BlackRock $BLK Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lifted its stake in shares of BlackRock (NYSE:BLK) by 92.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,248 shares of the asset manager’s stock after buying an additional 1,080 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in BlackRock were worth $2,162,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Shum Financial Group Inc. lifted its position in BlackRock by 0.4% in the fourth quarter. Shum Financial Group Inc. now owns 2,183 shares of the asset manager’s stock valued at $2,336,000 after acquiring an additional 9 shares during the last quarter. First Bancorp Inc ME grew its holdings in shares of BlackRock by 2.9% during the fourth quarter. First Bancorp Inc ME now owns 321 shares of the asset manager’s stock worth $344,000 after purchasing an additional 9 shares during the last quarter. Rather & Kittrell Inc. grew its holdings in shares of BlackRock by 2.1% during the fourth quarter. Rather & Kittrell Inc. now owns 430 shares of the asset manager’s stock worth $461,000 after purchasing an additional 9 shares during the last quarter. Oakworth Capital Inc. increased its position in shares of BlackRock by 1.2% during the fourth quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager’s stock worth $808,000 after purchasing an additional 9 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of BlackRock by 23.8% during the third quarter. Tortoise Investment Management LLC now owns 52 shares of the asset manager’s stock worth $61,000 after purchasing an additional 10 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Evercore decreased their target price on 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. UBS Group lifted their price target on BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. BNP Paribas Exane increased their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Finally, TD Cowen lowered their target price on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,269.44.

Insider Buying and Selling at BlackRock

In other BlackRock news, President Robert Kapito sold 8,739 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction 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 $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.92% of the company’s stock.

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

BlackRock Price Performance

Shares of BLK opened at $966.50 on Monday. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94. The stock’s 50 day moving average is $1,045.02 and its two-hundred day moving average is $1,049.58. The firm has a market capitalization of $150.03 billion, a PE ratio of 24.26, a P/E/G 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.

BlackRock (NYSE:BLK) last released its 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 company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.56 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.64 EPS. Research analysts anticipate that BlackRock will post 52.8 earnings per share for the current year.

BlackRock Announces Dividend

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