iA Global Asset Management Inc. Buys 13,470 Shares of BlackRock $BLK

iA Global Asset Management Inc. boosted its stake in shares of BlackRock (NYSE:BLK) by 3,848.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 13,820 shares of the asset manager’s stock after buying an additional 13,470 shares during the quarter. iA Global Asset Management Inc.’s holdings in BlackRock were worth $13,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Evolution Wealth Management Inc. bought a new stake in shares of BlackRock in the fourth quarter valued at about $26,000. Birchbrook Inc. bought a new position in BlackRock during the fourth quarter valued at about $31,000. Basepoint Wealth LLC acquired a new position in BlackRock in the 4th quarter valued at approximately $32,000. LFA Lugano Financial Advisors SA acquired a new position in 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 worth approximately $33,000. 80.69% of the stock is owned by institutional investors.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is helping launch Open USD, a new stablecoin backed by major firms including Visa, Mastercard, Stripe, BNY Mellon, Coinbase and BlackRock. Investors may see this as a strategic move to deepen BlackRock’s presence in crypto infrastructure and tokenized finance. Article: Stripe, Visa, BlackRock Back New Open USD Stablecoin In Bid To Challenge Tether, Circle
• Positive Sentiment: BlackRock’s Aladdin platform is being integrated more deeply with Ethena’s tokenized dollar products, reinforcing BlackRock’s push into blockchain-based institutional finance and broadening the ecosystem around its platforms. Article: BlackRock’s Aladdin Platform Expands Integration with Ethena’s Tokenized Dollar Suite
• Positive Sentiment: BlackRock registered shares related to its HPS deal consideration, a procedural step that suggests progress on a strategic acquisition/investment initiative rather than a setback. Article: BlackRock Registers Shares for HPS Deal Consideration
• Neutral Sentiment: BlackRock’s investment outlook turned cautious on emerging-market equities while upgrading euro bonds, reflecting a portfolio positioning shift that may not directly affect earnings but could influence sentiment around its market views and product flows. Article: BlackRock turns cautious on emerging markets, upgrades euro bonds
• Neutral Sentiment: Several reports showed outflows and rebalancing in BlackRock’s Bitcoin ETF IBIT, which may weigh on crypto-related sentiment, but the flow data appears tied to broader ETF rotation rather than a BlackRock-specific problem. Article: BlackRock’s IBIT Sees $300M Outflow As Bitcoin ETF Rebalancing Deepens
• Negative Sentiment: Broader Bitcoin ETF weakness and a reported worst month for U.S. spot Bitcoin funds could pressure sentiment around BlackRock’s crypto ETF business if outflows continue, even though this is more about the category than BLK itself. Article: Bitcoin ETFs Set for Worst Month With $4 Billion in Outflows

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BLK shares. TD Cowen cut their target price on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Barclays lifted their price target on shares of BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Evercore lowered their price target on shares of BlackRock from $1,220.00 to $1,140.00 and set an “outperform” rating on the stock in a report on Monday, June 8th. Jefferies Financial Group dropped their price objective on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, UBS Group raised their price objective on shares of BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,269.44.

Insider Transactions at BlackRock

In other news, President Robert Kapito sold 8,739 shares of the company’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 transaction, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. This 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 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 sale, the chief executive officer directly owned 230,516 shares in the company, valued at $242,168,583.80. This trade represents a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.92% of the stock is owned by corporate insiders.

BlackRock Stock Performance

NYSE:BLK opened at $959.52 on Wednesday. The stock has a market capitalization of $148.95 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.23 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 has a 1 year low of $917.39 and a 1 year high of $1,219.94. The firm has a 50 day moving average of $1,041.70 and a 200-day moving average of $1,047.86.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, topping analysts’ consensus estimates of $12.40 by $0.13. The business 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% on a year-over-year basis. During the same period in the prior year, the company earned $9.64 EPS. As a group, sell-side analysts anticipate that BlackRock will post 53.18 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared 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 was Friday, June 5th. This represents a $22.92 annualized dividend and a yield of 2.4%. 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.