Assetmark Inc. Has $28.63 Million Stake in BlackRock $BLK

Assetmark Inc. boosted its stake in BlackRock (NYSE:BLK) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,560 shares of the asset manager’s stock after buying an additional 709 shares during the quarter. Assetmark Inc.’s holdings in BlackRock were worth $28,634,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pacifica Partners Inc. lifted its stake in shares of BlackRock by 450.0% in the third quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after buying an additional 18 shares during the last quarter. TruNorth Capital Management LLC grew its position in shares of BlackRock by 1,000.0% in 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. Traub Capital Management LLC bought a new position in shares of BlackRock in the second quarter worth about $28,000. Whipplewood Advisors LLC lifted its position in shares of BlackRock by 107.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after purchasing an additional 15 shares during the last quarter. Finally, Creekmur Asset Management LLC boosted its stake in BlackRock by 87.5% during the 2nd quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 14 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BLK shares. BMO Capital Markets reduced their price objective on BlackRock from $1,300.00 to $1,250.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Wall Street Zen raised shares of BlackRock from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. CICC Research raised their price target on shares of BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,313.00 price objective on shares of BlackRock in a research note on Tuesday, December 9th. Finally, Loop Capital set a $1,255.00 target price on BlackRock in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,311.11.

BlackRock Trading Up 1.5%

NYSE:BLK opened at $1,071.59 on Friday. The firm has a market capitalization of $166.26 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 1.32 and a beta of 1.47. The business’s 50-day moving average price is $1,093.52 and its two-hundred day moving average price is $1,105.83. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.34. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK) last issued its quarterly earnings data 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 $6.33 billion for the quarter, compared to the consensus estimate of $6.80 billion. BlackRock had a return on equity of 15.14% and a net margin of 22.93%.The firm’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the business posted $11.93 EPS. On average, equities 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. Investors of record on Friday, March 6th will be issued a dividend of $5.73 per share. The ex-dividend date is Friday, March 6th. This is a boost from BlackRock’s previous quarterly dividend of $5.21. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock’s dividend payout ratio is currently 58.84%.

Insider Buying and Selling

In other BlackRock news, 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 of the company’s stock, valued at $69,630,750. This trade represents a 24.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 directly owned 10,557 shares in the company, valued at $12,363,724.98. The trade was a 71.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 109,967 shares of company stock valued at $122,487,380 in the last ninety days. 1.98% of the stock is owned by company insiders.

Key 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 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.