Pictet Asset Management Holding SA Sells 23,181 Shares of BlackRock $BLK

Pictet Asset Management Holding SA lessened its stake in shares of BlackRock (NYSE:BLK) by 14.1% during the 1st quarter, Holdings Channel reports. The fund owned 141,402 shares of the asset manager’s stock after selling 23,181 shares during the period. Pictet Asset Management Holding SA’s holdings in BlackRock were worth $135,971,000 as of its most recent SEC filing.

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

Insider Activity

In other BlackRock news, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the completion of the sale, the president directly owned 210,186 shares in the company, valued at $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laurence Fink sold 33,900 shares of the company’s 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 transaction of $35,613,645.00. Following the completion of the transaction, the chief executive officer owned 230,516 shares in the company, valued at approximately $242,168,583.80. This represents a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.92% of the company’s stock.

BlackRock Stock Performance

NYSE:BLK opened at $966.50 on Monday. The company has a market cap of $150.03 billion, a P/E ratio of 24.26, a P/E/G ratio of 1.26 and a beta of 1.42. The company’s 50-day moving average price is $1,045.02 and its 200-day moving average price is $1,049.58. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.40 by $0.13. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.56 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. BlackRock’s revenue was up 27.0% compared to the same quarter last year. During the same period last year, the business earned $9.64 earnings per share. On average, sell-side analysts forecast that BlackRock will post 52.8 earnings per share 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 $5.73 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 dividend on an annualized basis and a yield of 2.4%. BlackRock’s dividend payout ratio is presently 57.53%.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Morgan Stanley raised its price target on BlackRock to $1,430 from $1,393 and kept an overweight rating, reinforcing a bullish outlook on the stock. Morgan Stanley raises price target on BlackRock
• Positive Sentiment: BlackRock continues to promote retirement-focused solutions, with its 2026 Read on Retirement survey showing demand for help beyond traditional stock-and-bond portfolios; that supports the firm’s advisory and retirement franchise. BlackRock retirement survey
• Positive Sentiment: Trumid announced a multi-year partnership with BlackRock Aladdin, which could deepen the platform’s reach in fixed-income trading workflows and bolster BlackRock’s technology and enterprise relationships. Trumid partnership with BlackRock Aladdin
• Neutral Sentiment: Articles comparing BlackRock with AMG on value and covering BlackRock ETF yield strategies are mostly informational, but they keep BlackRock’s product lineup in focus for income-oriented investors. AMG or BLK value comparison BALI yield strategy article
• Negative Sentiment: Crypto-market commentary noted defensive positioning in BlackRock’s iShares Bitcoin Trust (IBIT) options and a new yearly low for the fund, which may dampen sentiment around BlackRock’s fast-growing Bitcoin ETF business. Bitcoin options traders hedge downside BlackRock iconic fund hits new yearly low
• Negative Sentiment: BlackRock was also mentioned in reports about Bitcoin and Ethereum transfers to Coinbase Prime, which may raise questions about crypto-asset flows, though the impact on BLK itself is unclear. BlackRock sends Bitcoin and Ethereum to Coinbase Prime

Wall Street Analysts Forecast Growth

A number of research firms have commented on BLK. Morgan Stanley increased their price target on BlackRock from $1,393.00 to $1,430.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group cut their price objective on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. BMO Capital Markets lifted their price objective 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. Evercore lowered their target price on BlackRock from $1,220.00 to $1,140.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. One 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 a consensus target price of $1,269.44.

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.