Braun Stacey Associates Inc. Sells 7,423 Shares of BlackRock $BLK

Braun Stacey Associates Inc. reduced its position in BlackRock (NYSE:BLK) by 33.2% in the first quarter, Holdings Channel.com reports. The firm owned 14,925 shares of the asset manager’s stock after selling 7,423 shares during the quarter. Braun Stacey Associates Inc.’s holdings in BlackRock were worth $14,354,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Evolution Wealth Management Inc. bought a new stake in shares of BlackRock in the 4th quarter worth approximately $26,000. Birchbrook Inc. purchased a new stake in shares of BlackRock during the fourth quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA bought a new position in shares of BlackRock in the fourth quarter worth approximately $32,000. Basepoint Wealth LLC bought a new stake in BlackRock in the 4th quarter worth $32,000. Finally, Swiss RE Ltd. bought a new stake in shares of BlackRock in the fourth quarter worth about $33,000. 80.69% of the stock is currently owned by institutional investors.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Morgan Stanley raised its price target on BlackRock to $1,430 from $1,393 and kept an overweight rating, reinforcing a bullish outlook on the stock. Morgan Stanley raises price target on BlackRock
• Positive Sentiment: BlackRock continues to promote retirement-focused solutions, with its 2026 Read on Retirement survey showing demand for help beyond traditional stock-and-bond portfolios; that supports the firm’s advisory and retirement franchise. BlackRock retirement survey
• Positive Sentiment: Trumid announced a multi-year partnership with BlackRock Aladdin, which could deepen the platform’s reach in fixed-income trading workflows and bolster BlackRock’s technology and enterprise relationships. Trumid partnership with BlackRock Aladdin
• Neutral Sentiment: Articles comparing BlackRock with AMG on value and covering BlackRock ETF yield strategies are mostly informational, but they keep BlackRock’s product lineup in focus for income-oriented investors. AMG or BLK value comparison BALI yield strategy article
• Negative Sentiment: Crypto-market commentary noted defensive positioning in BlackRock’s iShares Bitcoin Trust (IBIT) options and a new yearly low for the fund, which may dampen sentiment around BlackRock’s fast-growing Bitcoin ETF business. Bitcoin options traders hedge downside BlackRock iconic fund hits new yearly low
• Negative Sentiment: BlackRock was also mentioned in reports about Bitcoin and Ethereum transfers to Coinbase Prime, which may raise questions about crypto-asset flows, though the impact on BLK itself is unclear. BlackRock sends Bitcoin and Ethereum to Coinbase Prime

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Evercore dropped their target price on shares of BlackRock from $1,220.00 to $1,140.00 and set an “outperform” rating for the company in a research report on Monday, June 8th. Weiss Ratings raised shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. BMO Capital Markets increased their price target 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. Barclays raised their price objective on shares of BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group upped their target price on BlackRock from $1,181.00 to $1,313.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,269.44.

Insider Transactions at BlackRock

In other BlackRock news, President Robert Kapito sold 8,739 shares of the firm’s 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 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 approximately $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the transaction, the chief executive officer directly owned 230,516 shares of the company’s stock, valued at $242,168,583.80. This represents a 12.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.92% of the stock is currently owned by corporate insiders.

BlackRock Stock Performance

Shares of BLK stock opened at $966.50 on Friday. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The stock has a market cap of $150.03 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.26 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 company’s fifty day moving average price is $1,045.02 and its 200-day moving average price is $1,049.66.

BlackRock (NYSE:BLK) last released its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates of $12.40 by $0.13. The firm 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 company’s revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.64 EPS. On average, equities analysts expect that BlackRock will post 52.8 EPS for the current fiscal year.

BlackRock Dividend Announcement

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

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.