New England Research & Management Inc. bought a new stake in BlackRock (NYSE:BLK – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,125 shares of the asset manager’s stock, valued at approximately $1,204,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. FAS Wealth Partners Inc. lifted its position in shares of BlackRock by 1.1% in the 2nd quarter. FAS Wealth Partners Inc. now owns 817 shares of the asset manager’s stock worth $857,000 after purchasing an additional 9 shares during the period. First Financial Bank Trust Division increased its position in shares of BlackRock by 0.5% during the third quarter. First Financial Bank Trust Division now owns 1,794 shares of the asset manager’s stock worth $2,092,000 after buying an additional 9 shares during the period. HM Payson & Co. increased its position in shares of BlackRock by 0.6% during the third quarter. HM Payson & Co. now owns 1,444 shares of the asset manager’s stock worth $1,683,000 after buying an additional 9 shares during the period. PUREfi Wealth LLC raised its stake in BlackRock by 2.0% during the third quarter. PUREfi Wealth LLC now owns 460 shares of the asset manager’s stock worth $536,000 after buying an additional 9 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. raised its stake in BlackRock by 1.1% during the second quarter. Bank of Nova Scotia Trust Co. now owns 938 shares of the asset manager’s stock worth $984,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,351.00 price target on shares of BlackRock in a research report on Friday, January 16th. BNP Paribas Exane boosted their price objective on BlackRock from $1,290.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft raised their target price on BlackRock from $1,296.00 to $1,380.00 in a research note on Thursday, January 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,313.00 target price on shares of BlackRock in a report on Tuesday, December 9th. Finally, CICC Research boosted their price target on BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,308.89.
BlackRock Stock Down 1.2%
BLK stock opened at $958.10 on Friday. The firm has a market capitalization of $149.03 billion, a PE ratio of 27.05, a P/E/G ratio of 1.22 and a beta of 1.48. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The stock’s 50 day moving average is $1,062.40 and its 200-day moving average is $1,086.77.
BlackRock (NYSE:BLK – Get Free Report) last announced 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 business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.80 billion. BlackRock had a return on equity of 14.78% and a net margin of 22.93%.BlackRock’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $11.93 earnings per share. Sell-side analysts expect that BlackRock will post 47.41 EPS for the current fiscal year.
BlackRock Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be paid a $5.73 dividend. This represents a $22.92 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. BlackRock’s dividend payout ratio (DPR) is currently 64.71%.
More BlackRock News
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock-backed staked-ETH product and related ETF flows are drawing institutional interest, which can boost fee-bearing AUM and revenue over time. Ethereum (ETH) Price Analysis: Can $385M ETF Inflows Spark a Major Rally?
- Positive Sentiment: BlackRock Canada announced March cash distributions for many iShares ETFs — a sign of ongoing product cash flows and client engagement in Canada that supports predictable ETF income and retention. BlackRock® Canada Announces March Cash Distributions for the iShares® ETFs
- Positive Sentiment: BlackRock CIO Rick Rieder publicly backed the Fed’s “patience” on rates and called recent energy-driven inflation spikes “episodic,” messaging that could calm investors and support risk assets (beneficial for asset managers’ flows). BlackRock’s Rick Rieder says Fed ‘patience’ is right call despite $820 billion market rout, oil spike
- Neutral Sentiment: Regulatory/ownership disclosure: BlackRock’s stake in Finnish drugmaker Orion dropped below 5% — a routine portfolio move that has limited direct impact on BLK but is a public holdings change. Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
- Neutral Sentiment: World Economic Forum governance changes under discussion could consolidate influence among trustees, including BlackRock CEO Larry Fink — reputational/governance risk to monitor but uncertain financial impact. World Economic Forum explores trustee shake-up after scandals
- Neutral Sentiment: Larry Fink’s comments warning AI could worsen unemployment for new graduates reinforce BlackRock’s leadership role in policy debates—important for reputation but not an immediate earnings driver. BlackRock CEO Larry Fink warns AI is creating a ‘crisis’ for Gen Z workers
- Negative Sentiment: Pomerantz launched an investor investigation into BlackRock, which raises potential litigation risk and can increase short-term share-price pressure due to uncertainty and legal costs. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlackRock, Inc. – BLK
Insider Activity
In other BlackRock news, Director Stephen Cohen sold 225 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,069.56, for a total value of $240,651.00. Following the completion of the sale, the director directly owned 5,661 shares of the company’s stock, valued at approximately $6,054,779.16. This represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Robert L. Goldstein sold 5,293 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,084.22, for a total transaction of $5,738,776.46. Following the completion of the sale, the chief operating officer owned 46,185 shares of the company’s stock, valued at approximately $50,074,700.70. This trade represents a 10.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 111,319 shares of company stock worth $123,999,249. Company insiders own 1.98% of the company’s stock.
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.
See Also
Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK – Free Report).
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