Geode Capital Management LLC Increases Holdings in BlackRock $BLK

Geode Capital Management LLC increased its stake in shares of BlackRock (NYSE:BLK) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,167,460 shares of the asset manager’s stock after purchasing an additional 27,640 shares during the period. Geode Capital Management LLC’s holdings in BlackRock were worth $3,374,394,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Birchbrook Inc. acquired a new position in shares of BlackRock during the 4th quarter worth approximately $31,000. LFA Lugano Financial Advisors SA acquired a new position in BlackRock in the 4th quarter valued at $32,000. Hopwood Financial Services Inc. raised its holdings in BlackRock by 866.7% in the 3rd quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 26 shares during the last quarter. Collier Financial acquired a new position in BlackRock in the 3rd quarter valued at $36,000. Finally, Goodman Advisory Group LLC acquired a new position in BlackRock in the 3rd quarter valued at $37,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock portfolio manager commentary said the firm sees merit in large-scale mining M&A, arguing consolidation could attract more generalist investors and support bigger, more complex projects. BlackRock sees merit in large scale mining M&A
• Neutral Sentiment: BlackRock TCP Capital Corp. re-elected directors at its 2026 annual meeting, a routine governance update with limited direct impact on BlackRock’s parent company. BlackRock TCP Capital Reelects Directors at 2026 Meeting
• Neutral Sentiment: BlackRock executives also continued to highlight long-term themes like AI investment and the growth of digital assets, reinforcing the firm’s exposure to secular growth areas. Will AI Destroy Your Job? BlackRock’s Mike Pyle Weighs In
• Negative Sentiment: Multiple reports said BlackRock’s IBIT saw about $1 billion to $1.3 billion in a large block sale and weekly outflows, raising concerns about near-term demand for the ETF and broader crypto sentiment. Bitcoin price shrugs off $1.3B BlackRock ETF block sale
• Negative Sentiment: Separate coverage warned the sell-off in BlackRock’s bitcoin ETF could signal deeper Bitcoin weakness, which may keep pressure on sentiment around BLK’s crypto-linked products. Bloodbath Bitcoin Price Crash Warning Issued As BlackRock Sell-Off Suddenly Accelerates

BlackRock Stock Performance

NYSE:BLK opened at $1,068.63 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. The firm has a 50-day moving average of $1,026.71 and a two-hundred day moving average of $1,053.99. The stock has a market cap of $165.89 billion, a P/E ratio of 26.82, a PEG ratio of 1.40 and a beta of 1.44. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $12.40 by $0.13. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.56 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the prior year, the company posted $9.64 EPS. On average, research analysts expect that BlackRock will post 52.8 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th will be given a dividend of $5.73 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. BlackRock’s dividend payout ratio (DPR) is presently 57.53%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BLK. TD Cowen cut their price target on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods boosted their price target on BlackRock from $1,150.00 to $1,240.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. BMO Capital Markets boosted their price target on BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Evercore reiterated an “outperform” rating and issued a $1,220.00 price target on shares of BlackRock in a report on Wednesday, April 15th. Finally, Weiss Ratings upgraded BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,269.06.

Insider Activity

In related news, CEO Laurence Fink sold 33,900 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the sale, the chief executive officer owned 230,516 shares in the company, valued at $242,168,583.80. This represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Robert Kapito sold 8,739 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the sale, the president owned 210,186 shares in the company, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.92% of the company’s stock.

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.