12,965 Shares in BlackRock $BLK Bought by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab acquired a new stake in BlackRock (NYSE:BLK) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,965 shares of the asset manager’s stock, valued at approximately $12,469,000.

Several other large investors also recently modified their holdings of the business. Bellwether Advisors LLC lifted its stake in shares of BlackRock by 7.6% in the first quarter. Bellwether Advisors LLC now owns 242 shares of the asset manager’s stock worth $233,000 after acquiring an additional 17 shares in the last quarter. ABN Amro Investment Solutions boosted its holdings in BlackRock by 489.4% in the first quarter. ABN Amro Investment Solutions now owns 53,026 shares of the asset manager’s stock valued at $50,996,000 after purchasing an additional 44,030 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in BlackRock by 2.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 363,633 shares of the asset manager’s stock valued at $349,710,000 after purchasing an additional 8,013 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in BlackRock during the 1st quarter valued at approximately $526,000. Finally, Baader Bank Aktiengesellschaft increased its holdings in BlackRock by 26.1% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,160 shares of the asset manager’s stock worth $1,070,000 after purchasing an additional 240 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock-led infrastructure vehicles completed the acquisition of Aligned Data Centers and are committing an additional $5 billion in growth capital, reinforcing BLK’s exposure to the AI buildout and alternative-asset fee opportunities. AIP, MGX and BlackRock’s GIP Close Acquisition of Aligned Data Centers
• Positive Sentiment: BlackRock Canada announced monthly July cash distributions across a wide slate of iShares ETFs, underscoring the strength and recurring income appeal of its ETF franchise. BlackRock Canada Announces July Cash Distributions for the iShares ETFs
• Positive Sentiment: Investor interest in BlackRock’s Ethereum products remains strong, with reports of fresh inflows into ETHA and a new, similar ether fund that adds another monetizable product in digital assets. Forget ETHA. iShares’ Other Ether Fund Is Nearly Identical, Except It Pays You
• Neutral Sentiment: CEO Larry Fink’s comments that AI growth is constrained by electricity, plus New York’s data-center moratorium, keep attention on power bottlenecks for the AI infrastructure theme BlackRock is investing behind. Larry Fink Says AI Needs More Electricity. Google Is Trying To Need Less Of It.
• Neutral Sentiment: BlackRock’s ETF and asset-management announcements, including distribution updates and product coverage, are broadly supportive but not likely to move the stock on their own. BlackRock® Canada Announces July Cash Distributions for the iShares® ETFs
• Negative Sentiment: Some recent headlines note BlackRock reducing a few holdings and broader financial-sector weakness, which may add mild pressure, but these appear less important than the positive infrastructure and ETF news. Major Shareholder Announcement

Analysts Set New Price Targets

Several equities analysts have recently commented on BLK shares. Barclays increased their target price on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Jefferies Financial Group dropped their price target on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. JPMorgan Chase & Co. raised shares of BlackRock from a “neutral” rating to an “overweight” rating and upped their price target for the company from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Evercore reiterated an “outperform” rating and set a $1,145.00 price objective on shares of BlackRock in a research note on Friday, July 10th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,304.29.

Insider Buying and Selling at BlackRock

In related news, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction dated Tuesday, April 28th. The shares were 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 directly owned 230,516 shares in the company, valued at $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Robert Kapito sold 8,739 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the completion of the transaction, the president owned 210,186 shares of the company’s stock, valued at $222,082,527.60. This represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.92% of the stock is owned by insiders.

BlackRock Stock Down 1.6%

BLK stock opened at $1,037.31 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 firm’s 50-day simple moving average is $1,032.09 and its 200 day simple moving average is $1,042.37. The stock has a market cap of $160.77 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping the consensus estimate of $12.69 by $1.22. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. BlackRock’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $12.05 EPS. As a group, sell-side analysts predict that BlackRock will post 55.63 EPS for the current year.

BlackRock Dividend Announcement

The firm 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 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, June 5th. BlackRock’s dividend payout ratio (DPR) is currently 54.78%.

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.