Chemung Canal Trust Co. Buys 1,646 Shares of BlackRock $BLK

Chemung Canal Trust Co. boosted its position in BlackRock (NYSE:BLK) by 297.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,200 shares of the asset manager’s stock after purchasing an additional 1,646 shares during the period. Chemung Canal Trust Co.’s holdings in BlackRock were worth $2,565,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Pacifica Partners Inc. lifted its position in shares of BlackRock by 450.0% during the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock valued at $25,000 after buying an additional 18 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in BlackRock by 100.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 15 shares during the period. Garde Capital Inc. lifted its holdings in BlackRock by 200.0% during the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 18 shares during the last quarter. Traub Capital Management LLC bought a new position in BlackRock during the second quarter worth about $28,000. Finally, Whipplewood Advisors LLC increased its stake in shares of BlackRock by 107.1% in the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after purchasing an additional 15 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BLK. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,313.00 price objective on shares of BlackRock in a report on Tuesday, December 9th. TD Cowen increased their target price on BlackRock from $1,301.00 to $1,407.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Keefe, Bruyette & Woods reduced their price target on BlackRock from $1,390.00 to $1,322.00 and set an “outperform” rating for the company in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on BlackRock from $1,305.00 to $1,298.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. Finally, Barclays reduced their target price on BlackRock from $1,360.00 to $1,340.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,316.18.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s BUIDL — a tokenized Treasury product — became the first tokenized Treasury to pay $100M in dividends, signaling commercial traction for BlackRock’s tokenization business and a new potential revenue stream. BlackRock’s BUIDL becomes first tokenized Treasury to pay $100M in dividends
• Positive Sentiment: Report that BlackRock hit a record milestone in payouts underscores growing cash flows from its funds and ETF business, supporting fee income and shareholder-friendly distribution dynamics. BlackRock hits record milestone in payouts
• Positive Sentiment: Catalysts for on‑chain finance — including commentary that Wall Street tokenization (with BlackRock mentioned) strengthens Ether’s institutional case — reinforce BlackRock’s strategic positioning in tokenized assets and infrastructure. Etheruem’s tokenization role takes focus as Tom Lee outlines bullish outlook
• Positive Sentiment: Coverage noting bullish price outlooks tied to ETF activity (e.g., crypto ETF “buzz”) suggests market enthusiasm that can benefit BlackRock’s ETF distribution and brand momentum. XRP News Today: BlackRock ETF Buzz Lifts Bullish Price Outlook
• Neutral Sentiment: Benzinga’s price/earnings overview reiterates valuation metrics (PE/PEG) that make BLK appear expensive to some investors; useful context but not a near-term catalyst. Price Over Earnings Overview: BlackRock
• Neutral Sentiment: Head‑to‑head and analyst notes (peer comparisons, a “Hold” from Wall Street Zen) are mixed and represent incremental, not decisive, information for the stock. Westwood Holdings Group (NYSE:WHG) vs. BlackRock (NYSE:BLK) Head-To-Head Comparison BlackRock (NYSE:BLK) Upgraded to “Hold” at Wall Street Zen
• Negative Sentiment: Spot Bitcoin ETF outflows over the holiday week totaled ~$782M and BlackRock’s IBIT led redemptions (~$193M), creating near‑term AUM and fee pressure for BlackRock’s crypto ETF business. Spot Bitcoin ETFs bleed $782M during Christmas week amid ‘holiday positioning’

Insiders Place Their Bets

In other BlackRock news, CFO Martin Small sold 1,258 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $1,043.38, for a total value of $1,312,572.04. Following the completion of the transaction, the chief financial officer directly owned 6,209 shares in the company, valued at approximately $6,478,346.42. This represents a 16.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rachel Lord sold 12,000 shares of BlackRock stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the sale, the director directly owned 7,205 shares in the company, valued at $8,394,113.20. The trade was a 62.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.98% of the stock is currently owned by insiders.

BlackRock Stock Performance

BlackRock stock opened at $1,087.07 on Tuesday. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,219.94. The firm has a market cap of $168.66 billion, a P/E ratio of 27.95, a P/E/G ratio of 1.72 and a beta of 1.47. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $1,072.41 and a 200-day moving average of $1,096.36.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share for the quarter, missing the consensus estimate of $11.78 by ($0.23). The business had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.22 billion. BlackRock had a return on equity of 14.80% and a net margin of 26.64%.The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter last year, the business posted $11.46 EPS. Sell-side analysts expect that BlackRock will post 47.41 EPS for the current year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 5th were issued a $5.21 dividend. The ex-dividend date was Friday, December 5th. This represents a $20.84 annualized dividend and a yield of 1.9%. BlackRock’s payout ratio is 53.59%.

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.