Kingswood Wealth Advisors LLC Acquires 1,192 Shares of BlackRock $BLK

Kingswood Wealth Advisors LLC boosted its holdings in shares of BlackRock (NYSE:BLK) by 116.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,218 shares of the asset manager’s stock after buying an additional 1,192 shares during the period. Kingswood Wealth Advisors LLC’s holdings in BlackRock were worth $2,373,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Capital International Investors boosted its stake in BlackRock by 0.6% during the third quarter. Capital International Investors now owns 1,841,088 shares of the asset manager’s stock valued at $2,146,663,000 after buying an additional 10,591 shares during the period. Oak Harvest Investment Services boosted its stake in BlackRock by 12,176.1% during the fourth quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager’s stock valued at $1,707,356,000 after buying an additional 1,582,159 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in BlackRock by 13.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,213,561 shares of the asset manager’s stock valued at $1,414,854,000 after buying an additional 143,126 shares during the period. Legal & General Group Plc boosted its stake in BlackRock by 4.5% during the third quarter. Legal & General Group Plc now owns 913,121 shares of the asset manager’s stock valued at $1,064,580,000 after buying an additional 39,412 shares during the period. Finally, Viking Global Investors LP boosted its stake in BlackRock by 217.5% during the third quarter. Viking Global Investors LP now owns 619,492 shares of the asset manager’s stock valued at $722,247,000 after buying an additional 424,388 shares during the period. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BLK shares. UBS Group lifted their price objective on BlackRock from $1,235.00 to $1,270.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets lifted their price target on BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BlackRock in a research note on Friday, March 27th. Keefe, Bruyette & Woods lifted their price target on BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on BlackRock from $1,296.00 to $1,380.00 in a research note on Thursday, January 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,269.06.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BMO Capital Markets raised its price target for BLK to $1,250, signaling bullish analyst sentiment that can support further buying interest. BMO Capital Markets Raises BlackRock Price Target
• Positive Sentiment: BlackRock reported strong Q1 results (revenue and EPS beat, robust net inflows), which underpin higher fee income and validate recent AUM growth trends — a key driver of today’s stock strength. Q4/Q1 Earnings Transcript
• Positive Sentiment: Record first-quarter net inflows and continued ETF demand (including sizable weekly inflows into IBIT) are expanding BlackRock’s AUM and recurring revenue base — a primary reason investors are bid up. Record First-Quarter Net Inflows
• Positive Sentiment: Renewed institutional interest in Bitcoin and strong ETF flows into IBIT support BlackRock’s crypto-related revenue and positioning in a fast-growing ETF category. That continues to be a catalyst for sentiment. IBIT ETF Inflows & Bitcoin Demand
• Neutral Sentiment: Coverage pieces on BlackRock’s AI transformation highlight operational improvements and long-term efficiency gains, but benefits are multi-year and less likely to move near-term fundamentals. Inside BlackRock’s AI Transformation
• Neutral Sentiment: Competitors (e.g., Strategy/MSTR) have temporarily surpassed BlackRock in raw Bitcoin holdings, a symbolic development but one that doesn’t materially reduce IBIT’s ETF inflows or BlackRock’s fee economics. Strategy Passes BlackRock in BTC Holdings
• Negative Sentiment: Minor regulatory/portfolio items — e.g., BlackRock ceasing to be a substantial holder in an Australian REIT and expiration/structure issues around some closed-end funds — are peripheral but could draw attention from income-focused investors. BlackRock Ceases to Be Substantial Holder in National Storage REIT

BlackRock Trading Up 1.8%

Shares of BLK stock opened at $1,061.90 on Thursday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $1,010.63 and a two-hundred day moving average price of $1,064.88. BlackRock has a 12-month low of $888.76 and a 12-month high of $1,219.94. The firm has a market cap of $165.17 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 1.36 and a beta of 1.48.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, topping the consensus estimate of $12.40 by $0.13. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.56 billion. BlackRock had a return on equity of 14.96% and a net margin of 24.40%.The company’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.64 earnings per share. Equities analysts anticipate that BlackRock will post 52.77 EPS for the current fiscal year.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 2,000 shares of BlackRock stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,083.05, for a total value of $2,166,100.00. Following the transaction, the director owned 61,980 shares in the company, valued at approximately $67,127,439. The trade was a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen Cohen sold 2,179 shares of BlackRock stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $1,073.87, for a total value of $2,339,962.73. Following the completion of the transaction, the director owned 6,543 shares in the company, valued at approximately $7,026,331.41. This represents a 24.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 64,272 shares of company stock worth $69,823,426. Company insiders own 1.92% of the company’s stock.

About BlackRock

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.