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BlackRock (NYSE:BLK) Stock, Rapport sur les intérêts à découvert

BlackRock

BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.

BlackRock Inc

Blackbaud Inc

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

GLOBAL GAMING TECHS by Global Gaming Technologies Corp.

Global Gaming Technologies Corp

BLACKLINE SAFETY CORP by Blackline Safety Corp

Blackline Safety Corp

BLACKWELL INTELLIGNCE INC by BLACKWELL INTELLIGENCE INC

Blackwell Intelligence Inc

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hit a new all-time high of $98,310 on Thursday morning during European trading hours, he total net asset value of U.S. Bitcoin spot exchange-traded funds (ETFs) has exceeded $100 billion, a milestone achieved in just 10 months since their <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">launch in January</a>.
What Happened: Over the past three days, Bitcoin spot ETFs have seen $1.84 billion in net inflows, reflecting strong investor confidence. 
U.S.-based ETFs have contributed $29.4 billion in net flows this year, solidifying their role as a primary driver of capital into Bitcoin.
Nate Geraci, president of The ETF Store, <a href="https://x.com/NateGeraci/status/1859406924975845770">highlighted</a> on X the growing demand for spot ETFs and revealed that applications for funds linked to other digital assets, including Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), and Hedera (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/hbar/usd">HBAR</a>), are also in the pipeline.
Bitcoin reached $97,900 earlier this week before climbing to $98,310, supported by aggressive demand for long-dated call options and positive headlines about corporate adoption, according to QCP Capital.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42099670/core-fusion-upgrade-introduces-dual-staking-and-liquid-bitcoin-staking">Core Fusion Upgrade Introduces Dual Staking And Liquid Bitcoin Staking</a>
Why It Matters: Companies like MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) are fueling the bullish sentiment, with the firm raising $2.6 billion to expand its Bitcoin holdings.
MicroStrategy's market capitalization has now surpassed $100 billion, dominating U.S. trading volume on Wednesday night.
In addition, smaller firms like Acurx Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACXP#NASDAQ">ACXP</a>) are joining the trend, reportedly allocating $1 million to Bitcoin for their corporate treasuries. 
The unprecedented success of Bitcoin ETFs signals a growing mainstream acceptance of cryptocurrencies. 
BlackRock (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NASDAQ">BLK</a>) and Fidelity are among the 12 issuers contributing to the $100 billion milestone, with analysts pointing to these funds as a significant factor in Bitcoin&#8217;s recent rally.
Eric Balchunas, a senior ETF analyst at Bloomberg, noted that December 31 could be an optimal time to submit applications for new crypto ETFs, including one linked to Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>). 
Meanwhile, aggressive buying of options for March and June indicates long-term bullish sentiment among investors.
As Bitcoin approaches the $100,000 psychological milestone, the market is expected to remain buoyant, supported by easing monetary policies and <a href="https://www.benzinga.com/news/events/24/11/42078359/blackrocks-head-of-digital-assets-says-ibit-spot-bitcoin-etf-options-blow-past-1-billion-in-trading-volume">sustained institutional demand.</a>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42096519/bitcoin-to-reach-190000-this-cycle-michael-terpin-of-transform-group-says">Bitcoin To Reach $190,000 This Cycle, Michael Terpin Of Transform Ventures Says</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

$BTC

$DOGE

$HBAR

$SOL

$XRP

ACXP

MSTR

Bitcoin Hits New All-Time High Above $98,000 As Spot ETFs Crack $100 Billion Net Asset Value Milestone

Adebayo ("Bayo") Ogunlesi, Founding Partner, Chairman and Chief Executive Officer of Global Infrastructure Partners, and a Senior Managing Director at BlackRock, has been elected to BlackRock's Board of Directors.

Management

BlackRock Adds Bayo Ogunlesi To Board

<a href="https://www.benzinga.com/digital-assets/livestream" title="https://www.benzinga.com/digital-assets/livestream">https://www.benzinga.com/digital-assets/livestream</a>

Events

Exclusives

Robert Mitchnick, Head of Digital Assets, BlackRock Says We're At Such An Early Stage In The Crypto Education Journey For So Many Different Investor Types

Robert Mitchnick, Head of Digital Assets, BlackRock Says Inflows Into BlackRock's iShares Bitcoin Trust Options Was Over $1B As Of This Afternoon

Robert Mitchnick, Head of Digital Assets, BlackRock Says A Lot Of The Trends We've Seen This Year Are Probably Well-Positioned To Continue

