CX Institutional Sells 4,861 Shares of BlackRock $BLK

CX Institutional decreased its stake in BlackRock (NYSE:BLK) by 87.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 721 shares of the asset manager’s stock after selling 4,861 shares during the quarter. CX Institutional’s holdings in BlackRock were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in BlackRock by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 13,991,264 shares of the asset manager’s stock worth $14,680,334,000 after acquiring an additional 227,192 shares during the last quarter. Geode Capital Management LLC raised its holdings in BlackRock by 1.1% in the second quarter. Geode Capital Management LLC now owns 3,143,429 shares of the asset manager’s stock worth $3,281,641,000 after purchasing an additional 34,049 shares during the period. Norges Bank bought a new position in shares of BlackRock during the second quarter worth $2,644,007,000. Franklin Resources Inc. grew its holdings in shares of BlackRock by 72.5% in the 2nd 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 period. Finally, Laurel Wealth Advisors LLC increased its position in shares of BlackRock by 105,267.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,705,899 shares of the asset manager’s stock valued at $1,789,915,000 after buying an additional 1,704,280 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Loop Capital set a $1,255.00 target price on BlackRock in a research note on Tuesday, October 21st. UBS Group started coverage on BlackRock in a research report on Thursday, December 11th. They issued a “neutral” rating and a $1,180.00 price objective for the company. BNP Paribas Exane raised their target price on shares of BlackRock from $1,160.00 to $1,265.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Jefferies Financial Group lifted their price target on shares of BlackRock from $1,196.00 to $1,325.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of BlackRock from $1,093.00 to $1,242.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,313.12.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock and others see a big potential expansion in retail access to crypto, which supports future ETF/net‑new‑asset upside if Main Street demand grows. BlackRock predicts major shift in retail investors’ access to cryptocurrencies
• Positive Sentiment: Tokenization adoption: Jupiter launched JupUSD with reserves tied to BlackRock’s tokenized BUIDL fund — a sign BlackRock-backed institutional assets are being used in on‑chain products, which could broaden distribution and fees long term. Jupiter Exchange Launches JupUSD Stablecoin with BlackRock-Backed Reserves
• Positive Sentiment: Company clarification: BlackRock publicly reiterated it does not buy single‑family homes after a Trump proposal sparked market confusion — the clarification reduces an ongoing reputational/regulatory overhang for the firm. EXCLUSIVE: BlackRock Says It Does Not Buy Single-Family Homes After Trump Proposal
• Neutral Sentiment: Governance/leadership attention: BlackRock’s Rick Rieder was asked about being on a short list for Fed Chair — raises headlines but uncertain impact on firm fundamentals; investors may watch for potential conflicts or time distractions if the story develops. BlackRock’s Rieder Reacts to Being Considered for Fed Chair
• Neutral Sentiment: BlackRock crypto leadership: senior ETF executives said it’s still “very early days” for Bitcoin/Ethereum adoption — tempered optimism that supports a measured, long‑run view on crypto AUM. BlackRock ETF Chief Says ‘Still Very Early Days’ For Bitcoin, Ethereum
• Neutral Sentiment: Minor ownership update: BlackRock reduced its stake in Finland’s Orion below the 5% disclosure threshold — routine portfolio move, limited impact on BLK fundamentals. Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
• Negative Sentiment: Large crypto flows/signals: multiple outlets reported BlackRock moved sizable BTC/ETH to Coinbase Prime (and some headlines framed it as “dumping” ~$276M BTC and ~$83M ETH), which can spook investors about crypto exposure and short‑term ETF flows. BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime
• Negative Sentiment: Policy/politics ripple: Trump’s housing proposal triggered market confusion and a selloff in some real‑estate/asset‑manager stocks (and headlines conflating BlackRock/Blackstone amplified volatility), pressuring sentiment toward BLK. Trump Targets Wall Street Homebuyers: Why BlackRock, Blackstone Are Feeling The Heat
• Negative Sentiment: Analyst tweak: Keefe, Bruyette & Woods trimmed BLK’s price target slightly (still an outperform rating) — a modest headwind for sentiment. Keefe, Bruyette & Woods lowers price target on BlackRock

Insider Activity

In other news, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the sale, the director owned 7,205 shares in the company, valued at $8,394,113.20. This represents a 62.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Martin Small sold 1,258 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $1,043.38, for a total transaction of $1,312,572.04. Following the transaction, the chief financial officer owned 6,209 shares in the company, valued at approximately $6,478,346.42. The trade was a 16.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.98% of the company’s stock.

BlackRock Price Performance

Shares of BLK opened at $1,085.06 on Friday. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.34. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The stock has a market capitalization of $168.35 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.47. The company has a 50 day moving average of $1,067.10 and a 200-day moving average of $1,101.63.

BlackRock (NYSE:BLK) last announced its earnings results on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing the consensus estimate of $11.78 by ($0.23). BlackRock had a return on equity of 14.80% and a net margin of 26.64%.The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.22 billion. During the same quarter in the previous year, the company posted $11.46 EPS. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. As a group, equities research analysts forecast that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Announces Dividend

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

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.