OLD National Bancorp IN Has $14.09 Million Stock Holdings in BlackRock $BLK

OLD National Bancorp IN cut its holdings in BlackRock (NYSE:BLK) by 6.2% during the first quarter, Holdings Channel.com reports. The firm owned 14,647 shares of the asset manager’s stock after selling 969 shares during the quarter. OLD National Bancorp IN’s holdings in BlackRock were worth $14,086,000 as of its most recent SEC filing.

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

Key Stories Impacting BlackRock

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

Insiders Place Their Bets

In other news, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction 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 completion of the sale, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Robert Kapito sold 8,739 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the transaction, the president owned 210,186 shares of the company’s stock, valued at $222,082,527.60. The trade was a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.92% of the company’s stock.

BlackRock Stock Down 1.2%

BLK stock opened at $970.99 on Friday. The stock has a 50-day simple moving average of $1,046.67 and a two-hundred day simple moving average of $1,050.25. The firm has a market capitalization of $150.73 billion, a PE ratio of 24.37, a PEG ratio of 1.28 and a beta of 1.42. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, beating the consensus estimate of $12.40 by $0.13. The firm 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 14.74%. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same period last year, the firm earned $9.64 EPS. On average, equities analysts predict 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. Shareholders 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 payout ratio is presently 57.53%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BLK shares. Evercore dropped their target price on shares of BlackRock from $1,220.00 to $1,140.00 and set an “outperform” rating for the company in a report on Monday, June 8th. Morgan Stanley lifted their target price on BlackRock from $1,368.00 to $1,393.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. TD Cowen dropped their price target on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. BMO Capital Markets upped their target price on BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Finally, Jefferies Financial Group decreased their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, BlackRock has a consensus rating of “Moderate Buy” and an average target price 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.