Markets

Robert Mitchnick, Head of Digital Assets, BlackRock Says If You Look At The Trends In Bitcoin's Dominance, It's Been Pretty Staggering...It's In A Different Category Today Than The Rest Of Crypto

A renewed sense of optimism surrounds Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) adoption following a shift in the regulatory landscape, according to a note from BlackRock (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NASDAQ">BLK</a>). 
What Happened: President-elect Donald Trump&#8216;s campaign promise to maintain a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41986427/pennsylvania-introduces-bitcoin-strategic-reserve-act-to-invest-up-to-700-million-in-btc">strategic Bitcoin reserve</a>, alongside recent electoral success for <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42035953/as-congress-turns-pro-crypto-will-stablecoin-be-high-on-the-agenda">pro-crypto politicians</a>, has amplified expectations for a more supportive environment for digital assets, BlackRock told its clients
It added that these developments are expected to accelerate the mainstream adoption of Bitcoin.
"In addition to the macro environment, there is a renewed sense of optimism that regulatory clarity for Bitcoin and digital assets may emerge following the U.S. election," BlackRock stated. 
The firm highlighted that the combination of macroeconomic conditions and evolving policies could create an environment conducive to <a href="https://www.benzinga.com/24/11/42069770/us-congress-could-set-the-stage-for-broader-crypto-adoption-says-digital-asset-leader">broader adoption of cryptocurrencies</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42068806/trump-trade-still-intact-says-tom-lee-expects-market-uncertainty-to-subside-after-nvidia-earnings-treasury-sec-announcement">&#8216;Trump Trade Still Intact,&#8217; Says Tom Lee, Expects Market Uncertainty To Subside After Nvidia Earnings, Treasury Sec Announcement</a>
Macro And Market Conditions Align For Bitcoin's Appeal BlackRock emphasized that Bitcoin's distinct fundamentals, including its finite supply and independence from traditional monetary systems, make it uniquely positioned as an alternative monetary asset. 
Recent changes in real interest rates have bolstered Bitcoin's attractiveness, with rate cuts reducing the opportunity cost of holding non-interest-paying assets like <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41902155/bitcoin-to-augment-gold-as-the-next-strategic-reserve-asset-says-expert">Bitcoin and gold</a>.
"Investors may now view Bitcoin as increasingly attractive relative to other assets," the note explained, citing the potential impact of declining real interest rates on Bitcoin's valuation.
Options Trading On BlackRock's IBIT Goes Live On Nasdaq Meanwhile, adding to the optimism, options trading on BlackRock's iShares spot Bitcoin ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42071163/blackrock-spot-bitcoin-etf-options-on-nasdaq-rack-up-9-figure-trading-volume-in-first-few-hours-seems-very-bullish-says-analyst">has officially gone live on Nasdaq</a>.
This allows Wall Street investors to gain leveraged exposure to Bitcoin, opening new avenues for institutional involvement. 
The Options Clearing Corporation (OCC) recently confirmed its readiness to clear and settle these options, marking a significant step for the U.S. cryptocurrency market.
The SEC's approval of 11 Bitcoin ETFs, including BlackRock's IBIT, has further enhanced accessibility for traditional investors. 
The OCC's memo yesterday cemented the operational readiness for these instruments, beginning with IBIT. 
The development underscores growing confidence in the integration of Bitcoin into established financial markets.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42065821/lqr-house-approves-1m-bitcoin-purchase-following-microstrategys-lead-in-corporate-crypto-strategies">LQR House Approves $1M Bitcoin Purchase, Following MicroStrategy&#8217;s Lead In Corporate Crypto Strategies</a></li>
</ul>
Image: Shutterstock

IBIT

BlackRock Sees 'Renewed Sense Of Optimism' Around Bitcoin

<a href="https://www.benzinga.com/fintech-awards/livestream" title="https://www.benzinga.com/fintech-awards/livestream">https://www.benzinga.com/fintech-awards/livestream</a>
<a href="https://www.benzinga.com/fintech-awards/livestream" title="https://www.benzinga.com/fintech-awards/livestream">https://www.benzinga.com/fintech-awards/livestream</a>

Jay Jacobs, BlackRock, Says We Saw A Lot Of Infrastructure Improvement In Digital Assets Over The Last Several Years

