BlackRock $BLK Shares Purchased by Turtle Creek Wealth Advisors LLC

Posted by Stuart Ham on Jul 3rd, 2026

Turtle Creek Wealth Advisors LLC boosted its holdings in shares of BlackRock (NYSE:BLK – Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,712 shares of the asset manager’s stock after acquiring an additional 1,210 shares during the period. BlackRock accounts for approximately 1.2% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Turtle Creek Wealth Advisors LLC’s holdings in BlackRock were worth $16,072,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Shum Financial Group Inc. boosted its holdings in shares of BlackRock by 0.4% during the 4th quarter. Shum Financial Group Inc. now owns 2,183 shares of the asset manager’s stock worth $2,336,000 after purchasing an additional 9 shares during the last quarter. First Bancorp Inc ME increased its holdings in shares of BlackRock by 2.9% in the fourth quarter. First Bancorp Inc ME now owns 321 shares of the asset manager’s stock valued at $344,000 after purchasing an additional 9 shares during the last quarter. Rather & Kittrell Inc. lifted its position in BlackRock by 2.1% during the fourth quarter. Rather & Kittrell Inc. now owns 430 shares of the asset manager’s stock worth $461,000 after buying an additional 9 shares in the last quarter. Oakworth Capital Inc. lifted its position in BlackRock by 1.2% during the fourth quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager’s stock worth $808,000 after buying an additional 9 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in BlackRock by 23.8% during the third quarter. Tortoise Investment Management LLC now owns 52 shares of the asset manager’s stock worth $61,000 after buying an additional 10 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Stock Up 1.4%

Shares of NYSE:BLK opened at $994.50 on Friday. The company has a market capitalization of $154.38 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.26 and a beta of 1.43. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The business has a 50-day moving average price of $1,039.37 and a 200 day moving average price of $1,046.33. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK – Get Free Report) last posted its earnings results on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $12.40 by $0.13. The company had revenue of $6.70 billion for 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%. BlackRock’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.64 earnings per share. Sell-side analysts expect that BlackRock will post 53.34 EPS for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th were issued a $5.73 dividend. This represents a $22.92 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, June 5th. BlackRock’s dividend payout ratio is currently 57.53%.

Analysts Set New Price Targets

Several analysts have issued reports on BLK shares. Barclays raised their target price on BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Weiss Ratings raised shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Jefferies Financial Group dropped their price objective on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. BNP Paribas Exane lifted their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of BlackRock from $1,150.00 to $1,240.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,269.44.

Read Our Latest Research Report on BLK

Insider Buying and Selling

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

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

Positive Sentiment: The U.S. Treasury chose BlackRock’s IVV and ITOT ETFs for the new Trump Accounts program, which could boost future ETF inflows and reinforce BlackRock’s position in low-cost index investing. US Treasury picks BlackRock, Vanguard ETFs for Trump Accounts
Positive Sentiment: BlackRock’s BUIDL tokenized treasury product continued to grow even as crypto-native yield products shrank, underscoring demand for asset-backed digital products tied to traditional markets. Yield-bearing stablecoin slowdown ends three-year run for crypto-native products
Positive Sentiment: BlackRock was also highlighted in articles about expanding tokenization efforts and ETF adoption, which may help support longer-term growth narratives around its iShares franchise. Ondo Finance brings U.S. stocks onchain for the first time following SEC guidance
Positive Sentiment: Analyst notes saying BlackRock has a strong history of beating earnings estimates may also be helping sentiment ahead of its next report on July 15. Will BlackRock (BLK) Beat Estimates Again in Its Next Earnings Report?

BlackRock Company Profile

(Free Report)

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.