BlackRock (NYSE:BLK) Shares Purchased by Hohimer Wealth Management LLC

14 Jul 2025, 12:40 by Doug Wharley · The Cerbat Gem

Hohimer Wealth Management LLC grew its stake in shares of BlackRock (NYSE:BLK – Free Report) by 12.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,166 shares of the asset manager’s stock after acquiring an additional 668 shares during the quarter. BlackRock comprises approximately 1.1% of Hohimer Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. Hohimer Wealth Management LLC’s holdings in BlackRock were worth $5,836,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC increased its holdings in BlackRock by 76.5% in the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock worth $28,000 after buying an additional 13 shares during the period. Investment Management Corp VA ADV acquired a new position in BlackRock in the 4th quarter worth approximately $30,000. MorganRosel Wealth Management LLC acquired a new position in BlackRock in the 1st quarter worth approximately $31,000. Curio Wealth LLC acquired a new position in BlackRock in the 4th quarter worth approximately $41,000. Finally, Cedar Wealth Management LLC acquired a new position in BlackRock in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $912.50, for a total value of $9,125,000.00. Following the completion of the sale, the director directly owned 66,034 shares of the company’s stock, valued at $60,256,025. This trade represents a 13.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the topic of several research reports. UBS Group reiterated a “neutral” rating and issued a $980.00 price target on shares of BlackRock in a report on Tuesday, July 8th. The Goldman Sachs Group restated a “buy” rating and issued a $1,115.00 price objective on shares of BlackRock in a research report on Tuesday, July 8th. Morgan Stanley restated an “overweight” rating and issued a $1,164.00 price objective on shares of BlackRock in a research report on Tuesday, July 8th. Jefferies Financial Group upped their price objective on BlackRock from $959.00 to $1,210.00 in a research report on Thursday. Finally, Barclays upped their price objective on BlackRock from $990.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,132.29.

Get Our Latest Research Report on BlackRock

BlackRock Trading Down 0.1%

Shares of BLK stock opened at $1,102.63 on Monday. The stock’s fifty day moving average is $996.68 and its two-hundred day moving average is $970.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.34 and a current ratio of 4.34. The firm has a market capitalization of $170.83 billion, a P/E ratio of 26.79, a PEG ratio of 2.22 and a beta of 1.41. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,105.72.

BlackRock (NYSE:BLK – Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, beating analysts’ consensus estimates of $10.84 by $0.46. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.47 billion. BlackRock had a return on equity of 15.57% and a net margin of 30.09%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $9.81 EPS. Research analysts expect that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th were issued a $5.21 dividend. The ex-dividend date was Thursday, June 5th. This represents a $20.84 dividend on an annualized basis and a yield of 1.89%. BlackRock’s payout ratio is currently 50.63%.

BlackRock Company Profile

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