State of Michigan Retirement System Sells 600 Shares of BlackRock $BLK

State of Michigan Retirement System lessened its holdings in shares of BlackRock (NYSE:BLK) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,071 shares of the asset manager’s stock after selling 600 shares during the quarter. State of Michigan Retirement System’s holdings in BlackRock were worth $47,883,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BLK. Pacifica Partners Inc. boosted its holdings in BlackRock by 450.0% in 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 position in shares of BlackRock by 1,000.0% in the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock worth $26,000 after buying an additional 20 shares during the last quarter. Traub Capital Management LLC bought a new stake in shares of BlackRock during the 2nd quarter worth about $28,000. Whipplewood Advisors LLC boosted its stake in shares of BlackRock by 107.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after acquiring an additional 15 shares in the last quarter. Finally, Creekmur Asset Management LLC increased its holdings in shares of BlackRock by 87.5% during the 2nd quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 14 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s fixed‑income CIO Rick Rieder said emerging markets look “very attractive” as AI reshapes markets — comments that signal potential portfolio shifts and product marketing that could boost EM flows. Read More.
• Positive Sentiment: BlackRock increased an active stake in Archer Aviation (~8.1%), showing the firm is deploying capital into growth/innovative sectors — a move that highlights BlackRock’s trading and strategic investment activity beyond passive ETF management. Read More.
• Positive Sentiment: Product demand: coverage highlights demand for BlackRock fixed‑income/iShares ETFs that offer 4%+ income and growing interest in tokenized real‑world asset (RWA) products — both support fee revenue diversification. Read More.
• Positive Sentiment: RWA flows: Ondo Finance moved capital into BlackRock’s BUIDL fund, underscoring institutional appetite for tokenized treasury/RWA products that can expand BlackRock’s product suite and AUM. Read More.
• Neutral Sentiment: BlackRock notified BAWAG Group that it raised its stake above 5.8% — a passive/strategic holding that may matter for BAWAG but is unlikely to move BLK’s broad revenue picture materially. Read More.
• Negative Sentiment: IBIT experienced record daily trading ($10B) during a severe Bitcoin selloff; the ETF fell double digits on the day — extreme volatility drives trading but also price losses and short‑term outflows that can pressure fee income and sentiment around crypto products. Read More.
• Negative Sentiment: Wider crypto stress: reports show historic Bitcoin drawdown, elevated implied vol, forced liquidations and multi‑fund outflows (~$545M across U.S. spot Bitcoin ETFs), which may weigh on flows into BlackRock’s crypto product suite in the near term. Read More.

Analyst Ratings Changes

BLK has been the subject of several analyst reports. Barclays boosted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Argus boosted their price objective on shares of BlackRock from $1,165.00 to $1,330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Loop Capital set a $1,255.00 price objective on shares of BlackRock in a report on Tuesday, October 21st. Morgan Stanley lifted their target price on shares of BlackRock from $1,514.00 to $1,550.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of BlackRock from $1,310.00 to $1,340.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,311.11.

Insider Activity at BlackRock

In other news, CFO Martin Small sold 27,047 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $1,171.14, for a total transaction of $31,675,823.58. Following the sale, the chief financial officer directly owned 10,557 shares in the company, valued at approximately $12,363,724.98. The trade was a 71.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director J. Richard Kushel sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $1,125.00, for a total value of $22,500,000.00. Following the completion of the transaction, the director owned 61,894 shares of the company’s stock, valued at $69,630,750. The trade was a 24.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 48,305 shares of company stock valued at $55,488,396. Insiders own 1.98% of the company’s stock.

BlackRock Price Performance

NYSE:BLK opened at $1,055.62 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 3.33. BlackRock has a one year low of $773.74 and a one year high of $1,219.94. The company has a fifty day moving average price of $1,092.08 and a 200 day moving average price of $1,107.25. The stock has a market cap of $163.78 billion, a P/E ratio of 29.80, a PEG ratio of 1.32 and a beta of 1.47.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.55 by $0.61. The company had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.80 billion. BlackRock had a net margin of 22.93% and a return on equity of 15.14%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period last year, the business posted $11.93 EPS. Analysts anticipate that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Friday, March 6th will be paid a dividend of $5.73 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. This represents a $22.92 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, March 6th. BlackRock’s dividend payout ratio is presently 58.84%.

BlackRock 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.