Beverly Hills Private Wealth LLC Has $4.23 Million Stock Position in BlackRock $BLK

Beverly Hills Private Wealth LLC lowered its stake in BlackRock (NYSE:BLK) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,627 shares of the asset manager’s stock after selling 473 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in BlackRock were worth $4,229,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BLK. Pekin Hardy Strauss Inc. increased its holdings in BlackRock by 3.3% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 2,359 shares of the asset manager’s stock worth $2,750,000 after purchasing an additional 75 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of BlackRock by 6,347.9% during the third quarter. Ontario Teachers Pension Plan Board now owns 42,234 shares of the asset manager’s stock worth $49,239,000 after buying an additional 41,579 shares in the last quarter. Cumberland Partners Ltd raised its position in BlackRock by 25.7% in the 3rd quarter. Cumberland Partners Ltd now owns 6,350 shares of the asset manager’s stock valued at $7,403,000 after buying an additional 1,300 shares during the last quarter. King Luther Capital Management Corp lifted its stake in BlackRock by 12.6% in the 3rd quarter. King Luther Capital Management Corp now owns 392 shares of the asset manager’s stock valued at $457,000 after acquiring an additional 44 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its position in BlackRock by 9.7% during the 3rd quarter. NewEdge Wealth LLC now owns 7,530 shares of the asset manager’s stock worth $8,084,000 after acquiring an additional 667 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BLK shares. CICC Research lifted their price objective on shares of BlackRock from $1,000.00 to $1,250.00 in a report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of BlackRock from $1,244.00 to $1,267.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. BNP Paribas Exane boosted their price target on shares of BlackRock from $1,290.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Freedom Capital upgraded BlackRock from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,351.00 target price on shares of BlackRock in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,311.11.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,082.23 on Friday. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,219.94. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.34. The firm has a market cap of $167.91 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 1.37 and a beta of 1.47. The business’s 50 day moving average is $1,093.58 and its 200-day moving average is $1,105.07.

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

BlackRock Increases Dividend

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

Insider Activity

In other news, Director J. Richard Kushel sold 20,000 shares of BlackRock stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $1,125.00, for a total value of $22,500,000.00. Following the transaction, the director owned 61,894 shares in the company, valued at approximately $69,630,750. This trade represents a 24.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen Cohen sold 2,179 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,073.87, for a total value of $2,339,962.73. Following the transaction, the director directly owned 6,543 shares of the company’s stock, valued at $7,026,331.41. This trade represents a 24.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 109,967 shares of company stock worth $122,487,380. 1.98% of the stock is owned by company insiders.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: ValueAct’s David Morfit disclosed a position in BlackRock and said the firm’s technology initiatives could make BlackRock “more powerful,” signaling potential activist support and strategic upside for the asset manager. ValueAct’s Morfit announces BlackRock position
• Positive Sentiment: Keefe, Bruyette & Woods raised its BLK price target to $1,340 and kept an outperform rating — a sizable analyst-upside that supports the stock’s valuation expectations. Keefe Bruyette Woods adjusts price target on BlackRock
• Positive Sentiment: Reports of a Hong Kong-linked firm and other large buyers putting significant capital into BlackRock’s iShares Bitcoin Trust (IBIT) highlight continued institutional demand for IBIT flows and fee-generating ETF assets. That demand can support revenues tied to ETF AUM. Mystery firm pours $436M into BlackRock’s ETF
• Positive Sentiment: Analysts remain broadly bullish on BLK’s medium-term growth despite recent underperformance, supporting buy-side interest and giving the stock fundamental backing. BlackRock Stock: Analyst Estimates & Ratings
• Neutral Sentiment: Jane Street and other market-maker 13F filings showed large IBIT positions, sparking manipulation rumors — but market-structure experts say those filings are consistent with dealer inventory/hedging rather than directional bets, so the impact on BLK is uncertain. Is Jane Street manipulating Bitcoin? The viral theory explained
• Neutral Sentiment: BlackRock trimmed a stake in a bitcoin-proxy strategy but remains the top shareholder — a modest repositioning that keeps it central to crypto ETF market dynamics without changing the company’s ETF leadership role. BlackRock trims stake in Bitcoin proxy Strategy
• Neutral Sentiment: Regulatory filings show new disclosed stakes in Qiagen and a sub‑5% indirect holding in Stora Enso — portfolio moves that matter for disclosure but are unlikely to shift BLK’s core business metrics materially. BlackRock Discloses stake in Qiagen
• Negative Sentiment: Rosen Law Firm announced an investigation into potential breaches of fiduciary duty by BlackRock directors/officers — litigation or governance scrutiny can create headline risk and investor unease. Rosen Law Firm investigation of BlackRock
• Negative Sentiment: Bitcoin ETFs recorded net outflows and a sharp slowdown in trading volume this week; weaker IBIT flows and crypto volatility can pressure fee growth tied to those ETFs. Bitcoin ETFs log $105M outflows as mystery IBIT buyer surfaces
• Negative Sentiment: Coverage noting that BLK “slid on investors’ concerns” points to short-term profit-taking and sentiment-driven volatility following the mix of news above. BlackRock (BLK) Slid on Investors’ Concerns

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.