Alley Investment Management Company LLC Sells 1,316 Shares of BlackRock $BLK

Alley Investment Management Company LLC lessened its stake in BlackRock (NYSE:BLK) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,492 shares of the asset manager’s stock after selling 1,316 shares during the quarter. BlackRock accounts for approximately 2.3% of Alley Investment Management Company LLC’s holdings, making the stock its 13th biggest position. Alley Investment Management Company LLC’s holdings in BlackRock were worth $18,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Severin Investments LLC boosted its holdings in shares of BlackRock by 6.5% during the 1st quarter. Severin Investments LLC now owns 865 shares of the asset manager’s stock valued at $832,000 after acquiring an additional 53 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of BlackRock by 3,848.6% during the 1st quarter. iA Global Asset Management Inc. now owns 13,820 shares of the asset manager’s stock valued at $13,291,000 after buying an additional 13,470 shares during the period. Granite Harbor Advisors Inc. lifted its holdings in shares of BlackRock by 5.8% during the 1st quarter. Granite Harbor Advisors Inc. now owns 293 shares of the asset manager’s stock valued at $282,000 after buying an additional 16 shares during the period. Mayflower Financial Advisors LLC boosted its stake in shares of BlackRock by 0.8% in the 1st quarter. Mayflower Financial Advisors LLC now owns 1,601 shares of the asset manager’s stock worth $1,540,000 after buying an additional 12 shares during the last quarter. Finally, Conscious Wealth Investments LLC grew its holdings in shares of BlackRock by 3.0% in the first quarter. Conscious Wealth Investments LLC now owns 3,696 shares of the asset manager’s stock worth $3,876,000 after acquiring an additional 108 shares during the period. Institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on BLK shares. The Goldman Sachs Group upped their price objective on BlackRock from $1,181.00 to $1,313.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. dropped their target price on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. BNP Paribas Exane boosted their price target on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Weiss Ratings raised shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets increased their price objective on shares of BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and an average price target of $1,269.44.

Insider Transactions at BlackRock

In related news, President Robert Kapito sold 8,739 shares of the 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 completion of the sale, the president directly owned 210,186 shares of the company’s stock, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Laurence Fink sold 33,900 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 230,516 shares in the company, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.92% of the stock is owned by insiders.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is helping launch Open USD, a new stablecoin backed by major firms including Visa, Mastercard, Stripe, BNY Mellon, Coinbase and BlackRock. Investors may see this as a strategic move to deepen BlackRock’s presence in crypto infrastructure and tokenized finance. Article: Stripe, Visa, BlackRock Back New Open USD Stablecoin In Bid To Challenge Tether, Circle
• Positive Sentiment: BlackRock’s Aladdin platform is being integrated more deeply with Ethena’s tokenized dollar products, reinforcing BlackRock’s push into blockchain-based institutional finance and broadening the ecosystem around its platforms. Article: BlackRock’s Aladdin Platform Expands Integration with Ethena’s Tokenized Dollar Suite
• Positive Sentiment: BlackRock registered shares related to its HPS deal consideration, a procedural step that suggests progress on a strategic acquisition/investment initiative rather than a setback. Article: BlackRock Registers Shares for HPS Deal Consideration
• Neutral Sentiment: BlackRock’s investment outlook turned cautious on emerging-market equities while upgrading euro bonds, reflecting a portfolio positioning shift that may not directly affect earnings but could influence sentiment around its market views and product flows. Article: BlackRock turns cautious on emerging markets, upgrades euro bonds
• Neutral Sentiment: Several reports showed outflows and rebalancing in BlackRock’s Bitcoin ETF IBIT, which may weigh on crypto-related sentiment, but the flow data appears tied to broader ETF rotation rather than a BlackRock-specific problem. Article: BlackRock’s IBIT Sees $300M Outflow As Bitcoin ETF Rebalancing Deepens
• Negative Sentiment: Broader Bitcoin ETF weakness and a reported worst month for U.S. spot Bitcoin funds could pressure sentiment around BlackRock’s crypto ETF business if outflows continue, even though this is more about the category than BLK itself. Article: Bitcoin ETFs Set for Worst Month With $4 Billion in Outflows

BlackRock Trading Up 1.0%

NYSE:BLK opened at $959.52 on Wednesday. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The business has a fifty day moving average price of $1,041.70 and a 200-day moving average price of $1,047.86. The firm has a market capitalization of $148.95 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09.

BlackRock (NYSE:BLK) last released its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, beating 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 company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.56 billion. During the same period in the previous year, the business earned $9.64 earnings per share. BlackRock’s quarterly revenue was up 27.0% compared to the same quarter last year. Sell-side analysts forecast that BlackRock will post 53.18 EPS for the current year.

BlackRock Announces Dividend

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

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.