Amica Mutual Insurance Co. Sells 1,594 Shares of BlackRock $BLK

Amica Mutual Insurance Co. cut its holdings in shares of BlackRock (NYSE:BLK) by 17.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,308 shares of the asset manager’s stock after selling 1,594 shares during the period. BlackRock makes up 0.8% of Amica Mutual Insurance Co.’s holdings, making the stock its 29th biggest holding. Amica Mutual Insurance Co.’s holdings in BlackRock were worth $8,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WealthBridge Capital Management LLC bought a new stake in BlackRock during the 3rd quarter worth approximately $256,000. Pallas Capital Advisors LLC grew its holdings in BlackRock by 7.7% during the third quarter. Pallas Capital Advisors LLC now owns 697 shares of the asset manager’s stock worth $812,000 after buying an additional 50 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in BlackRock by 4.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 51,514 shares of the asset manager’s stock valued at $60,059,000 after buying an additional 2,163 shares during the last quarter. Hardy Reed LLC lifted its stake in BlackRock by 1.4% during the 3rd quarter. Hardy Reed LLC now owns 2,313 shares of the asset manager’s stock valued at $2,697,000 after acquiring an additional 32 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in BlackRock by 8.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 360,995 shares of the asset manager’s stock worth $420,873,000 after acquiring an additional 29,449 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Trending Headlines about BlackRock

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 Trading Up 1.5%

Shares of BlackRock stock opened at $1,071.59 on Monday. The stock has a market capitalization of $166.26 billion, a P/E ratio of 30.25, a P/E/G ratio of 1.34 and a beta of 1.47. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.33 and a current ratio of 3.33. The stock’s 50-day simple moving average is $1,093.52 and its 200 day simple moving average is $1,105.66.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.55 by $0.61. The company had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.80 billion. BlackRock had a net margin of 22.93% and a return on equity of 15.14%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.93 earnings per share. As a group, research analysts anticipate that BlackRock will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th will be issued a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. BlackRock’s payout ratio is presently 58.84%.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 20,000 shares of the business’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 sale, the director directly owned 61,894 shares in the company, valued at approximately $69,630,750. The trade was a 24.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen Cohen sold 2,179 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $1,073.87, for a total value of $2,339,962.73. Following the completion of the transaction, the director owned 6,543 shares of the company’s stock, valued at approximately $7,026,331.41. This represents a 24.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 109,967 shares of company stock worth $122,487,380. Insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on BLK. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BlackRock from $1,296.00 to $1,380.00 in a report on Thursday, January 15th. BMO Capital Markets cut their target price on BlackRock from $1,300.00 to $1,250.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Freedom Capital raised BlackRock from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Keefe, Bruyette & Woods upped their price objective on BlackRock from $1,310.00 to $1,340.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Finally, Barclays lifted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and a consensus price target of $1,311.11.

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.