Chemung Canal Trust Co. Increases Stock Position in BlackRock $BLK

Chemung Canal Trust Co. lifted its holdings in BlackRock (NYSE:BLK) by 297.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,200 shares of the asset manager’s stock after acquiring an additional 1,646 shares during the quarter. Chemung Canal Trust Co.’s holdings in BlackRock were worth $2,565,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in BlackRock by 1.7% in the second quarter. Vanguard Group Inc. now owns 13,991,264 shares of the asset manager’s stock worth $14,680,334,000 after purchasing an additional 227,192 shares during the period. Geode Capital Management LLC boosted its position in shares of BlackRock by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,143,429 shares of the asset manager’s stock worth $3,281,641,000 after purchasing an additional 34,049 shares in the last quarter. Norges Bank purchased a new stake in shares of BlackRock in the 2nd quarter worth approximately $2,644,007,000. Franklin Resources Inc. increased its position in BlackRock by 72.5% during the 2nd quarter. Franklin Resources Inc. now owns 2,005,358 shares of the asset manager’s stock valued at $2,104,122,000 after buying an additional 842,901 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its stake in BlackRock by 105,267.4% during the second quarter. Laurel Wealth Advisors LLC now owns 1,705,899 shares of the asset manager’s stock valued at $1,789,915,000 after buying an additional 1,704,280 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BlackRock

In other BlackRock news, Director Rachel Lord sold 12,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the transaction, the director directly owned 7,205 shares of the company’s stock, valued at approximately $8,394,113.20. This trade represents a 62.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin Small sold 1,258 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $1,043.38, for a total value of $1,312,572.04. Following the sale, the chief financial officer owned 6,209 shares of the company’s stock, valued at approximately $6,478,346.42. This represents a 16.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.98% of the stock is currently owned by corporate insiders.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s BUIDL — a tokenized Treasury product — became the first tokenized Treasury to pay $100M in dividends, signaling commercial traction for BlackRock’s tokenization business and a new potential revenue stream. BlackRock’s BUIDL becomes first tokenized Treasury to pay $100M in dividends
• Positive Sentiment: Report that BlackRock hit a record milestone in payouts underscores growing cash flows from its funds and ETF business, supporting fee income and shareholder-friendly distribution dynamics. BlackRock hits record milestone in payouts
• Positive Sentiment: Catalysts for on‑chain finance — including commentary that Wall Street tokenization (with BlackRock mentioned) strengthens Ether’s institutional case — reinforce BlackRock’s strategic positioning in tokenized assets and infrastructure. Etheruem’s tokenization role takes focus as Tom Lee outlines bullish outlook
• Positive Sentiment: Coverage noting bullish price outlooks tied to ETF activity (e.g., crypto ETF “buzz”) suggests market enthusiasm that can benefit BlackRock’s ETF distribution and brand momentum. XRP News Today: BlackRock ETF Buzz Lifts Bullish Price Outlook
• Neutral Sentiment: Benzinga’s price/earnings overview reiterates valuation metrics (PE/PEG) that make BLK appear expensive to some investors; useful context but not a near-term catalyst. Price Over Earnings Overview: BlackRock
• Neutral Sentiment: Head‑to‑head and analyst notes (peer comparisons, a “Hold” from Wall Street Zen) are mixed and represent incremental, not decisive, information for the stock. Westwood Holdings Group (NYSE:WHG) vs. BlackRock (NYSE:BLK) Head-To-Head Comparison BlackRock (NYSE:BLK) Upgraded to “Hold” at Wall Street Zen
• Negative Sentiment: Spot Bitcoin ETF outflows over the holiday week totaled ~$782M and BlackRock’s IBIT led redemptions (~$193M), creating near‑term AUM and fee pressure for BlackRock’s crypto ETF business. Spot Bitcoin ETFs bleed $782M during Christmas week amid ‘holiday positioning’

BlackRock Stock Down 0.1%

Shares of BlackRock stock opened at $1,087.07 on Tuesday. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $1,072.41 and its 200 day moving average is $1,096.36. The company has a market cap of $168.66 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.72 and a beta of 1.47.

BlackRock (NYSE:BLK) last posted its earnings results on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). The company had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.22 billion. BlackRock had a return on equity of 14.80% and a net margin of 26.64%.The company’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period last year, the firm posted $11.46 EPS. Research analysts anticipate that BlackRock will post 47.41 EPS for the current year.

BlackRock Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BLK shares. Cowen reissued a “buy” rating on shares of BlackRock in a research note on Wednesday, October 15th. TD Cowen increased their price objective on shares of BlackRock from $1,301.00 to $1,407.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Barclays reduced their price objective on shares of BlackRock from $1,360.00 to $1,340.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft cut their price target on shares of BlackRock from $1,305.00 to $1,298.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of BlackRock from $1,390.00 to $1,322.00 and set an “outperform” rating for the company in a report on Tuesday, December 16th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and an average target price of $1,316.18.

About BlackRock

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.