State of Alaska Department of Revenue Sells 614 Shares of BlackRock $BLK

State of Alaska Department of Revenue lessened its holdings in shares of BlackRock (NYSE:BLK) by 3.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,743 shares of the asset manager’s stock after selling 614 shares during the quarter. State of Alaska Department of Revenue’s holdings in BlackRock were worth $18,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pacifica Partners Inc. lifted its holdings in BlackRock by 450.0% during the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after purchasing an additional 18 shares in the last quarter. TruNorth Capital Management LLC increased its position in shares of BlackRock by 1,000.0% in the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock worth $26,000 after purchasing an additional 20 shares during the last quarter. Garde Capital Inc. raised its stake in BlackRock by 200.0% in the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 18 shares in the last quarter. Traub Capital Management LLC bought a new stake in BlackRock during the second quarter valued at approximately $28,000. Finally, Whipplewood Advisors LLC grew its stake in BlackRock by 107.1% in the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after buying an additional 15 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BLK shares. Bank of America lifted their price objective on shares of BlackRock from $1,456.00 to $1,464.00 in a report on Wednesday, December 10th. Citigroup raised their price target on BlackRock from $1,200.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. upped their price objective on BlackRock from $1,093.00 to $1,242.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. The Goldman Sachs Group reissued a “buy” rating and set a $1,313.00 price objective on shares of BlackRock in a report on Tuesday, December 9th. Finally, Keefe, Bruyette & Woods cut their target price on BlackRock from $1,322.00 to $1,310.00 and set an “outperform” rating for the company in a research note on Thursday. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,313.12.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock publicly denied that it buys single?family homes after a Trump housing proposal caused market confusion, reducing headline-driven regulatory/PR risk for the firm and calming investors who conflated BlackRock with large institutional home?buyers. Article Title
• Positive Sentiment: Analysts and market commentary expect BlackRock’s earnings to keep growing; upbeat model/earnings previews (Zacks) support a case that BLK may beat consensus, which is constructive for the stock’s valuation multiple. Article Title
• Positive Sentiment: Institutional crypto integrations tied to BlackRock (tokenized BUIDL reserves backing new stablecoin JupUSD on Solana, Jupiter exchange integrations) underline BlackRock’s growing footprint in tokenized/institutional digital?asset products — a potential long?run growth driver for fee products. Article Title
• Neutral Sentiment: BlackRock’s ETF head reiterated that it’s “still very early days” for Bitcoin and Ethereum adoption — a measured, long?term bullish stance but not an immediate catalyst. Article Title
• Neutral Sentiment: Disclosure filings show BlackRock trimmed (or fell below) a 5% stake in Orion Corp — routine portfolio turnover with little likely impact on BLK’s fundamentals. Article Title
• Negative Sentiment: Reports that BlackRock moved roughly $276M in BTC and $83M in ETH to Coinbase Prime (some outlets described the transfers as “dumping”) are creating short?term headline risk: transfers to exchange custody can be interpreted as intent to sell, which can spook crypto?exposed assets and risk?sensitive flows tied to BlackRock’s crypto products. The reporting is mixed though — some outlets frame the firm as an accumulator over several days — so the signal is ambiguous but has triggered near?term volatility. Article Title Article Title
• Negative Sentiment: Keefe, Bruyette & Woods trimmed its BLK price target slightly (from $1,322 to $1,310), which is a modest negative signal for near?term sentiment even though the rating remains “outperform.” Article Title

Insider Activity

In other news, CFO Martin Small sold 1,258 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 6,209 shares in the company, valued at approximately $6,478,346.42. This represents a 16.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rachel Lord sold 12,000 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the transaction, the director owned 7,205 shares in the company, valued at approximately $8,394,113.20. This represents a 62.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.98% of the company’s stock.

BlackRock Price Performance

BLK opened at $1,087.74 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 3.33. The stock’s 50 day simple moving average is $1,067.03 and its 200 day simple moving average is $1,100.94. The firm has a market cap of $168.76 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.51 and a beta of 1.47. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,219.94.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a net margin of 26.64% and a return on equity of 14.80%. The company had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.22 billion. During the same period last year, the company posted $11.46 EPS. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. As a group, analysts predict that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 5th were given a $5.21 dividend. The ex-dividend date was Friday, December 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.9%. BlackRock’s payout ratio is presently 53.59%.

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.