Glenmede Investment Management LP Has $90.03 Million Stake in BlackRock $BLK

Glenmede Investment Management LP reduced its position in BlackRock (NYSE:BLK) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,217 shares of the asset manager’s stock after selling 577 shares during the period. Glenmede Investment Management LP’s holdings in BlackRock were worth $90,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLK. Invenio Wealth Partners LLC grew its holdings in shares of BlackRock by 13.0% during the third quarter. Invenio Wealth Partners LLC now owns 260 shares of the asset manager’s stock valued at $303,000 after buying an additional 30 shares during the last quarter. Family Management Corp acquired a new stake in shares of BlackRock in the 3rd quarter worth about $222,000. GeoWealth Management LLC lifted its position in BlackRock by 83.2% in the 3rd quarter. GeoWealth Management LLC now owns 929 shares of the asset manager’s stock valued at $1,082,000 after acquiring an additional 422 shares in the last quarter. Vise Technologies Inc. lifted its position in BlackRock by 1.9% in the 3rd quarter. Vise Technologies Inc. now owns 3,507 shares of the asset manager’s stock valued at $4,088,000 after acquiring an additional 67 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its stake in BlackRock by 502.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 506 shares of the asset manager’s stock valued at $590,000 after purchasing an additional 422 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

Shares of BLK opened at $922.79 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $143.53 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.18 and a beta of 1.48. The stock has a 50 day moving average of $1,075.75 and a 200 day moving average of $1,092.85. BlackRock has a 12 month low of $773.74 and a 12 month high of $1,219.94.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 earnings per share for the quarter, topping the consensus estimate of $12.55 by $0.61. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.80 billion. BlackRock had a return on equity of 14.78% 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 in the previous year, the firm earned $11.93 earnings per share. As a group, sell-side analysts forecast that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be paid a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. BlackRock’s dividend payout ratio (DPR) is presently 64.71%.

Analysts Set New Price Targets

Several analysts have recently commented on BLK shares. Deutsche Bank Aktiengesellschaft increased their price objective on BlackRock from $1,296.00 to $1,380.00 in a research note on Thursday, January 15th. Freedom Capital raised BlackRock from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Morgan Stanley upped their price target on BlackRock from $1,514.00 to $1,550.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. CICC Research increased their price target on BlackRock from $1,000.00 to $1,250.00 in a research report on Tuesday, February 3rd. Finally, Barclays raised their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,308.89.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Launch of iShares Staked Ethereum Trust (ETHB) expands BlackRock’s crypto product lineup and produced a solid debut (~$15.5M day‑one volume), a positive revenue/flows catalyst if assets scale. BlackRock’s New Staked Ethereum ETF (ETHB) Sees ‘Very, Very Solid’ $15.5 Million Debut, Says Analyst
• Positive Sentiment: Crypto market coverage notes whale ETH accumulation alongside the ETHB launch — bullish for BlackRock’s digital asset distribution and potential fee/flow growth. Ethereum (ETH) Sees Major Whale Buying as BlackRock Launches Staked ETF Product
• Positive Sentiment: Market reaction to BlackRock CIO calls (and related portfolio positioning) has helped lift some sector indices (clean energy) — indicative of the firm’s market influence and potential to drive ETF flows. Clean Energy Index Jumps 61% After BlackRock CIO’s Contrarian Call
• Neutral Sentiment: Regulatory disclosures show BlackRock holds ~10–11% capital/voting stakes in Qiagen — a standard large‑holder filing that is notable but not an immediate company revenue driver. BlackRock Reports 10.6% Capital and 11.8% Voting Stake in Qiagen
• Neutral Sentiment: BlackRock Canada announced index/methodology changes to three CAD‑hedged iShares funds — routine product updates with limited near‑term impact on BLK’s consolidated results. BlackRock® Canada Announces Product Changes
• Negative Sentiment: Private‑credit stress: reporting that Morgan Stanley and BlackRock capped/limited withdrawals in some private‑credit vehicles has pressured asset managers and sparked concerns about redemptions, markdowns and fee revenue risk. This is a near‑term negative for BLK if private‑credit flows and valuations deteriorate. Exclusive: Morgan Stanley and BlackRock limit withdrawals—is private credit gating a crisis or market ‘stabilizer’?
• Negative Sentiment: Market reaction: coverage highlights a BLK share pullback alongside weakness in private‑credit peers, signaling investor concern about the sector’s spillover to large asset managers. BlackRock Stock Slide As Private Credit Firms Tumble
• Negative Sentiment: Investor litigation alert: Pomerantz LLP is investigating claims on behalf of BlackRock investors — potential legal/PR risk that could distract management and create uncertainty. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlackRock, Inc. – BLK

Insider Activity at BlackRock

In related news, Director Stephen Cohen sold 2,179 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,073.87, for a total transaction of $2,339,962.73. Following the completion of the transaction, the director owned 6,543 shares in the company, valued at approximately $7,026,331.41. This represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J. Richard Kushel sold 20,000 shares of the firm’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,319 shares of company stock valued at $123,999,249 over the last quarter. Corporate 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.