Hudson Bay Capital Management LP Acquires Shares of 3,252 BlackRock $BLK

Hudson Bay Capital Management LP bought a new position in BlackRock (NYSE:BLK) in the third quarter, HoldingsChannel.com reports. The fund bought 3,252 shares of the asset manager’s stock, valued at approximately $3,791,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after purchasing an additional 296 shares during the last quarter. Bison Wealth LLC boosted its position in BlackRock by 1.6% in the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after buying an additional 17 shares during the last quarter. Schnieders Capital Management LLC. bought a new position in BlackRock in the 2nd quarter valued at $259,000. Empowered Funds LLC increased its stake in shares of BlackRock by 21.3% in the 2nd quarter. Empowered Funds LLC now owns 4,725 shares of the asset manager’s stock valued at $4,958,000 after buying an additional 830 shares during the period. Finally, Prudential PLC raised its position in shares of BlackRock by 14.3% during the second quarter. Prudential PLC now owns 2,755 shares of the asset manager’s stock worth $2,891,000 after acquiring an additional 344 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock-backed staked-ETH product and related ETF flows are drawing institutional interest, which can boost fee-bearing AUM and revenue over time. Ethereum (ETH) Price Analysis: Can $385M ETF Inflows Spark a Major Rally?
• Positive Sentiment: BlackRock Canada announced March cash distributions for many iShares ETFs — a sign of ongoing product cash flows and client engagement in Canada that supports predictable ETF income and retention. BlackRock® Canada Announces March Cash Distributions for the iShares® ETFs
• Positive Sentiment: BlackRock CIO Rick Rieder publicly backed the Fed’s “patience” on rates and called recent energy-driven inflation spikes “episodic,” messaging that could calm investors and support risk assets (beneficial for asset managers’ flows). BlackRock’s Rick Rieder says Fed ‘patience’ is right call despite $820 billion market rout, oil spike
• Neutral Sentiment: Regulatory/ownership disclosure: BlackRock’s stake in Finnish drugmaker Orion dropped below 5% — a routine portfolio move that has limited direct impact on BLK but is a public holdings change. Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
• Neutral Sentiment: World Economic Forum governance changes under discussion could consolidate influence among trustees, including BlackRock CEO Larry Fink — reputational/governance risk to monitor but uncertain financial impact. World Economic Forum explores trustee shake-up after scandals
• Neutral Sentiment: Larry Fink’s comments warning AI could worsen unemployment for new graduates reinforce BlackRock’s leadership role in policy debates—important for reputation but not an immediate earnings driver. BlackRock CEO Larry Fink warns AI is creating a ‘crisis’ for Gen Z workers
• Negative Sentiment: Pomerantz launched an investor investigation into BlackRock, which raises potential litigation risk and can increase short-term share-price pressure due to uncertainty and legal costs. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlackRock, Inc. – BLK

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods cut BlackRock from a “moderate buy” rating to a “moderate sell” rating in a report on Tuesday, March 3rd. The Goldman Sachs Group restated a “buy” rating and set a $1,313.00 target price on shares of BlackRock in a research report on Tuesday, December 9th. Evercore reduced their target price on shares of BlackRock from $1,275.00 to $1,235.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th. TD Cowen cut shares of BlackRock from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, CICC Research boosted their price target on shares of BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,308.89.

BlackRock Price Performance

Shares of BLK stock opened at $958.10 on Friday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,219.94. The firm has a fifty day moving average of $1,062.40 and a 200-day moving average of $1,086.77. The firm has a market capitalization of $149.03 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, topping the consensus estimate of $12.55 by $0.61. BlackRock had a return on equity of 14.78% and a net margin of 22.93%.The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter last year, the business posted $11.93 EPS. The firm’s revenue was up 23.4% compared to the same quarter last year. On average, equities research analysts forecast that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be issued a dividend of $5.73 per share. This is a boost from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date is Friday, March 6th. This represents a $22.92 annualized dividend and a dividend yield of 2.4%. BlackRock’s dividend payout ratio (DPR) is presently 64.71%.

Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $1,125.00, for a total value of $22,500,000.00. Following the completion of the transaction, the director owned 61,894 shares in the company, valued at $69,630,750. This represents a 24.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Small sold 27,047 shares of the 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 sale, the chief financial officer directly owned 10,557 shares of the company’s stock, valued at $12,363,724.98. This represents a 71.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 111,319 shares of company stock valued at $123,999,249 over the last 90 days. 1.98% of the stock is owned by company insiders.

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.