Osprey Private Wealth LLC Buys 750 Shares of BlackRock $BLK

Osprey Private Wealth LLC increased its stake in shares of BlackRock (NYSE:BLK) by 8.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,882 shares of the asset manager’s stock after purchasing an additional 750 shares during the period. BlackRock makes up 2.8% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 13th largest holding. Osprey Private Wealth LLC’s holdings in BlackRock were worth $9,504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BLK. Evolution Wealth Management Inc. bought a new position in shares of BlackRock during the 4th quarter valued at $26,000. Birchbrook Inc. bought a new stake in shares of BlackRock in the fourth quarter worth $31,000. LFA Lugano Financial Advisors SA purchased a new stake in BlackRock during the fourth quarter valued at $32,000. Basepoint Wealth LLC bought a new position in BlackRock in the fourth quarter valued at about $32,000. Finally, Swiss RE Ltd. purchased a new position in BlackRock in the fourth quarter worth about $33,000. Institutional investors own 80.69% of the company’s stock.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on BlackRock and maintained an outperform rating, signaling confidence ahead of earnings.
• Positive Sentiment: Barclays lifted its price target on BlackRock to $1,340 and kept an overweight rating, reflecting expectations for continued business momentum.
• Positive Sentiment: Analysts expect Q2 results to benefit from ETF inflows, higher market levels, and growth in assets under management, which could support earnings and revenue.
• Neutral Sentiment: BlackRock’s newer crypto-related products, including its Bitcoin income ETF and BUIDL tokenized treasury fund, are attracting attention but are not yet a major earnings driver.
• Neutral Sentiment: Broad crypto ETF outflows were reported, though BlackRock’s IBIT was flat, limiting direct negative impact on the company.

Insider Transactions at BlackRock

In related news, President Robert Kapito sold 8,739 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the completion of the transaction, the president directly owned 210,186 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the completion of the sale, the chief executive officer directly owned 230,516 shares in the company, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.92% of the stock is currently owned by insiders.

BlackRock Price Performance

Shares of NYSE:BLK traded up $16.50 during trading on Friday, hitting $1,036.18. 595,032 shares of the company’s stock were exchanged, compared to its average volume of 794,052. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94. The business’s 50-day simple moving average is $1,034.39 and its 200 day simple moving average is $1,044.04. The company has a market cap of $160.85 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 1.30 and a beta of 1.43.

BlackRock (NYSE:BLK) last released its earnings results 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 net margin of 24.40% and a return on equity of 14.74%. The company’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.64 earnings per share. As a group, equities analysts predict that BlackRock will post 53.9 EPS for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th were issued a $5.73 dividend. This represents a $22.92 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, June 5th. BlackRock’s payout ratio is 57.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BLK shares. BMO Capital Markets upped their price target on shares of BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Weiss Ratings raised shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Jefferies Financial Group reduced their target price on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Barclays lifted their price target on shares of BlackRock from $1,310.00 to $1,340.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $1,273.33.

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.