E. Ohman J or Asset Management AB Has $34.86 Million Holdings in BlackRock $BLK

E. Ohman J or Asset Management AB lessened its holdings in BlackRock (NYSE:BLK) by 2.4% during the 1st quarter, Holdings Channel reports. The firm owned 36,251 shares of the asset manager’s stock after selling 901 shares during the period. BlackRock makes up approximately 0.9% of E. Ohman J or Asset Management AB’s portfolio, making the stock its 25th biggest position. E. Ohman J or Asset Management AB’s holdings in BlackRock were worth $34,863,000 as of its most recent SEC filing.

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

BlackRock Price Performance

Shares of BLK stock opened at $1,051.51 on Friday. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The firm has a market capitalization of $163.23 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.37 and a beta of 1.42. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $1,047.92 and a 200-day moving average of $1,051.90.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $12.40 by $0.13. The business had revenue of $6.70 billion during 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 quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.64 EPS. On average, equities research analysts forecast that BlackRock will post 52.8 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th will be given a dividend of $5.73 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.2%. BlackRock’s dividend payout ratio (DPR) is currently 57.53%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price target on BlackRock from $1,368.00 to $1,393.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. BMO Capital Markets upped their price objective on BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Weiss Ratings raised BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. reduced their target price on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, The Goldman Sachs Group boosted their target price on BlackRock from $1,181.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and a consensus price target of $1,264.61.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s spot Bitcoin ETF continues to act as a gateway for new investors into traditional finance, with Jay Jacobs saying roughly three-quarters of IBIT holders had never owned an ETF before. That supports the case for continued asset-gathering strength in BlackRock’s ETF franchise. Article Title
• Positive Sentiment: BlackRock filed for an iShares Bitcoin Premium Income ETF, a covered-call product aimed at income seekers. The move suggests BlackRock is broadening its crypto ETF lineup and could attract more fee-generating inflows. Article Title
• Positive Sentiment: BlackRock Canada announced June cash distributions for multiple iShares ETFs, reinforcing the company’s large and steady ETF distribution machine, which can be viewed as a sign of recurring product demand. Article Title
• Neutral Sentiment: BlackRock was also highlighted as one of the largest Bitcoin holders, with Arkham data placing it ahead of Binance in BTC count. This reflects the scale of its crypto exposure, but it is more descriptive than fundamentally material on its own. Article Title
• Neutral Sentiment: Coverage comparing BlackRock with Blackstone and news about BlackRock entering the active high-yield ETF arena are broadly supportive of its product expansion, but neither article points to an immediate catalyst for the stock. Article Title
• Negative Sentiment: One headline noted BlackRock “dumps 1,000 Bitcoin” as BTC struggled to hold the $60,000 level. If sustained, weaker crypto prices could dampen sentiment around BlackRock’s Bitcoin-linked products, though the impact on BLK itself is likely limited. Article Title

Insider Activity

In other news, President Robert Kapito sold 8,739 shares of the 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 completion of the sale, the president owned 210,186 shares of the company’s stock, valued at $222,082,527.60. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of the firm’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 approximately $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. 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.