Bank of New York Mellon Corp Sells 14,170 Shares of BlackRock $BLK

Bank of New York Mellon Corp decreased its position in shares of BlackRock (NYSE:BLK) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,030,344 shares of the asset manager’s stock after selling 14,170 shares during the period. Bank of New York Mellon Corp’s holdings in BlackRock were worth $1,201,246,000 at the end of the most recent quarter.

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

BlackRock Price Performance

BlackRock stock opened at $1,106.19 on Wednesday. BlackRock has a 52-week low of $773.74 and a 52-week 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 firm’s fifty day moving average is $1,081.27 and its 200 day moving average is $1,107.40. The company has a market cap of $171.63 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.41 and a beta of 1.47.

BlackRock (NYSE:BLK) last announced its earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.55 by $0.61. BlackRock had a net margin of 22.93% and a return on equity of 15.14%. The firm had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.80 billion. During the same period in the prior year, the company earned $11.93 EPS. The business’s revenue was up 23.4% compared to the same quarter last year. Sell-side analysts forecast that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be paid a $5.73 dividend. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. BlackRock’s dividend payout ratio is 58.84%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BLK shares. BNP Paribas Exane boosted their price target on BlackRock from $1,290.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $1,244.00 to $1,267.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. Morgan Stanley upped their target price on shares of BlackRock from $1,514.00 to $1,550.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. UBS Group set a $1,280.00 target price on shares of BlackRock in a research note on Friday, January 16th. Finally, Barclays boosted their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,314.71.

Insider Buying and Selling

In other news, Director J. Richard Kushel sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $1,125.00, for a total transaction of $22,500,000.00. Following the transaction, the director owned 61,894 shares of the company’s stock, valued at approximately $69,630,750. The trade was a 24.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Martin Small sold 27,047 shares of BlackRock stock in a transaction on Friday, January 16th. The stock was sold at an average price of $1,171.14, for a total transaction of $31,675,823.58. Following the transaction, the chief financial officer directly owned 10,557 shares of the company’s stock, valued at $12,363,724.98. The trade was a 71.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 48,305 shares of company stock valued at $55,488,396. Company insiders own 1.98% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Board addition strengthens governance and industry relationships — BlackRock elected Gregg R. Lemkau, Co‑CEO of BDT & MSD Partners, as an independent director; the hire is framed as adding deep market and investor-adviser experience to BlackRock’s board, a governance positive that can reassure investors. BlackRock Elects Gregg Lemkau to Board of Directors
• Positive Sentiment: Rieder Fed chatter raises BlackRock profile in fixed income — prediction markets and media coverage are naming BlackRock’s CIO of fixed income, Rick Rieder, as a leading Fed‑chair contender; that spotlight underscores BlackRock’s influence in rates/credit markets and could support asset‑gathering for its fixed‑income products. The market thinks BlackRock’s Rick Rieder will be the next Fed chair. Here’s what’s at stake
• Positive Sentiment: Product innovation in crypto ETFs — BlackRock filed for a new bitcoin ETF with a covered‑call strategy, expanding its crypto product set and demonstrating continued product innovation that can capture flows and fee revenue. BlackRock files for new bitcoin ETF with covered-call strategy
• Neutral Sentiment: BlackRock’s crypto ETF franchise remains a structural asset — coverage comparing bitcoin ETFs highlights iShares’ IBIT as the largest, low‑cost vehicle with strong institutional demand and partnerships (e.g., an annuity tie‑up), a long‑term positive for fee income though short‑term crypto volatility persists. 2 Bitcoin ETFs Whose Performances Don’t Justify Their Fees
• Neutral Sentiment: Portfolio moves: stake increases disclosed — BlackRock disclosed it raised its position in Caledonia Mining and has been active buying elsewhere (e.g., earlier disclosures showing large passive stakes); these are normal asset‑management portfolio actions and have limited direct impact on BlackRock’s own earnings but show active allocation. BlackRock Lifts Stake in Caledonia Mining to 7.45% of Voting Rights
• Negative Sentiment: Private‑credit markdowns create short‑term pressure — a private‑credit fund tied to BlackRock revealed a ~20% NAV markdown and has been heavily hit in premarket trade; concerns about valuation and liquidity in private credit can weigh on asset‑management sentiment and fee stability. Why a private-credit fund tied to BlackRock is getting hammered
• Negative Sentiment: Ongoing private‑credit scrutiny — follow‑on coverage flags broader rumblings in BlackRock’s private‑credit exposure, which could prompt closer investor scrutiny of alternative‑asset valuations and near‑term AUM/earnings risk. Asset Manager BlackRock (BLK) Runs into Private Credit Trouble

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.