Turtle Creek Wealth Advisors LLC Raises Stock Position in BlackRock $BLK

Turtle Creek Wealth Advisors LLC lifted its holdings in shares of BlackRock (NYSE:BLK) by 18.2% during the 3rd quarter, Holdings Channel reports. The firm owned 14,278 shares of the asset manager’s stock after buying an additional 2,195 shares during the period. BlackRock makes up about 1.5% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 14th biggest position. Turtle Creek Wealth Advisors LLC’s holdings in BlackRock were worth $16,646,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nordwand Advisors LLC acquired a new stake in BlackRock during the 3rd quarter worth approximately $652,000. Game Plan Financial Advisors LLC raised its stake in shares of BlackRock by 66.7% in the third quarter. Game Plan Financial Advisors LLC now owns 50 shares of the asset manager’s stock valued at $58,000 after acquiring an additional 20 shares in the last quarter. Tradewinds LLC. purchased a new position in BlackRock in the third quarter valued at $6,004,000. Allstate Corp boosted its holdings in BlackRock by 1,739.4% in the third quarter. Allstate Corp now owns 5,371 shares of the asset manager’s stock valued at $6,262,000 after purchasing an additional 5,079 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its stake in BlackRock by 1.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 26,060 shares of the asset manager’s stock worth $30,392,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Trading Up 0.7%

NYSE:BLK opened at $1,164.72 on Tuesday. The company has a market capitalization of $180.71 billion, a PE ratio of 32.88, a P/E/G ratio of 1.68 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 stock’s 50 day moving average price is $1,073.47 and its 200 day moving average price is $1,105.89. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK) 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 company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.80 billion. BlackRock had a return on equity of 15.14% and a net margin of 22.93%.The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.93 earnings per share. On average, research analysts anticipate that BlackRock will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Friday, March 6th will be paid a dividend of $5.73 per share. The ex-dividend date is Friday, March 6th. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. This is an increase from BlackRock’s previous quarterly dividend of $5.21. BlackRock’s dividend payout ratio (DPR) is currently 58.84%.

Insider Transactions at BlackRock

In other BlackRock news, CFO Martin Small sold 1,258 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $1,043.38, for a total transaction of $1,312,572.04. Following the transaction, the chief financial officer directly owned 6,209 shares of the company’s stock, valued at approximately $6,478,346.42. This trade represents a 16.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.98% of the company’s stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Jim Cramer gave an emphatic bullish endorsement for BlackRock on-air, which can drive short-term retail buying and sentiment momentum. Read More.
• Positive Sentiment: An analyst price target was raised to $1,550, signaling stronger sell?side conviction after BlackRock’s latest beats and helping justify higher valuation multiples. Read More.
• Positive Sentiment: BlackRock reported record assets under management and revenue growth in recent results, backing durable fee income and EPS upside. This underpins the bullish analyst action and investor optimism. Read More.
• Positive Sentiment: Spot Bitcoin ETF flows remain strong and BlackRock’s iShares Bitcoin Trust (IBIT) led inflows in recent weeks, boosting fee revenue prospects and drawing institutional attention to BlackRock’s ETF franchise. Read More.
• Positive Sentiment: Media reports that prominent investors shifted into spot Bitcoin ETFs (benefitting IBIT) reinforce demand narratives for BlackRock’s ETFs and may attract more flows. Read More.
• Positive Sentiment: BlackRock CIO Rick Rieder is being reported as a finalist for the Federal Reserve chair role — a development that raises the firm’s profile and could be seen as positive for BlackRock’s industry influence. Read More.
• Neutral Sentiment: BlackRock Canada announced routine January cash distributions for iShares ETFs listed in Canada — expected, regular payouts that have limited market-moving impact. Read More.
• Neutral Sentiment: Orion Corporation disclosed BlackRock crossed a 5% ownership threshold — a standard regulatory filing reflecting position size, not an operational change. Read More.
• Negative Sentiment: The company’s strategic update mentioned job cuts alongside restructuring — a potential near-term cost but also a signal of execution risk and one-time charges that investors will watch. Read More.

Analyst Ratings Changes

BLK has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on BlackRock from $1,244.00 to $1,267.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BlackRock in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BlackRock from $1,296.00 to $1,380.00 in a research note on Thursday, January 15th. The Goldman Sachs Group reissued a “buy” rating and issued a $1,313.00 price objective on shares of BlackRock in a research report on Tuesday, December 9th. Finally, Loop Capital set a $1,255.00 price objective on shares of BlackRock in a research report on Tuesday, October 21st. Fifteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,314.71.

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.