GC Wealth Management RIA LLC Sells 1,337 Shares of BlackRock $BLK

GC Wealth Management RIA LLC trimmed its holdings in shares of BlackRock (NYSE:BLK) by 27.2% in the fourth quarter, HoldingsChannel reports. The firm owned 3,579 shares of the asset manager’s stock after selling 1,337 shares during the period. GC Wealth Management RIA LLC’s holdings in BlackRock were worth $3,831,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock valued at $1,615,000 after buying an additional 296 shares during the last quarter. Bison Wealth LLC lifted its stake in shares of BlackRock by 1.6% in the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after purchasing an additional 17 shares during the period. Schnieders Capital Management LLC. acquired a new stake in BlackRock during the 2nd quarter worth $259,000. Nebula Research & Development LLC acquired a new stake in BlackRock during the 2nd quarter worth $548,000. Finally, Osterweis Capital Management Inc. bought a new position in BlackRock in the second quarter valued at approximately $98,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s tokenized money-market fund (BUIDL) has been accepted as institutional collateral on crypto exchange OKX via a Standard Chartered custody framework — this makes a yield-bearing, regulated product usable in crypto trading, widening distribution and potential fund flows. Read More.
• Positive Sentiment: Multiple outlets report the OKX integration and describe it as the first bank-backed tokenized collateral framework — a concrete commercialization step for BlackRock’s tokenization efforts that could boost BUIDL inflows and institutional crypto activity. Read More.
• Positive Sentiment: Demand for BlackRock’s crypto products remains strong: Colombia’s largest pension manager launched a voluntary product that routes investments into BlackRock’s IBIT Bitcoin ETF, and ETF inflows/open interest remain elevated — positive for ETF AUM and fee revenue. Read More.
• Neutral Sentiment: Analyst and press pieces compare BlackRock with peers (Blackstone, Invesco, Schwab) as firms push into private markets — useful context on competitive positioning and valuation but not an immediate catalyst. Read More.
• Neutral Sentiment: Several investor pieces highlight BlackRock’s dividend profile and ETF leadership — supportive for long-term investor sentiment but unlikely to move the stock near-term. Read More.
• Negative Sentiment: Insider selling: President Robert Kapito disclosed a sale of 8,739 shares (~$9.2M) on Apr 27 (a ~3.99% reduction in his position) — a large-dollar, public insider sale that often triggers short-term investor concern about management conviction. Read More.

Wall Street Analysts Forecast Growth

BLK has been the subject of several recent research reports. Freedom Capital raised BlackRock from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. 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 report on Monday, April 13th. UBS Group upped their price objective on BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Wall Street Zen upgraded shares of BlackRock from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of BlackRock in a research note on Friday, March 27th. 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 company’s stock. Based on data from MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $1,269.06.

Insiders Place Their Bets

In related news, Director Stephen Cohen sold 2,179 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $1,073.87, for a total transaction of $2,339,962.73. Following the completion of the transaction, the director directly owned 6,543 shares in the company, valued at $7,026,331.41. The trade was a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director J. Richard Kushel sold 2,000 shares of BlackRock stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $1,083.05, for a total transaction of $2,166,100.00. Following the completion of the transaction, the director directly owned 61,980 shares of the company’s stock, valued at $67,127,439. The trade was a 3.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 73,011 shares of company stock valued at $79,057,053. Company insiders own 1.92% of the company’s stock.

BlackRock Stock Down 0.7%

Shares of BLK opened at $1,049.73 on Wednesday. The business has a fifty day moving average of $1,009.29 and a 200 day moving average of $1,061.10. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. The company has a market cap of $163.27 billion, a PE ratio of 26.35, a P/E/G ratio of 1.38 and a beta of 1.48. BlackRock has a 52-week low of $893.93 and a 52-week high of $1,219.94.

BlackRock (NYSE:BLK) last posted its earnings results 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 company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.56 billion. BlackRock had a return on equity of 14.96% and a net margin of 24.40%.BlackRock’s revenue was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.64 earnings per share. On average, sell-side analysts expect that BlackRock will post 52.77 EPS for the current year.

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.