Vivek Ramaswamy is a name making waves. Whether it's his stance against corporate "wokeness" or his <a href="https://www.benzinga.com/news/24/11/41998717/elon-musk-and-vivek-ramaswamy-are-looking-for-high-iq-small-government-revolutionaries-who-are-willing-to-put-in-80-hours-at-doge">ambitious political moves</a>, people have started paying attention to him.&nbsp;
But behind all the headlines, Ramaswamy has an intriguing story: a child of Indian immigrants who turned his biotech gamble into a billion-dollar fortune – all by age 38.
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<li><a href="https://www.benzinga.com/money/advisor-adv-warren-buffett">Warren Buffett Flipped His Neighbor's $67,000 Life Savings Into A $50 Million Fortune — This Would Be Worth Over $500 Million Today</a></li>
<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
</ul>
<h2 class="wp-block-heading">The American Dream</h2>
Born to Indian immigrant parents, Vivek Ramaswamy grew up with a strong work ethic. Forbes reports his dad worked as an engineer and patent attorney while his mom was a psychiatrist.&nbsp;
He didn't coast by in school – Ramaswamy graduated from Harvard with a biology degree and cofounded a startup that helped student founders pitch business ideas to investors. It wasn't a big moneymaker but gave him a taste of entrepreneurship.
After Harvard, Ramaswamy worked at QVT, a hedge fund specializing in pharmaceutical investments. By 28, he had become a partner, earning about $7 million.&nbsp;
Trending: Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a>
At 29, Ramaswamy took a big swing. He left his hedge fund job to found Roivant Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIV#NASDAQ">ROIV</a>), an investment company focused on rescuing abandoned drugs. His bet? That some forgotten treatments could still be worth billions.&nbsp;
He was right. Just a year after founding Roivant, one of its subsidiaries, Axovant, went public with a valuation of $2.2 billion. Ramaswamy had bought the Alzheimer's drug that Axovant was based on for only $5 million. While that drug ultimately didn't work out, it didn't stop Ramaswamy from scoring big elsewhere.
However, as Forbes writes, in 2020, a Japanese pharmaceutical company bought several of Roivant&#8217;s drugs for $3 billion. That sale alone made Ramaswamy an instant multimillionaire. By then, he'd pulled in about $260 million in salary, bonuses and capital gains from Roivant. He invested his gains wisely, mostly in stocks and bonds and riskier bets like Bitcoin, ethereum and Rumble, a YouTube competitor.
Trending: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a>
<h2 class="wp-block-heading">Fighting Wokeness</h2>
In 2021, Ramaswamy decided to switch gears. He stepped down as CEO of Roivant and focused on politics. He wrote a book called Woke, Inc., where he tore into corporate America&#8217;s focus on social justice and the environment.&nbsp;
He argued that big companies forgot about making quality products and focused too much on "good PR." The book turned heads and put Ramaswamy on the map as a vocal critic of what he called "woke capitalism."
Not long after, he launched Strive Asset Management, an "anti-woke" version of BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), one of the largest asset managers in the world. Ramaswamy's firm encouraged businesses to focus on profits, not politics.&nbsp;
Investors seemed to like it; Strive was recently valued at about $300 million. Heavy hitters like Peter Thiel, Bill Ackman and Joe Lonsdale even backed it, helping Ramaswamy grow his wealth further.
Trending: If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?
<h2 class="wp-block-heading">The Everyday Billionaire?</h2>
Ramaswamy has tried to position himself as a regular guy, unlike other wealthy figures. He's got two homes in Ohio worth $2.5 million combined, which may sound like a lot, but it&#8217;s far less than many other political figures.&nbsp;
He insists that his lifestyle is modest compared to other rich people, though he does admit to owning stakes in three private jets. "If we could buy time, we would buy time. And that's the only thing private aviation buys us. Time with family," he says.
See Also: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
During a campaign stop in New Hampshire, a woman thanked him, a billionaire, for visiting the "cow-town people." Ramaswamy smiled and said, "I'm one of you." He's not, of course – and that might be part of the appeal. People see someone who took big risks, succeeded and isn't apologizing for his wealth.
Now, Ramaswamy is stepping even deeper into public life. Recently, President-elect Donald Trump <a href="https://www.benzinga.com/partner/emerging-markets/24/11/41905647/customer-wins-fuel-triple-digit-q3-revenue-growth-for-aeva-technologies-are-more-wins-on">appointed him and Elon Musk</a> as coheads of the Department of Government Efficiency (DOGE), a new initiative to cut government waste and slash regulations.
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<li>Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on how on what&#8217;s behind this formula.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">You can still get 4,000 of its pre-IPO shares for with $1,000 for just $0.25/share</a></li>
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Startups

