Kestra Private Wealth Services LLC Has $10.13 Million Stock Position in BlackRock $BLK

Posted by Joseph Griffin on Jun 26th, 2026

Kestra Private Wealth Services LLC lessened its holdings in shares of BlackRock (NYSE:BLK – Free Report) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,532 shares of the asset manager’s stock after selling 949 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in BlackRock were worth $10,129,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new stake in BlackRock in the 4th quarter valued at $26,000. Birchbrook Inc. bought a new position in BlackRock during the fourth quarter worth $31,000. Basepoint Wealth LLC acquired a new position in shares of BlackRock in the fourth quarter valued at $32,000. LFA Lugano Financial Advisors SA acquired a new position in shares of BlackRock in the fourth quarter valued at $32,000. Finally, Swiss RE Ltd. bought a new position in shares of BlackRock in the fourth quarter valued at about $33,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Price Performance

BLK stock opened at $970.99 on Friday. The stock has a market cap of $150.73 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.28 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. The company has a 50 day simple moving average of $1,046.67 and a 200 day simple moving average of $1,050.25. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94.

BlackRock (NYSE:BLK – Get Free Report) last issued its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $12.40 by $0.13. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $9.64 earnings per share. Research analysts anticipate that BlackRock will post 52.8 EPS for the current fiscal year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 5th were issued a dividend of $5.73 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 annualized dividend and a dividend yield of 2.4%. BlackRock’s dividend payout ratio (DPR) is 57.53%.

Insiders Place Their Bets

In related news, CEO Laurence Fink sold 33,900 shares of the business’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 $242,168,583.80. The trade was a 12.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Robert Kapito sold 8,739 shares of the stock in a transaction dated Monday, April 27th. The shares were 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. This represents 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.

Key Headlines 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

Wall Street Analyst Weigh In

A number of brokerages recently commented on BLK. 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 note on Monday, April 20th. 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 report on Monday, April 13th. The Goldman Sachs Group increased their target price on BlackRock from $1,181.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. UBS Group lifted their price target on BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, Barclays boosted their price target on BlackRock from $1,290.00 to $1,310.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,267.39.

Check Out Our Latest Stock Report on BlackRock

BlackRock Profile

(Free Report)

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.