Kestra Private Wealth Services LLC Has $10.13 Million Stake in BlackRock $BLK

Kestra Private Wealth Services LLC reduced its stake in shares of BlackRock (NYSE:BLK) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,532 shares of the asset manager’s stock after selling 949 shares during the period. Kestra Private Wealth Services LLC’s holdings in BlackRock were worth $10,129,000 at the end of the most recent quarter.

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

Insider Buying and Selling at BlackRock

In other BlackRock news, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction 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 transaction, the president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Laurence Fink sold 33,900 shares of the company’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 completion of 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 position. The SEC filing for this sale provides additional information. Corporate insiders own 1.92% of the company’s stock.

BlackRock Trading Down 1.2%

NYSE:BLK opened at $970.99 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The company has a market cap of $150.73 billion, a PE ratio of 24.37, a PEG ratio of 1.28 and a beta of 1.42. The firm has a 50-day moving average of $1,046.67 and a 200-day moving average of $1,050.25.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, beating the consensus estimate of $12.40 by $0.13. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.56 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. The firm’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 research analysts expect that BlackRock will post 52.8 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 5th were given a dividend of $5.73 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 annualized dividend and a dividend yield of 2.4%. BlackRock’s payout ratio is presently 57.53%.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock highlighted growing retirement-savings needs in its 2026 Read on Retirement report, reinforcing the firm’s long-term role in workplace savings and advisory solutions. Americans Look Beyond Savings to Turn Retirement Confidence Into Reality, BlackRock Survey Finds
• Positive Sentiment: BlackRock said a 1%–2% Bitcoin allocation can be reasonable for traditional portfolios, a message that supports adoption of its crypto-linked products, including iShares Bitcoin Trust (IBIT). BlackRock Recommends 1-2% Bitcoin Allocation as BTC Gains Ground in Institutional Portfolios
• Positive Sentiment: BlackRock also backed Caplight’s $16 million Series A, extending its exposure to private-markets infrastructure and data tools. Caplight Raises $16M Series A led by BlackRock and Fin Capital to power the next era of private markets
• Neutral Sentiment: Trumid announced a multi-year partnership with BlackRock Aladdin to improve corporate bond liquidity, which is constructive for BlackRock’s technology and trading ecosystem but not an immediate earnings driver. Trumid Announces Multi-Year Partnership with BlackRock Aladdin to Further Enhance Access to Corporate Bond Liquidity
• Neutral Sentiment: BlackRock’s transfer of Bitcoin and Ethereum to Coinbase Prime appears to be a routine crypto-related custody or treasury move, with unclear direct impact on earnings. BlackRock Sends $217M in Bitcoin and Ethereum to Coinbase Prime
• Negative Sentiment: Investors remain wary of private-credit liquidity after BlackRock and other managers imposed withdrawal limits on some funds, keeping sentiment around BLK cautious. BlackRock shares fall as private-credit redemption fears appear to weigh on sentiment
• Negative Sentiment: BlackRock’s iShares Bitcoin Trust hit a new yearly low as Bitcoin weakness prompted traders to hedge downside, which may be weighing on sentiment toward the firm’s crypto-related growth narrative. BlackRock’s iconic fund hits new yearly low

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BLK shares. TD Cowen reduced their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating on the stock in a research note on Thursday, April 9th. Barclays boosted their target price on shares of BlackRock from $1,290.00 to $1,310.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. UBS Group upped their price target on shares of BlackRock from $1,235.00 to $1,270.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. BNP Paribas Exane lifted their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their price objective on BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. One research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,267.39.

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.