BlackRock $BLK Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC cut its stake in BlackRock (NYSE:BLK) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,075 shares of the asset manager’s stock after selling 870 shares during the period. Modera Wealth Management LLC’s holdings in BlackRock were worth $61,090,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. raised its holdings in BlackRock by 450.0% in the third quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 18 shares in the last quarter. TruNorth Capital Management LLC increased its stake in BlackRock by 1,000.0% during the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 20 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in BlackRock during the second quarter valued at $33,000. Hopwood Financial Services Inc. increased its stake in BlackRock by 866.7% during the third quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 26 shares during the last quarter. Finally, Collier Financial bought a new stake in BlackRock during the third quarter valued at $36,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Large crypto ETF inflows signal demand for BlackRock’s digital‑asset products — US spot Bitcoin ETFs posted $471M of single‑day inflows on April 6, the biggest since February, with institutional buying led by BlackRock and Fidelity. This supports fee/AUM growth for BlackRock’s crypto offerings. Bitcoin ETFs See Strongest Single-Day Inflow Since February With $471M Surge
• Positive Sentiment: Ethereum spot ETFs also saw healthy flows — roughly $120M in daily inflows as ETH surged past $2,100, with coverage noting BlackRock leading the charge. More crypto ETF traction can translate into incremental management fees and higher AUM. Ethereum (ETH) Surges Past $2,100 as Spot ETFs Record $120M Daily Inflows
• Positive Sentiment: Product expansion: BlackRock filed to launch an iShares Nasdaq‑100 ETF (ticker IQQ), directly challenging Invesco’s QQQ. If it gains share, this ETF could capture part of the ~$400B+ Nasdaq‑100 ecosystem and boost long‑term AUM. BlackRock files to challenge Invesco’s Nasdaq 100 ETF monopoly
• Neutral Sentiment: Industry policy context: analysts are discussing a potential SEC‑driven ETF/mutual‑fund “makeover” that could reshape fund tax and distribution dynamics — a structural change that could benefit large ETF issuers like BlackRock over time but is uncertain. How the ‘Domino Effect’ from a Wonky SEC Policy Shift May Ease Capital Gains Pain
• Neutral Sentiment: Personnel movement: Aiviq named former BlackRock/Apex executive Nicholas Morse as Head of Revenue, Americas — a routine industry hire that reflects talent mobility but has minimal direct impact on BlackRock’s outlook. Aiviq Appoints Former BlackRock and Apex Executive Nicholas Morse as Head of Revenue, Americas
• Neutral Sentiment: Stake update: BlackRock trimmed its direct voting stake in Austria’s OMV below 4% — a routine portfolio/voting disclosure with limited implications for US investor sentiment. BlackRock Trimmed Direct Voting Stake in OMV Below 4%
• Negative Sentiment: Analyst pushback: Goldman Sachs lowered its price target on BLK from $1,341 to $1,181 while keeping a Buy rating — the cut reduces upside in sell‑side models and likely weighed on intraday sentiment. Goldman Sachs adjusts price target on BlackRock to $1,181 from $1,341; maintains Buy

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group upgraded shares of BlackRock from a “neutral” rating to a “buy” rating and set a $1,280.00 target price for the company in a research note on Monday, February 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $1,351.00 target price on shares of BlackRock in a research note on Friday, January 16th. TD Cowen lowered shares of BlackRock from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Barclays boosted their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, BNP Paribas Exane boosted their target price on shares of BlackRock from $1,290.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,291.44.

BlackRock Stock Down 0.7%

BlackRock stock opened at $959.36 on Tuesday. The company has a 50-day simple moving average of $1,026.23 and a 200-day simple moving average of $1,074.70. The firm has a market capitalization of $149.22 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.24 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.98 and a current ratio of 2.98. BlackRock has a one year low of $773.74 and a one year high of $1,219.94.

BlackRock (NYSE:BLK) last released 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. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.80 billion. BlackRock had a net margin of 22.93% and a return on equity of 14.78%. The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $11.93 earnings per share. As a group, equities analysts expect 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 was paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th were given a dividend of $5.73 per share. This is an increase from BlackRock’s previous quarterly dividend of $5.21. This represents a $22.92 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, March 6th. BlackRock’s payout ratio is currently 64.71%.

Insider Activity

In other news, Director J. Richard Kushel sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $1,125.00, for a total transaction of $22,500,000.00. Following the completion of the transaction, the director owned 61,894 shares in the company, valued at approximately $69,630,750. This represents a 24.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Small sold 27,047 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $1,171.14, for a total transaction of $31,675,823.58. Following the completion of the transaction, the chief financial officer owned 10,557 shares of the company’s stock, valued at $12,363,724.98. This represents a 71.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 111,319 shares of company stock worth $123,999,249 over the last ninety days. Insiders own 1.98% of the company’s stock.

BlackRock Company 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.