Raiffeisen Bank International AG lowered its stake in BlackRock (NYSE:BLK – Free Report) by 36.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,580 shares of the asset manager’s stock after selling 3,242 shares during the quarter. Raiffeisen Bank International AG’s holdings in BlackRock were worth $6,045,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock valued at $1,615,000 after acquiring an additional 296 shares during the last quarter. Bison Wealth LLC raised its holdings in BlackRock by 1.6% in the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after acquiring an additional 17 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in BlackRock in the 2nd quarter valued at $259,000. Nebula Research & Development LLC acquired a new position in BlackRock in the 2nd quarter valued at $548,000. Finally, Osterweis Capital Management Inc. acquired a new position in BlackRock in the 2nd quarter valued at $98,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.
Insider Buying and Selling at BlackRock
In related news, CEO Laurence Fink sold 33,900 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 230,516 shares in the company, valued at approximately $242,168,583.80. This represents a 12.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Robert Kapito sold 8,739 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the sale, the president owned 210,186 shares of the company’s stock, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.92% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
BlackRock Trading Up 0.7%
BLK stock opened at $1,017.36 on Friday. The company has a market cap of $157.93 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.32 and a beta of 1.42. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $1,038.39 and a 200-day simple moving average of $1,051.51. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94.
BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, topping analysts’ consensus estimates of $12.40 by $0.13. The business 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 14.74% and a net margin of 24.40%.The business’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the prior year, the firm posted $9.64 EPS. On average, equities research analysts expect that BlackRock will post 52.8 EPS for the current year.
BlackRock Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Friday, June 5th will be issued a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, June 5th. BlackRock’s dividend payout ratio is currently 57.53%.
More BlackRock News
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock is preparing to launch a Bitcoin income ETF, BITA, which would use covered calls on IBIT to generate yield and strengthen the firm’s position in crypto investing. BlackRock’s BITA: New Bitcoin ETF Promises Income Generation Through Options Strategy
- Positive Sentiment: BlackRock’s push into space-themed ETFs and tokenized/digital assets suggests the firm is broadening its product lineup in areas with strong investor demand. How Investors Are Reacting To BlackRock (BLK) Expanding Into Space ETFs And Digital Assets
- Positive Sentiment: BlackRock and Fidelity continue to dominate U.S. spot Bitcoin ETF inflows, reinforcing BlackRock’s leadership in the category and supporting fee revenue growth. Bitcoin ETF Market Dominated by BlackRock (BLK) and Fidelity with 90%+ Share
- Neutral Sentiment: BlackRock is reportedly targeting a $5 billion order for SpaceX’s IPO, highlighting its access to major deals but not directly changing near-term fundamentals. BlackRock seeks to buy at least $5 billion in SpaceX IPO shares, WSJ reports
- Neutral Sentiment: BlackRock’s caution on India bond inflows reflects macro risks such as oil prices and currency hedging costs, but this is more of a portfolio note than a direct earnings driver. BlackRock says oil, FX risks loom over India’s bond inflow push
- Negative Sentiment: On-chain reports said BlackRock-linked wallets moved large amounts of Bitcoin and Ethereum to exchanges, which traders may view as a bearish sign for crypto prices and related sentiment. BlackRock Moves $159M in Bitcoin and Ethereum to Coinbase Prime and Binance as ETF Outflows Continue
- Negative Sentiment: BlackRock’s crypto portfolio reportedly fell by more than $12 billion in early June, which could weigh on sentiment around its digital-asset exposure. BlackRock crypto portfolio falls by over $12 billion in early June
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.
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