ROIV

'I'm One Of You' – How 'Anti-Woke' Warrior Vivek Ramaswamy Became A Billionaire At Only 38

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said he has been behind Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) for a long time. He added, &#8220;This stock has now had a major move at last, and it's not done.&#8221;
On Nov. 7, Block reported worse-than-expected third-quarter revenue results.
Cramer said although Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) is &#8220;very good,&#8221; but BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is better than it.
On Oct. 23, Northern Trust reported better-than-expected third-quarter financial results.
Dow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) is &#8220;very hard to own here,&#8221; Cramer said. &#8220;Dow has to do an upside surprise.&#8221;
On Nov. 8, Piper Sandler analyst Charles Neivert maintained Dow with an Overweight and lowered the price target from $62 to $60.
Super Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) finally &#8220;broke out,&#8221; the Mad Money host said.
On Nov. 6, Super Group posted third-quarter revenue of €402.9 million and profit of €8.5 million.
Cramer said Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) is a &#8220;quality operator.&#8221;
On Oct. 30, Sprouts Farmers Market reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance above estimates.
Price Action:
<ul>
<li>Block shares rose 1.1% to settle at $84.30 on Friday.</li>
<li>Northern Trust shares gained 1.6% to close at $107.60.</li>
<li>Dow shares fell 1.2% to settle at $44.04 during the session.</li>
<li>Super Group shares gained 1% to close at $5.32 on Friday.</li>
<li>Sprouts Farmers Market shares gained 0.1% to settle at $142.00 during the session.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/11/42024062/how-to-earn-500-a-month-from-apple-stock">How To Earn $500 A Month From Apple Stock</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

Trading Ideas

NTRS

SGHC

Jim Cramer: Super Group Finally 'Broke Out,' This Basic Materials Stock Is 'Very Hard To Own Here'

Marketing influence and entertainment narratives have emerged as the most powerful drivers of asset success in <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42001564/bitcoin-is-like-gunpowder-and-that-is-why-sovereign-states-cant-refuse-its-adoption-says-crypto-analyst">the cryptocurrency market</a>, beating out traditional financial metrics like intrinsic value or cash flow.
This shift, noted in a recent 10x Research report, shows why protocols with outspoken founders and strong marketing personas have thrived.
What Happened: The report highlights that assets such as Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), heavily influenced by Elon Musk and his media visibility, have outperformed more subdued competitors like Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which saw only a 6% gain over the past week compared to Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) 16% rise and SUI's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SUI</a>) 46% surge. 
Analysts point out that this dynamic has fundamentally reshaped how cryptocurrency gains momentum.
&#8220;Crypto success is often driven by narrative and momentum,&#8221; the report states, emphasizing that media-driven assets can sustain excitement and demand. 
For instance, SUI, led by a high-profile media figure, added $4 billion in market capitalization since the election, outperforming rivals with no major protocol advancements.
The influence of alternative media and high-profile endorsements was also evident in Dogecoin's trading activity. 
Post-election, Dogecoin recorded $18 billion in trading volume, nearly 33% of its $55 billion market cap—outpacing traditional equities like Apple and Tesla in relative terms.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/news/legal/24/11/41996491/18-republican-states-sue-bidens-sec-over-harsh-crypto-crackdown">18 Republican States Sue Biden&#8217;s SEC Over Harsh Crypto Crackdown</a>
This phenomenon aligns with the Veblen effect, a theory where higher prices create greater demand. 
Figures like MicroStrategy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) Michael Saylor, BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NASDAQ">BLK</a>) Larry Fink, and former President Donald Trump, once skeptical of Bitcoin, embraced it as prices surged. 
The report asserts that new capital flows not because an asset appears undervalued but because it demonstrates growth potential and market strength.
As the market navigates this narrative-driven phase, investors are encouraged to reassess their portfolios. 
The report stresses the importance of capitalizing on momentum and adjusting holdings strategically to prioritize high-performing assets while sidelining weaker contenders.
For insights into how the crypto market's dynamics are evolving and what lies ahead for digital assets, tune into Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41993524/gary-gensler-hints-at-ending-his-stint-as-sec-chair-defends-crypto-regulation-agenda">Gary Gensler Hints At Ending His Stint As SEC Chair, Defends Crypto Regulation Agenda</a></li>
</ul>
Image: Shutterstock

