Arizona State Retirement System Has $44.51 Million Stake in BlackRock $BLK

Arizona State Retirement System trimmed its stake in BlackRock (NYSE:BLK) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,588 shares of the asset manager’s stock after selling 1,407 shares during the period. Arizona State Retirement System’s holdings in BlackRock were worth $44,513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TruNorth Capital Management LLC boosted its stake in BlackRock by 1,000.0% during the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock worth $26,000 after buying an additional 20 shares in the last quarter. Hopwood Financial Services Inc. boosted its stake in BlackRock by 866.7% during the third quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock worth $34,000 after buying an additional 26 shares in the last quarter. Collier Financial acquired a new stake in BlackRock during the third quarter worth $36,000. Goodman Advisory Group LLC acquired a new stake in BlackRock during the third quarter worth $37,000. Finally, Dogwood Wealth Management LLC boosted its stake in BlackRock by 94.1% during the third quarter. Dogwood Wealth Management LLC now owns 33 shares of the asset manager’s stock worth $38,000 after buying an additional 16 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Down 0.8%

Shares of BLK opened at $1,054.15 on Friday. The company has a market capitalization of $163.96 billion, a P/E ratio of 26.46, a PEG ratio of 1.39 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.98 and a quick ratio of 2.98. BlackRock has a one year low of $892.91 and a one year high of $1,219.94. The business’s 50 day simple moving average is $1,010.60 and its 200-day simple moving average is $1,064.81.

BlackRock (NYSE:BLK) last announced its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.40 by $0.13. BlackRock had a net margin of 24.40% and a return on equity of 14.96%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.56 billion. During the same period in the prior year, the business earned $9.64 earnings per share. BlackRock’s quarterly revenue was up 27.0% on a year-over-year basis. As a group, sell-side analysts predict that BlackRock will post 52.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BLK. The Goldman Sachs Group lifted their price target on shares of BlackRock from $1,181.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. CICC Research lifted their price target on shares of BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. Wall Street Zen upgraded shares of BlackRock from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Barclays lifted their price target on shares of BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Finally, Freedom Capital upgraded shares of BlackRock from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $1,269.06.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Large, sustained inflows into BlackRock’s Bitcoin ETF products expand AUM and fee revenue prospects — IBIT has pushed BlackRock into the global top 1% of bitcoin ETF managers. Bitcoin ETFs Smash Through the $62 Billion Ceiling
• Positive Sentiment: US spot Bitcoin ETFs recorded a seven-day inflow streak (~$1.9B), showing momentum that benefits BlackRock’s ETF business and ongoing fee capture. BlackRock drives 7-day Bitcoin ETF inflow streak
• Positive Sentiment: BlackRock’s active purchases of bitcoin (reported $900M buys) signal commitment to growing crypto exposures and should lift ETF AUM and market share if flows continue. BlackRock buys $900M in Bitcoin
• Positive Sentiment: BMO Capital Markets raised its BLK price target to $1,250, providing analyst-driven upside and investor confidence after strong quarter results. BMO Capital Markets Raises BlackRock Price Target
• Neutral Sentiment: BlackRock is publicly pushing portfolio diversification beyond the classic 60/40, highlighting product and advisory initiatives that may support long-term client retention but are gradual in impact. BlackRock says investors need to look beyond the 60/40
• Neutral Sentiment: BlackRock warned there “isn’t enough stock to buy,” a comment reflecting market liquidity/supply dynamics that can support higher share prices over time but also signals aggressive demand. BlackRock warns there isn’t enough stock to buy
• Negative Sentiment: Reports that BlackRock bought 30,000 BTC in 2026 while holding roughly $6.3B of unrealized crypto losses highlight mark-to-market volatility that could pressure near-term results and investor sentiment. BlackRock buys 30,000 BTC amid $6.3B unrealized loss
• Negative Sentiment: BlackRock ceased to be a substantial holder in National Storage REIT — a small, tactical portfolio shift that is unlikely material to BLK’s core earnings but is a negative disclosure. BlackRock Ceases to Be Substantial Holder

Insider Transactions at BlackRock

In other news, COO Robert L. Goldstein sold 54,190 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $1,087.29, for a total transaction of $58,920,245.10. Following the transaction, the chief operating officer directly owned 51,478 shares in the company, valued at approximately $55,971,514.62. This represents a 51.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J. Richard Kushel sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,083.05, for a total transaction of $2,166,100.00. Following the transaction, the director owned 61,980 shares in the company, valued at $67,127,439. The trade was a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 64,272 shares of company stock worth $69,823,426. Corporate insiders own 1.92% of the company’s stock.

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.