Provident Investment Management Inc. Sells 1,985 Shares of BlackRock $BLK

Provident Investment Management Inc. trimmed its stake in shares of BlackRock (NYSE:BLK) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,836 shares of the asset manager’s stock after selling 1,985 shares during the period. BlackRock comprises about 5.0% of Provident Investment Management Inc.’s holdings, making the stock its 6th biggest holding. Provident Investment Management Inc.’s holdings in BlackRock were worth $55,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Lingohr Asset Management GmbH acquired a new position in BlackRock in the 3rd quarter worth approximately $700,000. Ontario Teachers Pension Plan Board raised its stake in BlackRock by 6,347.9% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 42,234 shares of the asset manager’s stock valued at $49,239,000 after purchasing an additional 41,579 shares during the period. Sienna Gestion raised its stake in BlackRock by 51.5% during the 3rd quarter. Sienna Gestion now owns 22,859 shares of the asset manager’s stock valued at $24,299,000 after purchasing an additional 7,773 shares during the period. Tandem Investment Advisors Inc. purchased a new stake in shares of BlackRock in the third quarter valued at $83,247,000. Finally, Sarasin & Partners LLP boosted its position in shares of BlackRock by 10.6% in the fourth quarter. Sarasin & Partners LLP now owns 251,856 shares of the asset manager’s stock worth $269,572,000 after buying an additional 24,196 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock joined Circle’s $222 million funding round for the new Arc blockchain, reinforcing its push deeper into stablecoins, tokenization, and institutional crypto infrastructure. Circle Raises $222M From BlackRock, a16z For ‘Arc’ Blockchain
• Positive Sentiment: Yahoo Finance highlighted that BlackRock is expanding further into tokenization and stablecoin infrastructure, which could be viewed as a strategic growth theme for the asset manager. BlackRock wants to run stablecoins
• Positive Sentiment: BlackRock’s spot Bitcoin ETF, IBIT, was cited as a leader in a major wave of April crypto-ETF inflows, showing continued institutional demand for products tied to BlackRock’s platform. Bitcoin ETFs Just Had Their Biggest Buying Wave Of 2026
• Neutral Sentiment: Reports also noted BlackRock ETF comparisons such as BRHY vs. PFF, which are more informational than directly stock-moving. BRHY vs. PFF — Which High-Yield BlackRock ETF Is the Better Passive Income Pick for 2026?
• Neutral Sentiment: CEO Larry Fink’s inclusion in President Trump’s China-trip delegation is notable, but the direct impact on BlackRock’s earnings outlook is unclear. Trump invites Elon Musk, Tim Cook, Larry Fink and other CEOs to join China trip for Xi summit
• Negative Sentiment: No major BlackRock-specific negative catalyst appeared in the provided headlines; the main risk is that crypto-related developments could face regulatory or execution challenges later.

BlackRock Stock Performance

Shares of NYSE BLK opened at $1,080.56 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The business’s 50-day moving average price is $1,006.39 and its two-hundred day moving average price is $1,056.08. The company has a market capitalization of $168.07 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates of $12.40 by $0.13. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.56 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The business’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period last year, the business earned $9.64 EPS. Analysts anticipate that BlackRock will post 52.77 earnings per share for the current fiscal year.

Insider Activity at BlackRock

In other news, COO Robert L. Goldstein sold 5,293 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer owned 46,185 shares in the company, valued at approximately $50,074,700.70. This trade represents a 10.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen Cohen sold 2,179 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,073.87, for a total transaction of $2,339,962.73. Following the completion of the sale, the director owned 6,543 shares of the company’s stock, valued at $7,026,331.41. This represents a 24.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,721 shares of company stock worth $55,750,453 over the last quarter. 1.92% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BLK shares. BMO Capital Markets upped their price target on BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. The Goldman Sachs Group raised their price objective on BlackRock from $1,181.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods lifted their target price on BlackRock from $1,150.00 to $1,240.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Morgan Stanley upped their target price on BlackRock from $1,368.00 to $1,393.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, UBS Group increased their price target on shares of BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,269.06.

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.