Integrated Advisors Network LLC Has $3.83 Million Stock Holdings in BlackRock $BLK

Integrated Advisors Network LLC trimmed its stake in shares of BlackRock (NYSE:BLK) by 15.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,978 shares of the asset manager’s stock after selling 750 shares during the period. Integrated Advisors Network LLC’s holdings in BlackRock were worth $3,826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sage Rhino Capital LLC lifted its position in shares of BlackRock by 2.7% in the 1st quarter. Sage Rhino Capital LLC now owns 1,266 shares of the asset manager’s stock valued at $1,218,000 after acquiring an additional 33 shares in the last quarter. Baxter Bros Inc. lifted its holdings in shares of BlackRock by 8.4% in the first quarter. Baxter Bros Inc. now owns 3,294 shares of the asset manager’s stock valued at $3,168,000 after purchasing an additional 256 shares in the last quarter. PUREfi Wealth LLC grew its holdings in shares of BlackRock by 23.9% during the first quarter. PUREfi Wealth LLC now owns 555 shares of the asset manager’s stock valued at $534,000 after buying an additional 107 shares in the last quarter. Kathmere Capital Management LLC raised its position in BlackRock by 77.6% during the first quarter. Kathmere Capital Management LLC now owns 1,565 shares of the asset manager’s stock valued at $1,505,000 after buying an additional 684 shares during the period. Finally, Bogart Wealth LLC lifted its stake in BlackRock by 23.1% in the 1st quarter. Bogart Wealth LLC now owns 8,718 shares of the asset manager’s stock worth $8,384,000 after acquiring an additional 1,635 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. 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 report on Monday, April 13th. Evercore dropped their price objective on shares of BlackRock from $1,220.00 to $1,140.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. UBS Group lifted their target price on shares of BlackRock from $1,235.00 to $1,270.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. BNP Paribas Exane boosted their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley upped their price target on shares of BlackRock from $1,393.00 to $1,430.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $1,269.44.

Insider Buying and Selling

In related news, President Robert Kapito sold 8,739 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. The trade was a 3.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laurence Fink sold 33,900 shares of the company’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 value of $35,613,645.00. Following the sale, the chief executive officer directly owned 230,516 shares of the company’s stock, valued at $242,168,583.80. The trade was a 12.82% decrease in their position. The SEC filing for this sale provides additional information. 1.92% of the stock is currently owned by company insiders.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock announced plans to launch the iShares Nasdaq 100 ETF (IQQ), a cheaper way for investors to access the Nasdaq-100 and the AI-driven tech rally, potentially boosting ETF inflows and fee revenue. BlackRock Expands Investor Access to Innovative Companies with iShares Nasdaq 100 ETF
• Positive Sentiment: BlackRock’s Bitcoin ETF, IBIT, reportedly saw a fresh inflow after weeks of weak flows, a sign that demand for its crypto products may be stabilizing. BlackRock Bitcoin ETF (IBIT) Records First Inflow After Weeks
• Positive Sentiment: BlackRock’s investment team said private credit is likely to play a bigger role in financing AI infrastructure, reinforcing the firm’s relevance in one of the market’s strongest long-term themes. BlackRock Sees Private Credit Taking Bigger Role in AI Buildout
• Neutral Sentiment: Several articles highlighted BlackRock’s broader ETF and asset-management strategy, including the new Nasdaq-100 fund and dividend ETF offerings, but these were mostly informational rather than immediate stock-moving events. BlackRock to launch Nasdaq-100 ETF, challenging Invesco’s dominance as AI rally boosts demand
• Neutral Sentiment: BlackRock was also mentioned in connection with an Asia-Pacific multi-asset fund launch with Standard Chartered, which adds to its product lineup but is less likely to move the stock on its own. BlackRock Expands Investor Access to Innovative Companies with iShares Nasdaq 100 ETF
• Negative Sentiment: Competition in low-cost index funds remains intense, and BlackRock’s new ETF faces pressure from established rivals like Invesco and State Street, which could limit margin benefits from the launch. BlackRock to launch Nasdaq-100 ETF, challenging Invesco’s dominance as AI rally boosts demand

BlackRock Price Performance

NYSE BLK opened at $1,008.13 on Wednesday. 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 stock has a market capitalization of $156.49 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.30 and a beta of 1.43. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company has a 50 day moving average price of $1,036.42 and a two-hundred day moving average price of $1,044.90.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.40 by $0.13. The business 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%. BlackRock’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.64 EPS. As a group, equities analysts predict that BlackRock will post 53.34 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th were issued a dividend of $5.73 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.3%. BlackRock’s dividend payout ratio is currently 57.53%.

BlackRock Company 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.