BlackRock $BLK Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in shares of BlackRock (NYSE:BLK) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,514 shares of the asset manager’s stock after buying an additional 2,163 shares during the period. State of New Jersey Common Pension Fund D’s holdings in BlackRock were worth $60,059,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of BlackRock in the 2nd quarter valued at approximately $2,644,007,000. Laurel Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 1,704,280 shares in the last quarter. Franklin Resources Inc. increased its holdings in BlackRock by 72.5% in 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 during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in BlackRock by 1,962.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 792,494 shares of the asset manager’s stock worth $831,524,000 after buying an additional 754,060 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of BlackRock by 29,043.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 245,094 shares of the asset manager’s stock valued at $285,748,000 after acquiring an additional 244,253 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BLK shares. CICC Research increased their price target on shares of BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. BMO Capital Markets lowered their target price on shares of BlackRock from $1,300.00 to $1,250.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Keefe, Bruyette & Woods lifted their price target on shares of BlackRock from $1,310.00 to $1,340.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BlackRock from $1,296.00 to $1,380.00 in a research report on Thursday, January 15th. Finally, Evercore dropped their price objective on BlackRock from $1,300.00 to $1,275.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, BlackRock currently has a consensus rating of “Moderate Buy” and an average target price of $1,311.11.

Insider Buying and Selling

In related news, 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 transaction, the chief operating officer directly owned 46,185 shares of the company’s stock, valued at $50,074,700.70. This represents a 10.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen Cohen sold 2,179 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,073.87, for a total value of $2,339,962.73. Following the completion of the sale, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold 109,967 shares of company stock worth $122,487,380 over the last three months. 1.98% of the stock is owned by company insiders.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock formally expanded into DeFi by listing its tokenized Treasury fund (BUIDL) on Uniswap and enabling on‑chain trading — a strategic move that broadens distribution channels for BlackRock’s digital‑asset products and could support future fee/AUM growth. Read More.
• Positive Sentiment: Income and earnings fundamentals: company reporting and corporate actions (recent EPS beat and an increased quarterly dividend to $5.73) provide support for income‑oriented investors and justify parts of the stock’s elevated multiple. Read More.
• Neutral Sentiment: 13F / portfolio moves: recent SEC filings show large BlackRock fund repositioning (additions to IVV, MSFT, GOOGL, AMZN and new sizable positions in tickers like Q, SOLS, LXP) — signals scale and active management but are informational about fund flows rather than an immediate BLK earnings driver. Read More.
• Neutral Sentiment: Routine ownership disclosures: filings around a ~5% voting stake in BAWAG Group were posted — standard large‑investor activity with limited direct impact on BlackRock’s core management fees. Read More.
• Negative Sentiment: Insider selling: COO Robert Goldstein executed sizeable open‑market sales (Feb. 10–11; Form 4 filed). Large insider sales can weigh on near‑term sentiment even when they’re for diversification or tax planning. Read More.
• Negative Sentiment: Reported private‑credit loss: a WSJ report about a ~$400M loss linked to fake invoices in a BlackRock unit highlights execution and due‑diligence risk in private markets and can pressure the multiple investors assign to alternatives. Read More.
• Negative Sentiment: Crypto headwinds: weakening crypto prices, ETF outflows and reports that some BlackRock crypto portfolios have trimmed BTC/ETH exposure could limit near‑term AUM and fee growth from digital‑asset offerings despite the Uniswap announcement. Read More.

BlackRock Trading Up 1.5%

NYSE BLK opened at $1,071.59 on Friday. The firm’s fifty day moving average is $1,093.52 and its two-hundred day moving average is $1,105.72. BlackRock has a one year low of $773.74 and a one year high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.33 and a current ratio of 3.33. The firm has a market cap of $166.26 billion, a PE ratio of 30.25, a P/E/G ratio of 1.34 and a beta of 1.47.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.55 by $0.61. The firm had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.80 billion. BlackRock had a return on equity of 15.14% and a net margin of 22.93%.The business’s revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the company posted $11.93 earnings per share. Analysts expect 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. Stockholders of record on Friday, March 6th will be issued a $5.73 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from BlackRock’s previous quarterly dividend of $5.21. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.1%. BlackRock’s dividend payout ratio is presently 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.