Louisiana State Employees Retirement System Takes $7.12 Million Position in BlackRock $BLK

Louisiana State Employees Retirement System acquired a new stake in BlackRock (NYSE:BLK) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,400 shares of the asset manager’s stock, valued at approximately $7,117,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new stake in BlackRock during the 4th quarter worth about $26,000. Birchbrook Inc. acquired a new position in shares of BlackRock in the 4th quarter valued at $31,000. LFA Lugano Financial Advisors SA bought a new position in shares of BlackRock in the 4th quarter worth $32,000. Basepoint Wealth LLC acquired a new stake in shares of BlackRock during the fourth quarter worth $32,000. Finally, Swiss RE Ltd. acquired a new position in BlackRock in the fourth quarter valued at about $33,000. 80.69% of the stock is owned by institutional investors and hedge funds.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock highlighted growing retirement-savings needs in its 2026 Read on Retirement report, reinforcing the firm’s long-term role in workplace savings and advisory solutions. Americans Look Beyond Savings to Turn Retirement Confidence Into Reality, BlackRock Survey Finds
• Positive Sentiment: BlackRock said a 1%–2% Bitcoin allocation can be reasonable for traditional portfolios, a message that supports adoption of its crypto-linked products, including iShares Bitcoin Trust (IBIT). BlackRock Recommends 1-2% Bitcoin Allocation as BTC Gains Ground in Institutional Portfolios
• Positive Sentiment: BlackRock also backed Caplight’s $16 million Series A, extending its exposure to private-markets infrastructure and data tools. Caplight Raises $16M Series A led by BlackRock and Fin Capital to power the next era of private markets
• Neutral Sentiment: Trumid announced a multi-year partnership with BlackRock Aladdin to improve corporate bond liquidity, which is constructive for BlackRock’s technology and trading ecosystem but not an immediate earnings driver. Trumid Announces Multi-Year Partnership with BlackRock Aladdin to Further Enhance Access to Corporate Bond Liquidity
• Neutral Sentiment: BlackRock’s transfer of Bitcoin and Ethereum to Coinbase Prime appears to be a routine crypto-related custody or treasury move, with unclear direct impact on earnings. BlackRock Sends $217M in Bitcoin and Ethereum to Coinbase Prime
• Negative Sentiment: Investors remain wary of private-credit liquidity after BlackRock and other managers imposed withdrawal limits on some funds, keeping sentiment around BLK cautious. BlackRock shares fall as private-credit redemption fears appear to weigh on sentiment
• Negative Sentiment: BlackRock’s iShares Bitcoin Trust hit a new yearly low as Bitcoin weakness prompted traders to hedge downside, which may be weighing on sentiment toward the firm’s crypto-related growth narrative. BlackRock’s iconic fund hits new yearly low

Insider Buying and Selling

In other news, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction that occurred 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 sale, the president directly owned 210,186 shares in the company, valued at $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction 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 disclosure for this sale is available in the SEC filing. 1.92% of the stock is currently owned by company insiders.

BlackRock Stock Down 1.2%

Shares of BLK stock opened at $970.99 on Friday. The firm has a fifty day moving average of $1,046.67 and a 200-day moving average of $1,050.25. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company has a market capitalization of $150.73 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.28 and a beta of 1.42.

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

BlackRock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 5th were given a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, June 5th. BlackRock’s dividend payout ratio (DPR) is currently 57.53%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BLK shares. BMO Capital Markets boosted 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. Weiss Ratings upgraded shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. TD Cowen decreased their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods increased their target price on shares of BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Finally, Barclays lifted their price target on shares of BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,267.39.

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.