$ETH

$SUI

Bitcoin, Dogecoin Success Driven By 'Narrative And Momentum,' Report Argues

A new 13F filing from Viking Fund Management reveals which companies the fund bought and sold in the third quarter, including exiting some oil companies ahead of the 2024 election.
Third Quarter Exits: Viking Fund Management sold out of eight stocks completely in the third quarter, including positions in some of the largest oil companies.
Here are the positions exited, as <a href="https://13f.info/13f/000116906924000080/compare/000116906924000006">reported </a>by 13finfo:
<ul>
<li>Marathon Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</li>
<li>Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>)</li>
<li>SM Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>)</li>
<li>Southern Copper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>)</li>
<li>Sociedad Quimica y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>)</li>
<li>Murphy USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUSA#NYSE">MUSA</a>)</li>
<li>Sanofi SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NYSE">SNY</a>)</li>
<li>Cactus Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHD#NYSE">WHD</a>)</li>
</ul>
Third Quarter New Positions: The following were the new stocks added to the fund in the third quarter, ranked in size by the dollar value at the end of the quarter.
<ul>
<li>Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>)</li>
<li>EQT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>)</li>
<li>HF Sinclair Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DINO#NYSE">DINO</a>)</li>
<li>Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>)</li>
<li>NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</li>
<li>Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>)</li>
<li>Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>)</li>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>)</li>
<li>Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>)</li>
<li>Portland General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>)</li>
<li>Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>)</li>
<li>Nutrien (NTR.TO – Canada)</li>
</ul>
 Big Moves: The fund made several changes to its existing positions alongside the new positions and exited positions.
Here are the biggest additions in the quarter to existing stakes:
<ul>
<li>Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>): +16,900%</li>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>): +882%</li>
<li>LyondellBassell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>): +400%</li>
<li>Rio Tinto PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>): +386%</li>
<li>Dow Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>): +200%</li>
</ul>
Here are the biggest position cuts during the quarter to existing stakes:
<ul>
<li>Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>): -60%</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): -50%</li>
<li>Haliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>): -40%</li>
<li>ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>): -36%</li>
<li>Ovintiv (OVV.TO – Canada): -33%</li>
</ul>
Why It's Important: At the end of the quarter, these are the fund's largest positions ranked by dollar value and the percentage they make up of the fund:
<ul>
<li>Broadcom: $27.96 million, 4.5%</li>
<li>AbbVie Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>): $24.88 million, 4.0%</li>
<li>NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>): $22.65 million, 3.7%</li>
<li>Entergy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>): $16.27 million, 2.6%</li>
<li>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>): $14.24 million, 2.3%</li>
</ul>
The fund added significantly to its position in Broadcom, which remains the largest holding.
The quarter saw the sale of several oil stocks, but the fund opened new positions in several energy names in the quarter.
Photo: Shutterstock

ABBV

AVGO

CIVI

DINO

GTLS

MUSA

SCCO

SHEL

TSLA

WFRD

Viking Fund Management Sells Big Oil Stocks In Q3, Cuts Tesla Position In Half, Adds To Largest Position Broadcom

Deutsche Bank analyst Brian Bedell maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Buy and raises the price target from $1105 to $1133.

Price Target

Analyst Ratings

Deutsche Bank Maintains Buy on BlackRock, Raises Price Target to $1133

BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), the world&#8217;s largest asset manager, is reportedly in preliminary discussions to acquire an equity stake in Millennium Management, one of the leading hedge fund managers.
What Happened: BlackRock is considering a strategic partnership with Millennium Management, the Financial Times <a href="https://www.ft.com/content/c811be5f-73aa-4565-8901-f0eacdbad0bc">reported</a>, citing sources familiar with the matter. 
This potential deal would mark the first time in Millennium&#8217;s 35-year history that its founder, Izzy Englander, has accepted external investment in the management company.
Although the size of the equity stake is expected to be modest, the move underscores BlackRock&#8217;s ambitions to expand into alternative investments. The talks are still in the early stages and may not result in a deal, the sources said.
Both BlackRock and Millennium did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41798981/jim-cramer-calls-trumps-return-to-white-house-a-huge-win-for-the-stock-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Calls Trump&#8217;s Return To White House A &#8216;Huge Win For The Stock Market&#8217;</a>
Why It Matters: BlackRock&#8217;s interest in Millennium comes amid its broader push into the alternative investments sector, which carries higher fees than traditional investment funds. Earlier in the year, BlackRock made significant acquisitions in this space, including Global Infrastructure Partners and Preqin, according to the report.
BlackRock&#8217;s CEO Larry Fink has been vocal about the potential of <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41323418/blackrock-ceo-larry-fink-says-bitcoin-other-cryptos-have-bright-future-regardless-of-wheth">alternative investments and the need for diversification</a>. 
Meanwhile, Millennium Management has been exploring various options for strategic partnerships and external investments. Last month, the hedge fund manager was in talks to invest billions with Schonfeld Strategic Advisors, but the discussions were called off.
Despite the interest from various parties, Englander, the founder of Millennium, has maintained 100% ownership of the company, according to the report. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41764063/dogecoin-powers-to-7-month-high-as-investors-anticipate-musk-headed-doge-department-under-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Powers To 7-Month High As Investors Anticipate Musk-Headed DOGE Department Under Trump</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Blackrock In Early Talks To Take Equity Stake In Hedge Fund Giant Millennium: Report

