BlackRock $BLK Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its position in BlackRock (NYSE:BLK) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,578 shares of the asset manager’s stock after selling 1,296 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of BlackRock worth $137,081,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BLK. Pacifica Partners Inc. lifted its position in shares of BlackRock by 450.0% during the third quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after purchasing an additional 18 shares in the last quarter. TruNorth Capital Management LLC lifted its holdings in BlackRock by 1,000.0% during the 3rd quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock worth $26,000 after buying an additional 20 shares in the last quarter. Garde Capital Inc. boosted its position in BlackRock by 200.0% in the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after buying an additional 18 shares during the period. Traub Capital Management LLC acquired a new position in shares of BlackRock in the second quarter worth $28,000. Finally, Whipplewood Advisors LLC increased its position in shares of BlackRock by 107.1% during the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after acquiring an additional 15 shares during the period. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Stock Performance

Shares of BLK opened at $1,085.06 on Friday. The stock has a market capitalization of $168.35 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.33 and a current ratio of 3.33. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,219.94. The company’s fifty day moving average is $1,067.10 and its two-hundred day moving average is $1,102.31.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.78 by ($0.23). BlackRock had a return on equity of 14.80% and a net margin of 26.64%.The business had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.22 billion. During the same quarter in the previous year, the company posted $11.46 EPS. The company’s revenue was up 25.2% compared to the same quarter last year. On average, sell-side analysts predict that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 5th were issued a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, December 5th. BlackRock’s payout ratio is 53.59%.

Wall Street Analyst Weigh In

BLK has been the subject of several analyst reports. Wall Street Zen cut BlackRock from a “hold” rating to a “sell” rating in a research note on Monday, January 5th. Morgan Stanley boosted their price objective on BlackRock from $1,486.00 to $1,514.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Jefferies Financial Group upped their target price on shares of BlackRock from $1,196.00 to $1,325.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Citigroup lifted their price target on shares of BlackRock from $1,200.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, Argus raised their price objective on shares of BlackRock from $1,165.00 to $1,330.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, BlackRock has an average rating of “Moderate Buy” and an average target price of $1,313.12.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock and others see a big potential expansion in retail access to crypto, which supports future ETF/net‑new‑asset upside if Main Street demand grows. BlackRock predicts major shift in retail investors’ access to cryptocurrencies
• Positive Sentiment: Tokenization adoption: Jupiter launched JupUSD with reserves tied to BlackRock’s tokenized BUIDL fund — a sign BlackRock-backed institutional assets are being used in on‑chain products, which could broaden distribution and fees long term. Jupiter Exchange Launches JupUSD Stablecoin with BlackRock-Backed Reserves
• Positive Sentiment: Company clarification: BlackRock publicly reiterated it does not buy single‑family homes after a Trump proposal sparked market confusion — the clarification reduces an ongoing reputational/regulatory overhang for the firm. EXCLUSIVE: BlackRock Says It Does Not Buy Single-Family Homes After Trump Proposal
• Neutral Sentiment: Governance/leadership attention: BlackRock’s Rick Rieder was asked about being on a short list for Fed Chair — raises headlines but uncertain impact on firm fundamentals; investors may watch for potential conflicts or time distractions if the story develops. BlackRock’s Rieder Reacts to Being Considered for Fed Chair
• Neutral Sentiment: BlackRock crypto leadership: senior ETF executives said it’s still “very early days” for Bitcoin/Ethereum adoption — tempered optimism that supports a measured, long‑run view on crypto AUM. BlackRock ETF Chief Says ‘Still Very Early Days’ For Bitcoin, Ethereum
• Neutral Sentiment: Minor ownership update: BlackRock reduced its stake in Finland’s Orion below the 5% disclosure threshold — routine portfolio move, limited impact on BLK fundamentals. Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
• Negative Sentiment: Large crypto flows/signals: multiple outlets reported BlackRock moved sizable BTC/ETH to Coinbase Prime (and some headlines framed it as “dumping” ~$276M BTC and ~$83M ETH), which can spook investors about crypto exposure and short‑term ETF flows. BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime
• Negative Sentiment: Policy/politics ripple: Trump’s housing proposal triggered market confusion and a selloff in some real‑estate/asset‑manager stocks (and headlines conflating BlackRock/Blackstone amplified volatility), pressuring sentiment toward BLK. Trump Targets Wall Street Homebuyers: Why BlackRock, Blackstone Are Feeling The Heat
• Negative Sentiment: Analyst tweak: Keefe, Bruyette & Woods trimmed BLK’s price target slightly (still an outperform rating) — a modest headwind for sentiment. Keefe, Bruyette & Woods lowers price target on BlackRock

Insiders Place Their Bets

In other news, Director Rachel Lord sold 12,000 shares of BlackRock stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the completion of the sale, the director directly owned 7,205 shares in the company, valued at $8,394,113.20. The trade was a 62.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin Small sold 1,258 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $1,043.38, for a total transaction of $1,312,572.04. Following the transaction, the chief financial officer directly owned 6,209 shares in the company, valued at $6,478,346.42. The trade was a 16.85% decrease in their position. The SEC filing for this sale provides additional information. 1.98% of the stock is owned by company insiders.

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.