Sava Infond d.o.o. Reduces Position in BlackRock $BLK

Sava Infond d.o.o. cut its stake in shares of BlackRock (NYSE:BLK) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,347 shares of the asset manager’s stock after selling 750 shares during the quarter. BlackRock comprises approximately 1.1% of Sava Infond d.o.o.’s investment portfolio, making the stock its 20th biggest holding. Sava Infond d.o.o.’s holdings in BlackRock were worth $7,864,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. TruNorth Capital Management LLC boosted its holdings in BlackRock by 1,000.0% in the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 20 shares during the last quarter. Hopwood Financial Services Inc. boosted its holdings in BlackRock by 866.7% in the third quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 26 shares during the last quarter. Collier Financial purchased a new stake in BlackRock in the third quarter valued at $36,000. Goodman Advisory Group LLC purchased a new stake in BlackRock in the third quarter valued at $37,000. Finally, Dogwood Wealth Management LLC boosted its holdings in BlackRock by 94.1% in the third quarter. Dogwood Wealth Management LLC now owns 33 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 16 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on BLK. The Goldman Sachs Group upped their price target on shares of BlackRock from $1,181.00 to $1,313.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Evercore reaffirmed an “outperform” rating and issued a $1,220.00 price target on shares of BlackRock 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 report on Wednesday, April 15th. JPMorgan Chase & Co. lowered their price target on shares of 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, Barclays upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,269.06.

Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,083.05, for a total value of $2,166,100.00. Following the completion of the transaction, the director owned 61,980 shares in the company, valued at approximately $67,127,439. This represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Robert L. Goldstein sold 54,190 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $1,087.29, for a total transaction of $58,920,245.10. Following the completion of the transaction, the chief operating officer owned 51,478 shares of the company’s stock, valued at approximately $55,971,514.62. This trade represents a 51.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 64,272 shares of company stock worth $69,823,426. Company insiders own 1.92% of the company’s stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Spot bitcoin ETF inflows have accelerated this month, with BlackRock’s IBIT among the leaders — stronger ETF flows boost AUM and recurring fee revenue for BlackRock’s iShares platform. Bitcoin ETFs Just Turned Positive Across Every Timeframe
• Positive Sentiment: Multiple reports show recent sizeable purchases of BTC tied to BlackRock/its products (e.g., IBIT buying activity), which can lift AUM and future management fees if inflows persist. BlackRock buys $900M in Bitcoin
• Neutral Sentiment: BlackRock’s recent April earnings beat and strong quarterly revenue/AUM growth remain a positive backdrop for the stock but may already be priced in after the post‑earnings move. BLK Earnings Summary
• Neutral Sentiment: Media pieces highlighting popular BlackRock ETFs and income/dividend ETF ideas may drive retail interest but are unlikely to change fundamentals near-term. TipRanks: BlackRock ETFs
• Negative Sentiment: Reports that BlackRock’s bitcoin exposure corresponds with a multibillion-dollar unrealized loss (and press coverage of a large BTC purchase amid that loss) raise concerns about mark‑to‑market volatility and potential near‑term earnings noise. BlackRock buys 30,000 BTC amid $6.3B unrealized loss
• Negative Sentiment: Wider market pressures — bond-market weakness and geopolitical jitters (US‑Iran tensions) — are causing risk‑off flows that typically weigh on asset‑manager multiples and can reduce new inflows. Global Bonds Set for Worst Week

BlackRock Trading Down 0.8%

Shares of BlackRock stock opened at $1,045.12 on Friday. The firm has a 50-day simple moving average of $1,010.07 and a two-hundred day simple moving average of $1,063.87. The company has a market cap of $162.56 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48. BlackRock has a fifty-two week low of $893.93 and a fifty-two week high of $1,219.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.98 and a current ratio of 2.98.

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

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.