Investors with a lot of money to spend have taken a bearish stance on BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BLK, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for BlackRock.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 50%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $88,735, and 5 are calls, for a total amount of $747,184.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $470.0 to $1100.0 for BlackRock during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for BlackRock's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across BlackRock's significant trades, within a strike price range of $470.0 to $1100.0, over the past month.
<h3>BlackRock 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731007893_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$586.0</td>
<td>$579.0</td>
<td>$581.38</td>
<td>$470.00</td>
<td>$465.1K</td>
<td align="right">9</td>
<td align="right">8</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$202.6</td>
<td>$184.3</td>
<td>$192.0</td>
<td>$990.00</td>
<td>$134.4K</td>
<td align="right">7</td>
<td align="right">0</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$37.1</td>
<td>$30.6</td>
<td>$33.8</td>
<td>$1010.00</td>
<td>$67.6K</td>
<td align="right">106</td>
<td align="right">20</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$265.6</td>
<td>$258.5</td>
<td>$259.9</td>
<td>$800.00</td>
<td>$51.9K</td>
<td align="right">0</td>
<td align="right">2</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$45.1</td>
<td>$44.4</td>
<td>$45.1</td>
<td>$1050.00</td>
<td>$31.5K</td>
<td align="right">17</td>
<td align="right">7</td>
</tr>
</tbody>
</table>

<h3>About BlackRock</h3>
BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.
<h3>Current Position of BlackRock</h3>
<ul>
<li>With a trading volume of 270,360, the price of BLK is up by 0.82%, reaching $1038.21.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 64 days from now.</li>
</ul>
<h3>Expert Opinions on BlackRock</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $1052.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on BlackRock with a target price of $1077. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on BlackRock, maintaining a target price of $1070. 
&#x2A; An analyst from JP Morgan has decided to maintain their Neutral rating on BlackRock, which currently sits at a price target of $914. 
&#x2A; An analyst from Evercore ISI Group persists with their Outperform rating on BlackRock, maintaining a target price of $1160. 
&#x2A; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on BlackRock with a target price of $1040. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for BlackRock, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

This Is What Whales Are Betting On BlackRock

Evercore ISI Group analyst Glenn Schorr maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Outperform and raises the price target from $1040 to $1160.

Evercore ISI Group Maintains Outperform on BlackRock, Raises Price Target to $1160

