Dynamic Advisor Solutions LLC reduced its stake in BlackRock (NYSE:BLK – Free Report) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,262 shares of the asset manager’s stock after selling 895 shares during the period. Dynamic Advisor Solutions LLC’s holdings in BlackRock were worth $6,702,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of BLK. Pacifica Partners Inc. raised 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 worth $25,000 after purchasing an additional 18 shares during the period. TruNorth Capital Management LLC boosted its position in BlackRock by 1,000.0% during the 3rd 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 period. Howard Hughes Medical Institute bought a new position in BlackRock during the 2nd quarter worth $33,000. Hopwood Financial Services Inc. grew its stake in BlackRock by 866.7% during the 3rd quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock worth $34,000 after buying an additional 26 shares during the last quarter. Finally, Collier Financial acquired a new stake in BlackRock in the third quarter worth $36,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at BlackRock
In related news, CFO Martin Small sold 27,047 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer owned 10,557 shares in the company, valued at $12,363,724.98. This trade represents a 71.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J. Richard Kushel sold 385 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,084.91, for a total value of $417,690.35. Following the sale, the director directly owned 3,335 shares in the company, valued at approximately $3,618,174.85. The trade was a 10.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have 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 Trading Down 1.2%
BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 22.93% and a return on equity of 14.78%. The company’s revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the business earned $11.93 earnings per share. Equities analysts predict that BlackRock will post 47.41 earnings per share for the current year.
BlackRock Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th will be given a dividend of $5.73 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date is Friday, March 6th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.4%. BlackRock’s payout ratio is presently 64.71%.
BlackRock News Roundup
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock-backed staked-ETH product and related ETF flows are drawing institutional interest, which can boost fee-bearing AUM and revenue over time. Ethereum (ETH) Price Analysis: Can $385M ETF Inflows Spark a Major Rally?
- Positive Sentiment: BlackRock Canada announced March cash distributions for many iShares ETFs — a sign of ongoing product cash flows and client engagement in Canada that supports predictable ETF income and retention. BlackRock® Canada Announces March Cash Distributions for the iShares® ETFs
- Positive Sentiment: BlackRock CIO Rick Rieder publicly backed the Fed’s “patience” on rates and called recent energy-driven inflation spikes “episodic,” messaging that could calm investors and support risk assets (beneficial for asset managers’ flows). BlackRock’s Rick Rieder says Fed ‘patience’ is right call despite $820 billion market rout, oil spike
- Neutral Sentiment: Regulatory/ownership disclosure: BlackRock’s stake in Finnish drugmaker Orion dropped below 5% — a routine portfolio move that has limited direct impact on BLK but is a public holdings change. Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
- Neutral Sentiment: World Economic Forum governance changes under discussion could consolidate influence among trustees, including BlackRock CEO Larry Fink — reputational/governance risk to monitor but uncertain financial impact. World Economic Forum explores trustee shake-up after scandals
- Neutral Sentiment: Larry Fink’s comments warning AI could worsen unemployment for new graduates reinforce BlackRock’s leadership role in policy debates—important for reputation but not an immediate earnings driver. BlackRock CEO Larry Fink warns AI is creating a ‘crisis’ for Gen Z workers
- Negative Sentiment: Pomerantz launched an investor investigation into BlackRock, which raises potential litigation risk and can increase short-term share-price pressure due to uncertainty and legal costs. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlackRock, Inc. – BLK
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,313.00 target price on shares of BlackRock in a research note on Tuesday, December 9th. CICC Research increased their price objective on shares of BlackRock from $1,000.00 to $1,250.00 in a report on Tuesday, February 3rd. Barclays lifted their price objective on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Evercore reduced their target price on shares of BlackRock from $1,275.00 to $1,235.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Finally, Keefe, Bruyette & Woods cut shares of BlackRock from a “moderate buy” rating to a “moderate sell” rating in a research report on Tuesday, March 3rd. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,308.89.
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.
Further Reading
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