Krilogy Financial LLC Has $5.68 Million Stock Holdings in BlackRock $BLK

Krilogy Financial LLC lifted its position in BlackRock (NYSE:BLK) by 43.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,542 shares of the asset manager’s stock after buying an additional 1,687 shares during the quarter. Krilogy Financial LLC’s holdings in BlackRock were worth $5,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BLK. Vanguard Group Inc. raised its holdings in BlackRock by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager’s stock worth $15,051,846,000 after acquiring an additional 221,123 shares during the period. State Street Corp boosted its holdings in BlackRock by 0.5% during the fourth quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock valued at $6,705,193,000 after acquiring an additional 33,752 shares during the period. Corient Private Wealth LLC grew its position in shares of BlackRock by 5,190.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock valued at $5,876,618,000 after purchasing an additional 5,386,640 shares during the last quarter. Bank of America Corp DE grew its position in shares of BlackRock by 3.0% in the fourth quarter. Bank of America Corp DE now owns 5,197,904 shares of the asset manager’s stock valued at $5,563,524,000 after purchasing an additional 149,902 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of BlackRock by 0.3% in the fourth quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager’s stock worth $4,108,968,000 after purchasing an additional 12,019 shares during the period. 80.69% of the stock is owned by institutional investors.

BlackRock Trading Down 3.4%

BlackRock stock opened at $1,016.18 on Wednesday. The business has a 50 day moving average price of $1,049.19 and a two-hundred day moving average price of $1,051.62. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. 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 $157.74 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.42.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share 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 analyst estimates of $6.56 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.BlackRock’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter last year, the firm earned $9.64 EPS. As a group, equities analysts forecast that BlackRock will post 52.8 EPS for the current year.

BlackRock Announces Dividend

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

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BNP Paribas Exane raised its price target on BlackRock to $1,350 from $1,300 and reiterated an outperform rating, signaling confidence in the stock’s upside. MarketScreener article
• Positive Sentiment: BlackRock is paying its quarterly dividend today at $5.73 per share, which supports the stock’s income appeal for shareholders. Finbold article
• Positive Sentiment: BlackRock highlighted continued progress from its Emergency Savings Initiative, which has helped build nearly $8 billion in emergency savings for workers and broadened its brand visibility in a positive social-impact story. Yahoo Finance article
• Neutral Sentiment: BlackRock executives said short-dated Treasury inflation-protected securities may be attractive for investors worried about inflation, reinforcing the firm’s fixed-income expertise but not directly changing the earnings outlook. CNBC video
• Neutral Sentiment: BlackRock’s digital-assets head said AI is drawing investor attention and capital away from Bitcoin, a comment that reflects the firm’s crypto-market view but is not a direct catalyst for BLK earnings. Finbold article
• Neutral Sentiment: BlackRock also received coverage around layoffs and a potential $5 billion SpaceX investment, but those items were more speculative or operational in nature and had no clear immediate impact on the stock. Yahoo Finance article Yahoo Finance article
• Negative Sentiment: Commentary from BlackRock’s crypto team that AI is “sucking oxygen” away from Bitcoin may reinforce near-term pressure in parts of the digital-assets franchise, even though the broader impact on BLK is limited. Benzinga article

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BLK shares. BNP Paribas Exane increased their target price on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group upped their price target on BlackRock from $1,181.00 to $1,313.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Jefferies Financial Group reduced their price objective on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. TD Cowen dropped 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. Finally, Morgan Stanley upped their target price on shares of BlackRock from $1,368.00 to $1,393.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,267.39.

Insider Buying and Selling at BlackRock

In other BlackRock news, President Robert Kapito sold 8,739 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the sale, the president owned 210,186 shares of the company’s stock, valued at $222,082,527.60. The trade was a 3.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Laurence Fink sold 33,900 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. This represents a 12.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.92% of the company’s stock.

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.