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$250.00</td>
<td>$107.0K</td>
<td>4.1K</td>
<td>12.4K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$72.50</td>
<td>$98.4K</td>
<td>3.7K</td>
<td>7.4K</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$180.00</td>
<td>$1.4 million</td>
<td>654</td>
<td>5.5K</td>
</tr>
<tr>
<td>MS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$135.00</td>
<td>$70.0K</td>
<td>10</td>
<td>3.2K</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$29.00</td>
<td>$29.9K</td>
<td>233</td>
<td>2.1K</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$100.00</td>
<td>$131.5K</td>
<td>3.4K</td>
<td>260</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1000.00</td>
<td>$407.5K</td>
<td>4</td>
<td>100</td>
</tr>
<tr>
<td>RJF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$170.00</td>
<td>$40.0K</td>
<td>16</td>
<td>100</td>
</tr>
<tr>
<td>TFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$35.00</td>
<td>$94.5K</td>
<td>2.0K</td>
<td>80</td>
</tr>
<tr>
<td>MA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$500.00</td>
<td>$34.7K</td>
<td>1.6K</td>
<td>31</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on November 8, 2024. Parties traded 214 contract(s) at a $250.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $107.0K, with a price of $500.0 per contract. There were 4138 open contracts at this strike prior to today, and today 12429 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bullish sentiment. It expires in 44 day(s) on December 20, 2024. Parties traded 639 contract(s) at a $72.50 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $98.4K, with a price of $154.0 per contract. There were 3795 open contracts at this strike prior to today, and today 7475 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a call option sweep that happens to be bullish, expiring in 135 day(s) on March 21, 2025. This event was a transfer of 1240 contract(s) at a $180.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $1.4 million, with a price of $1150.0 per contract. There were 654 open contracts at this strike prior to today, and today 5551 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a put option sweep that happens to be bullish, expiring in 72 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $135.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $70.0K, with a price of $700.0 per contract. There were 10 open contracts at this strike prior to today, and today 3256 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a put option sweep with bearish sentiment. It expires in 72 day(s) on January 17, 2025. Parties traded 113 contract(s) at a $29.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $29.9K, with a price of $265.0 per contract. There were 233 open contracts at this strike prior to today, and today 2178 contract(s) were bought and sold. 
• For KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we notice a call option sweep that happens to be bearish, expiring in 317 day(s) on September 19, 2025. This event was a transfer of 23 contract(s) at a $100.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $131.5K, with a price of $5720.0 per contract. There were 3464 open contracts at this strike prior to today, and today 260 contract(s) were bought and sold. 
• Regarding BLK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), we observe a put option trade with bearish sentiment. It expires in 436 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $1000.00 strike. The total cost received by the writing party (or parties) was $407.5K, with a price of $8150.0 per contract. There were 4 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• Regarding RJF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), we observe a call option trade with bearish sentiment. It expires in 191 day(s) on May 16, 2025. Parties traded 50 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $800.0 per contract. There were 16 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For TFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), we notice a call option trade that happens to be bullish, expiring in 226 day(s) on June 20, 2025. This event was a transfer of 80 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $94.5K, with a price of $1182.0 per contract. There were 2070 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold. 
• Regarding MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we observe a call option trade with bearish sentiment. It expires in 72 day(s) on January 17, 2025. Parties traded 11 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $34.7K, with a price of $3162.0 per contract. There were 1606 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COIN

HOOD

10 Financials Stocks With Whale Alerts In Today's Session

Whales with a lot of money to spend have taken a noticeably bearish stance on BlackRock.
Looking at options history for BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $298,011 and 11, calls, for a total amount of $433,330.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $800.0 to $1055.0 for BlackRock during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of BlackRock stands at 58.7, with a total volume reaching 210.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in BlackRock, situated within the strike price corridor from $800.0 to $1055.0, throughout the last 30 days.
<h3>BlackRock Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730912442_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$50.6</td>
<td>$46.7</td>
<td>$47.7</td>
<td>$1000.00</td>
<td>$186.0K</td>
<td style="text-align: right;">37</td>
<td style="text-align: right;">39</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$279.8</td>
<td>$276.3</td>
<td>$276.88</td>
<td>$820.00</td>
<td>$110.7K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$57.1</td>
<td>$56.5</td>
<td>$57.1</td>
<td>$1020.00</td>
<td>$68.5K</td>
<td style="text-align: right;">28</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$57.0</td>
<td>$53.0</td>
<td>$53.0</td>
<td>$980.00</td>
<td>$53.0K</td>
<td style="text-align: right;">202</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$96.0</td>
<td>$90.1</td>
<td>$90.1</td>
<td>$950.00</td>
<td>$45.0K</td>
<td style="text-align: right;">90</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About BlackRock</h3>
BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.
Having examined the options trading patterns of BlackRock, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>BlackRock's Current Market Status</h3>
<ul>
<li>With a trading volume of 587,223, the price of BLK is down by -0.23%, reaching $1012.03.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 65 days from now.</li>
</ul>
<h3>What Analysts Are Saying About BlackRock</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $1044.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from JP Morgan persists with their Neutral rating on BlackRock, maintaining a target price of $914. 
&#x2A; An analyst from TD Cowen persists with their Buy rating on BlackRock, maintaining a target price of $1077. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their Outperform rating on BlackRock, which currently sits at a price target of $1040. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for BlackRock, targeting a price of $1070. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on BlackRock, which currently sits at a price target of $1120. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for BlackRock, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at BlackRock's Options Market Dynamics

