above 5%, highlighting ongoing portfolio activity and continued influence as a major global shareholder. Orion Corporation Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
• Neutral Sentiment: One analyst write-up said BlackRock’s fair value estimate was trimmed only slightly, pointing to mixed Street views rather than a major shift in fundamentals. Why The Narrative Around BlackRock (BLK) Is Shifting After Mixed Analyst Target Resets
• Neutral Sentiment: BlackRock’s portfolio manager Jeffrey Rosenberg said the Fed is not in a hurry to raise rates, reinforcing the view that policy may remain supportive for markets, though the comment itself is not company-specific. Fed Is In No Hurry To Raise Rates, BlackRock’s Rosenberg Says
• Negative Sentiment: BlackRock was also included in a sector-wide selloff tied to redemption concerns around Cliffwater’s Corporate Lending Fund, which raised fresh worries about liquidity in alternative credit products. Alternative Managers Shares Slip as Cliffwater Redemption Fears Mount
• Negative Sentiment: Broader crypto headlines remain a headwind: Bitcoin ETFs saw large outflows over the prior 13 days, and BlackRock’s IBIT was cited as a major contributor to the pressure, which can weigh on sentiment toward BLK’s ETF growth story. Bitcoin ETFs Lose $4.4B as Outflows Hit 13-Day Record Run

Insider Activity

In other news, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction dated 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 directly owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. This trade represents a 12.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the transaction, the president directly owned 210,186 shares of the company’s stock, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.92% of the company’s stock.

BlackRock Stock Performance

BLK stock opened at $996.54 on Monday. The stock has a 50-day moving average price of $1,033.61 and a 200-day moving average price of $1,051.55. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. The firm has a market cap of $154.69 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.30 and a beta of 1.42.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping the consensus estimate of $12.40 by $0.13. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.56 billion. During the same period last year, the company posted $9.64 EPS. The business’s quarterly revenue was up 27.0% on a year-over-year basis. As a group, equities research analysts expect that BlackRock will post 52.8 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th will be given a $5.73 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $22.92 annualized dividend and a dividend yield of 2.3%. BlackRock’s dividend payout ratio (DPR) is 57.53%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BLK. Morgan Stanley raised their target price on BlackRock from $1,368.00 to $1,393.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Weiss Ratings raised BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods raised their target price on BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Barclays raised their target price on BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Finally, BMO Capital Markets raised their target price on BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and an average price target of $1,269.06.

About BlackRock

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.