Fred Alger Management LLC Has $13.21 Million Holdings in BlackRock $BLK

Fred Alger Management LLC cut its position in shares of BlackRock (NYSE:BLK) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,332 shares of the asset manager’s stock after selling 693 shares during the period. Fred Alger Management LLC’s holdings in BlackRock were worth $13,212,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of BlackRock in the 2nd quarter valued at $2,644,007,000. Laurel Wealth Advisors LLC increased its position in BlackRock by 105,267.4% during the second quarter. Laurel Wealth Advisors LLC now owns 1,705,899 shares of the asset manager’s stock worth $1,789,915,000 after buying an additional 1,704,280 shares during the last quarter. Franklin Resources Inc. raised its holdings in BlackRock by 72.5% during the second quarter. Franklin Resources Inc. now owns 2,005,358 shares of the asset manager’s stock valued at $2,104,122,000 after buying an additional 842,901 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in BlackRock by 1,962.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 792,494 shares of the asset manager’s stock valued at $831,524,000 after buying an additional 754,060 shares in the last quarter. Finally, Viking Global Investors LP lifted its position in shares of BlackRock by 217.5% in the third quarter. Viking Global Investors LP now owns 619,492 shares of the asset manager’s stock worth $722,247,000 after buying an additional 424,388 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In other BlackRock news, COO Robert L. Goldstein sold 54,190 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $1,087.29, for a total value of $58,920,245.10. Following the completion of the sale, the chief operating officer directly owned 51,478 shares of the company’s stock, valued at $55,971,514.62. This represents a 51.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director J. Richard Kushel sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $1,125.00, for a total transaction of $22,500,000.00. Following the completion of the sale, the director owned 61,894 shares in the company, valued at $69,630,750. This represents a 24.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 111,319 shares of company stock valued at $123,999,249 in the last 90 days. 1.98% of the stock is owned by company insiders.

BlackRock Price Performance

Shares of NYSE:BLK opened at $943.30 on Tuesday. The company has a market cap of $146.72 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.18 and a beta of 1.48. The business has a 50 day moving average price of $1,072.23 and a 200 day moving average price of $1,090.91. 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.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, topping the consensus estimate of $12.55 by $0.61. BlackRock had a return on equity of 14.78% and a net margin of 22.93%.The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same period in the previous year, the business posted $11.93 EPS. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. Research analysts predict that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Friday, March 6th will be given a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a yield of 2.4%. This is an increase from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date of this dividend is Friday, March 6th. BlackRock’s payout ratio is presently 64.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on BlackRock from $1,296.00 to $1,380.00 in a report on Thursday, January 15th. Freedom Capital upgraded BlackRock from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Evercore decreased their target price on BlackRock from $1,275.00 to $1,235.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Morgan Stanley lifted their price target on shares of BlackRock from $1,514.00 to $1,550.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $1,313.00 price objective on shares of BlackRock in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,308.89.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock launched a new Ethereum ETF (iShares Staked Ethereum Trust, ETHB) that offers staking rewards, a product move likely to attract crypto‑interested AUM and fee revenue. BlackRock launches new ethereum ETF packed with staking rewards
• Positive Sentiment: Cryptos (Bitcoin and Ether) are rising and ETF inflows into crypto products are increasing — a tailwind for BlackRock’s digital assets business and its new crypto ETFs. Bitcoin touches a six-week high as investors pour into ETFs
• Positive Sentiment: Reporting shows BlackRock among the largest public holders of Bitcoin alongside Coinbase and others, reinforcing its role in crypto custody/ETF flows. That positioning supports revenue growth in digital asset products. Strategy Now Among Top 4 Bitcoin Holders, Alongside Satoshi, CoinBase and BlackRock
• Positive Sentiment: BlackRock increased its stake in Rentokil Initial above 12% (disclosed), showing active portfolio moves and signaling the firm’s large-scale equity allocations. Rentokil Initial Discloses Increase in BlackRock Stake Above 12%
• Neutral Sentiment: Headline coverage notes BLK outpaced the broader market today — a descriptive take that reflects the intraday move rather than new company fundamentals. Why BlackRock (BLK) Outpaced the Stock Market Today
• Neutral Sentiment: BlackRock warns in research that Treasuries and government bonds face further selling amid inflation pressures (AI chip demand, oil, military spending) — a market view that may influence client positioning but is not an immediate company credit issue. Treasuries and Other Government Bonds Will Keep Selling Off, BlackRock Says. These Risks Are Lurking.
• Negative Sentiment: Private‑credit stress: multiple reports flag investor redemptions and a potential exit wave from private credit funds (spillover from Blue Owl) — a clear risk for BlackRock’s private credit exposure and related fee/AUM stability. The private credit collapse spreads from Blue Owl to BlackRock Wall Street Lunch: Private Credit Funds Face $10B Investor Exit Wave

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.