OLD National Bancorp IN Has $14.09 Million Stock Position in BlackRock $BLK

OLD National Bancorp IN reduced its position in shares of BlackRock (NYSE:BLK) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,647 shares of the asset manager’s stock after selling 969 shares during the quarter. OLD National Bancorp IN’s holdings in BlackRock were worth $14,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. purchased a new position in BlackRock during the 4th quarter valued at about $26,000. Birchbrook Inc. purchased a new position in BlackRock during the fourth quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA purchased a new position in BlackRock during the fourth quarter valued at approximately $32,000. Basepoint Wealth LLC acquired a new position in BlackRock in the 4th quarter valued at approximately $32,000. Finally, Swiss RE Ltd. purchased a new stake in BlackRock in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Down 1.2%

BLK stock opened at $970.99 on Friday. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94. The company has a market cap of $150.73 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 1.28 and a beta of 1.42. The business’s 50-day simple moving average is $1,046.67 and its 200 day simple moving average is $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 (NYSE:BLK) last announced its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) 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 14.74%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.56 billion. During the same quarter in the prior year, the company posted $9.64 EPS. The business’s revenue was up 27.0% on a year-over-year basis. On average, research analysts anticipate that BlackRock will post 52.8 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th were paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, June 5th. BlackRock’s dividend payout ratio is 57.53%.

BlackRock News Roundup

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 BlackRock news, President Robert Kapito sold 8,739 shares of the stock in a transaction on 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 transaction, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were 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 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. Company insiders own 1.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on BLK shares. JPMorgan Chase & Co. reduced their price objective on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. BMO Capital Markets increased their target price on shares of BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. TD Cowen decreased their price target 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. Jefferies Financial Group lowered their price objective on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Barclays raised their price objective on BlackRock from $1,290.00 to $1,310.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. One research 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 stock. According to data from MarketBeat, BlackRock currently has a consensus rating of “Moderate Buy” and an average 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.