BSN CAPITAL PARTNERS Ltd Buys Shares of 20,000 BlackRock $BLK

BSN CAPITAL PARTNERS Ltd bought a new stake in BlackRock (NYSE:BLK) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,000 shares of the asset manager’s stock, valued at approximately $21,443,000. BlackRock makes up about 1.0% of BSN CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 17th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new stake in BlackRock during the 4th quarter worth $26,000. Birchbrook Inc. bought a new position in BlackRock during the 4th quarter worth approximately $31,000. LFA Lugano Financial Advisors SA bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $32,000. Basepoint Wealth LLC bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $32,000. Finally, Swiss RE Ltd. acquired a new stake in shares of BlackRock during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s spot Bitcoin ETF continues to act as a gateway for new investors into traditional finance, with Jay Jacobs saying roughly three-quarters of IBIT holders had never owned an ETF before. That supports the case for continued asset-gathering strength in BlackRock’s ETF franchise. Article Title
• Positive Sentiment: BlackRock filed for an iShares Bitcoin Premium Income ETF, a covered-call product aimed at income seekers. The move suggests BlackRock is broadening its crypto ETF lineup and could attract more fee-generating inflows. Article Title
• Positive Sentiment: BlackRock Canada announced June cash distributions for multiple iShares ETFs, reinforcing the company’s large and steady ETF distribution machine, which can be viewed as a sign of recurring product demand. Article Title
• Neutral Sentiment: BlackRock was also highlighted as one of the largest Bitcoin holders, with Arkham data placing it ahead of Binance in BTC count. This reflects the scale of its crypto exposure, but it is more descriptive than fundamentally material on its own. Article Title
• Neutral Sentiment: Coverage comparing BlackRock with Blackstone and news about BlackRock entering the active high-yield ETF arena are broadly supportive of its product expansion, but neither article points to an immediate catalyst for the stock. Article Title
• Negative Sentiment: One headline noted BlackRock “dumps 1,000 Bitcoin” as BTC struggled to hold the $60,000 level. If sustained, weaker crypto prices could dampen sentiment around BlackRock’s Bitcoin-linked products, though the impact on BLK itself is likely limited. Article Title

Insider Transactions at BlackRock

In related news, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction dated 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 owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Robert Kapito sold 8,739 shares of the firm’s 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 sale, the president owned 210,186 shares of the company’s stock, valued at $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. BMO Capital Markets upped their price target on BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Barclays upped their target price on BlackRock from $1,290.00 to $1,310.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. lowered their target price on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Finally, Jefferies Financial Group dropped their price objective on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and a consensus target price of $1,264.61.

BlackRock Price Performance

Shares of BlackRock stock opened at $1,051.51 on Friday. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The stock has a market capitalization of $163.23 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.37 and a beta of 1.42. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $1,047.92 and its two-hundred day moving average price is $1,051.90.

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

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th will be paid a $5.73 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $22.92 dividend on an annualized basis and a yield of 2.2%. BlackRock’s payout ratio is presently 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.