First Financial Bankshares Inc Trims Position in BlackRock $BLK

First Financial Bankshares Inc trimmed its position in shares of BlackRock (NYSE:BLK) by 1.1% during the 3rd quarter, Holdings Channel reports. The firm owned 68,139 shares of the asset manager’s stock after selling 758 shares during the period. BlackRock comprises 1.6% of First Financial Bankshares Inc’s investment portfolio, making the stock its 17th biggest position. First Financial Bankshares Inc’s holdings in BlackRock were worth $79,441,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BLK. Magellan Asset Management Ltd increased its stake in BlackRock by 14.3% in the 2nd quarter. Magellan Asset Management Ltd now owns 72 shares of the asset manager’s stock worth $76,000 after buying an additional 9 shares in the last quarter. FAS Wealth Partners Inc. boosted its stake in shares of BlackRock by 1.1% in the second quarter. FAS Wealth Partners Inc. now owns 817 shares of the asset manager’s stock worth $857,000 after acquiring an additional 9 shares during the period. First Financial Bank Trust Division grew 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 purchasing an additional 9 shares in the last quarter. HM Payson & Co. raised its stake in BlackRock by 0.6% during the 3rd quarter. HM Payson & Co. now owns 1,444 shares of the asset manager’s stock valued at $1,683,000 after purchasing an additional 9 shares during the period. Finally, PUREfi Wealth LLC lifted its holdings in BlackRock by 2.0% in the 3rd quarter. PUREfi Wealth LLC now owns 460 shares of the asset manager’s stock worth $536,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Activity

In other BlackRock news, 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 value of $2,339,962.73. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Robert L. Goldstein sold 5,293 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,084.22, for a total value of $5,738,776.46. Following the completion of the sale, the chief operating officer owned 46,185 shares in the company, valued at approximately $50,074,700.70. The trade was a 10.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 109,967 shares of company stock valued at $122,487,380. Company insiders own 1.98% of the company’s stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: UBS upgraded BlackRock, which can lend near-term support to the share price by increasing buy-side demand and signaling stronger relative outlooks from a major broker. UBS upgrades BlackRock (BLK)
• Positive Sentiment: BlackRock slightly increased a major stake in Austria’s BAWAG Group, showing active portfolio positioning and willingness to upweight meaningful holdings — a signal of capital deployment and engagement that can be seen as constructive for fee-generating investment activity. BlackRock Slightly Increases Major Stake in BAWAG Group
• Positive Sentiment: Coverage on BlackRock’s planned ETHB Ethereum staking ETF highlights product innovation (staking a large portion of ETH, sharing rewards with investors) that could expand fee-bearing ETF/AUM opportunities if adoption continues. This is strategically important even if adoption timing is uncertain. BlackRock’s ETHB Ethereum Staking ETF Set to Reshape Institutional Crypto Investment
• Neutral Sentiment: BlackRock Canada announced final February cash distributions for its iShares Premium Money Market ETF — a routine payout for unitholders that has limited direct impact on BLK’s share price but underscores ongoing product operations and client flows in cash management product lines. BlackRock® Canada Announces Final February Cash Distributions for the iShares® Premium Money Market ETF
• Neutral Sentiment: Coverage that lists BlackRock in industry roundups (e.g., most-anticipated IPOs) is background-level press that doesn’t materially move the stock on its own. 3 of the Most Highly Anticipated IPOs of 2026 (BLK)
• Negative Sentiment: U.S. spot Bitcoin ETFs have seen consecutive outflows (~$4.5B in 2026 so far), which pressures crypto-related AUM and fee revenue; that trend likely weighed on sentiment given BlackRock’s active crypto ETF offerings and product development in digital-asset space. Bitcoin ETFs Bleed $4.5 Billion in 2026 So Far – Will the Outflows Continue?

Analysts Set New Price Targets

A number of brokerages have issued reports on BLK. Morgan Stanley increased their price objective on shares of BlackRock from $1,514.00 to $1,550.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Keefe, Bruyette & Woods upped 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 Tuesday, February 17th. BNP Paribas Exane lifted their price target on shares of BlackRock from $1,290.00 to $1,300.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Wall Street Zen upgraded shares of BlackRock from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Freedom Capital raised shares of BlackRock from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,311.11.

BlackRock Price Performance

BlackRock stock opened at $1,070.16 on Tuesday. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,219.94. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average is $1,093.41 and its 200 day moving average is $1,104.46. The company has a market cap of $166.04 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 1.37 and a beta of 1.47.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.55 by $0.61. BlackRock had a return on equity of 15.14% and a net margin of 22.93%.The business had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.80 billion. During the same period last year, the company earned $11.93 EPS. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. Sell-side analysts forecast that BlackRock will post 47.41 EPS for the current fiscal 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 issued a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. BlackRock’s payout ratio is currently 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.