Vise Technologies Inc. Invests $2.49 Million in BlackRock, Inc. (NYSE:BLK)

23 May 2025, 11:18 by Jessica Moore · The Cerbat Gem

Vise Technologies Inc. purchased a new position in BlackRock, Inc. (NYSE:BLK – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,428 shares of the asset manager’s stock, valued at approximately $2,489,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BLK. Norges Bank purchased a new stake in shares of BlackRock in the fourth quarter worth approximately $2,356,357,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of BlackRock by 401.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,095,241 shares of the asset manager’s stock worth $1,122,743,000 after buying an additional 876,836 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of BlackRock by 138,682.5% in the fourth quarter. Proficio Capital Partners LLC now owns 634,236 shares of the asset manager’s stock worth $634,000 after buying an additional 633,779 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of BlackRock in the fourth quarter worth approximately $572,730,000. Finally, Amundi purchased a new stake in shares of BlackRock in the fourth quarter worth approximately $528,792,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Stock Down 0.3%

Shares of NYSE BLK opened at $969.56 on Friday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $150.21 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. The stock’s fifty day simple moving average is $920.79 and its two-hundred day simple moving average is $978.04. BlackRock, Inc. has a 12-month low of $752.30 and a 12-month high of $1,084.22.

BlackRock (NYSE:BLK – Get Free Report) last announced its earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.84 by $0.46. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.47 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $9.81 EPS. As a group, analysts expect that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th will be given a dividend of $5.21 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $20.84 annualized dividend and a yield of 2.15%. BlackRock’s dividend payout ratio (DPR) is presently 50.63%.

Wall Street Analyst Weigh In

Several research firms have commented on BLK. JPMorgan Chase & Co. reduced their price objective on BlackRock from $1,046.00 to $988.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Wall Street Zen began coverage on BlackRock in a report on Friday, May 16th. They set a “hold” rating on the stock. Barclays raised their price objective on BlackRock from $950.00 to $990.00 and gave the stock an “overweight” rating in a report on Monday, April 14th. Bank of America reduced their price objective on BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Finally, TD Cowen reduced their price objective on BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $1,077.08.

Read Our Latest Research Report on BlackRock

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 430 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $949.37, for a total value of $408,229.10. Following the completion of the sale, the director now owns 3,720 shares of the company’s stock, valued at $3,531,656.40. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 12,430 shares of company stock valued at $11,237,249. 1.98% of the stock is currently owned by corporate insiders.

BlackRock Company Profile

(Free Report)

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.