In a bold but unsurprising move, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) CEO Michael Saylor said the company would advocate for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a treasury reserve asset across global finance.
What Happened: During the company&#8217;s third-quarter earnings call Tuesday, Saylor voiced his conviction in Bitcoin&#8217;s potential to rectify the unhealthy balance sheets of both public and private enterprises.
&#8220;Bitcoin fixes the balance sheet. It&#8217;ll bring your stock back to life. It&#8217;ll bring your options back to life. It&#8217;ll bring volatility,&#8221; Saylor stated.
Saylor said he regularly speaks with executives of public and private companies and highlighted initiatives like &#8220;Bitcoin For Corporations,&#8221; which provide expert advice on the benefits of Bitcoin adoption.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41645548/coinbase-on-following-microstrategys-bitcoin-playbook-looking-for-opportunities-says-cfo-b">Coinbase On Following MicroStrategy&#8217;s Bitcoin Playbook: Looking For &#8216;Opportunities,&#8217; Says CFO, But Highlights Key Difference Between The Two Companies</a>
&#8220;So unlike a lot of industries where you don&#8217;t want competitors in our business, we&#8217;re happy to share the playbook. We&#8217;re happy to advocate. We&#8217;ll show you how to do it,&#8221; MicroStrategy&#8217;s top executive remarked.
Why It Matters: MicroStrategy released its third-quarter financials on Tuesday, revealing a robust Bitcoin investment strategy.
The company said it purchased 25,889 BTCs in the quarter for approximately $1.6 billion at an average price of $60,839, taking its overall stash to 252,220, worth $18.23 billion. 
At an average acquisition price of $9.904 billion, MicroStrategy was up nearly $8.3 billion in profit on its Bitcoin investments.
MicroStrategy also announced that it would raise $42 billion over the next three years through equity and debt financing to buy more Bitcoin. 
In August 2020, MicroStrategy became<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41645548/coinbase-on-following-microstrategys-bitcoin-playbook-looking-for-opportunities-says-cfo-b"> the first publicly traded company to acquire and hold Bitcoin</a> on its balance sheet as a primary treasury reserve asset.
Since then, it has gained 1989% in value, surpassing some of the biggest names on Wall Street, including artificial intelligence darling Nvidia. 
Interestingly, the company&#8217;s stock has also outperformed Bitcoin, with the leading cryptocurrency gaining just 508% in the said period.
That said, the company&#8217;s net loss widened to $340 million, compared with a loss of $143.4 million in the same quarter last year.
Price Action: At the time of writing, Bitcoin was exchanging hands at $72,173.91, down 0.40% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;Shares of MicroStrategy closed 4.23% lower at $247.31 during Tuesday&#8217;s regular session. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41629253/satoshi-nakamoto-could-soon-be-surpassed-by-blackrock-grayscale-as-top-bitcoin-holder">Satoshi Nakamoto Could Soon Be Surpassed By BlackRock, Grayscale As Top Bitcoin Holder</a></li>
</ul>
Image: Master Tux from Pixabay

General

MSFT

Michael Saylor Says Bitcoin Remedy To Fix Unhealthy Balance Sheets As MicroStrategy Unveils Massive $42B BTC Purchase Plan

<a href="https://www.bloomberg.com/news/articles/2024-10-29/blackrock-talks-to-buy-private-credit-firm-hps-said-to-advance">https://www.bloomberg.com/news/articles/2024-10-29/blackrock-talks-to-buy-private-credit-firm-hps-said-to-advance</a>
&nbsp;
BlackRock Inc. is in advanced talks to buy HPS Investment Partners, emerging as the only suitor in active talks with the firm as the world's largest asset manager seeks to compete in the fast-growing private credit industry.

Reported October 29, 2024, 'BlackRock Talks to Buy Private-Credit Firm HPS Advance' - Bloomberg News

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Overweight-rated Financial stocks, as group's outlook looks attractive - MS

Options trading on spot Bitcoin ($BTC) exchange-traded funds (ETFs) could begin as soon as today (November 19), according to the Nasdaq ($NDAQ) exc...

Bitcoin ETF Options To Start Trading

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Bitcoin scales another all-time high in wake of IBIT options debut

BlackRock declares $5.10 dividend

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Press Releases

GeoWealth Partners with iCapital® to Enable BlackRock's Custom Models Featuring Private Assets in Unified Managed Accounts

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Dividends

BlackRock® Canada Announces November Cash Distributions for the iShares® ETFs and Reinvested Distributions for the iShares Canadian Real Return Bond Index ETF

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BlackRock® Canada Announces Estimated 2024 Annual Reinvested Capital Gains Distributions for the iShares® ETFs

BlackRock® Canada Announces Final November Cash Distributions for the iShares® Premium Money Market ETF

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