Key Points
- COO Robert Goldstein sold 5,293 BlackRock shares at an average of $1,084.22 for a total of $5,738,776.46, trimming his position by 10.28% to 46,185 shares valued at about $50.07 million.
- Dividend increase: BlackRock raised its quarterly dividend to $5.73 (annualized $22.92), implying a ~2.2% yield, with an ex-dividend date of March 6 and payment on March 24.
- BlackRock beat EPS expectations ($13.16 vs. $12.55) while revenue of $6.33 billion fell short of estimates but was up 23.4% year‑over‑year; separately, the WSJ reported a roughly $400M loss tied to fake invoices in a private‑credit position, underscoring private‑markets risk.
BlackRock (NYSE:BLK - Get Free Report) COO Robert Goldstein sold 5,293 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $1,084.22, for a total value of $5,738,776.46. Following the transaction, the chief operating officer owned 46,185 shares in the company, valued at $50,074,700.70. This represents a 10.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
BlackRock Stock Down 2.5%
BlackRock stock opened at $1,055.33 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 has a market capitalization of $163.73 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.47. The business has a 50 day simple moving average of $1,093.52 and a 200-day simple moving average of $1,106.15. BlackRock has a 12 month low of $773.74 and a 12 month high of $1,219.94.
BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.55 by $0.61. The firm had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.80 billion. BlackRock had a net margin of 22.93% and a return on equity of 15.14%. The firm's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last year, the company earned $11.93 EPS. On average, analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.
BlackRock Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be paid a dividend of $5.73 per share. This is an increase from BlackRock's previous quarterly dividend of $5.21. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. BlackRock's dividend payout ratio is presently 58.84%.
Hedge Funds Weigh In On BlackRock
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in BlackRock by 23.1% during the fourth 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 period. Bison Wealth LLC raised its position in shares of BlackRock by 1.6% during 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 period. Altus Wealth Group LLC acquired a new position in BlackRock in the second quarter valued at approximately $215,000. CWM LLC grew its position in BlackRock by 1.6% in the second quarter. CWM LLC now owns 9,502 shares of the asset manager's stock worth $9,969,000 after acquiring an additional 152 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in BlackRock by 1.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 33,632 shares of the asset manager's stock worth $35,457,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.
More BlackRock News
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock launched a first‑of‑its‑kind institutional DeFi integration by listing its USD Institutional Digital Liquidity Fund (BUIDL) on Uniswap and buying UNI tokens — a move that broadens BlackRock’s digital‑assets distribution channels and signals new product reach and potential fee/asset flows. BlackRock enters DeFi, taps Uniswap for institutional token trading
- Neutral Sentiment: SEC 13F disclosures and fund updates show large portfolio repositioning by BlackRock’s funds (big additions to IVV, MSFT, GOOGL, AMZN and new sizable positions in tickers like Q, SOLS, LXP) — illustrates active asset management scale but is informational for fund flows rather than an immediate company earnings signal. Fund Update: BlackRock, Inc. Just Disclosed New Holdings
- Neutral Sentiment: Regulatory/ownership notices: BlackRock’s voting stake in Austria’s BAWAG Group was recently disclosed around the 5% threshold (movements reported both up and slightly down across entities) — a routine large‑investor disclosure with limited direct impact on BLK’s core business. BlackRock Raises Voting Stake in BAWAG Group to 5.77%
- Negative Sentiment: Insider selling: COO Robert L. Goldstein executed large open‑market sales on Feb. 10–11 (totaling ~59k shares, SEC Form 4 filed) — sizable insider sales can pressure sentiment and raise investor questions even if sales are for diversification or tax reasons. SEC Form 4 disclosure
- Negative Sentiment: Reports of portfolio and product risk: WSJ reports a $400M loss tied to fake invoices at a BlackRock unit’s private‑credit position, highlighting execution and due‑diligence risks in its private markets business — a reputational and P&L headline that can weigh on valuation multiple. How Fake Invoices Duped BlackRock Unit Into a $400 Million Loan
- Negative Sentiment: Crypto headwinds: crypto market weakness and reporting that BlackRock has pared Bitcoin and Ethereum exposure in some crypto portfolios could reduce near‑term AUM and fee growth in digital‑asset products and dampen enthusiasm from the earlier Uniswap announcement. Major Institutional Shift? Bitcoin And Ethereum Are Steadily Leaving BlackRock’s Crypto Portfolio
Wall Street Analyst Weigh In
BLK has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on BlackRock from $1,296.00 to $1,380.00 in a report on Thursday, January 15th. Barclays lifted their price target on BlackRock from $1,300.00 to $1,350.00 and gave the stock an "overweight" rating in a research note on Friday, January 16th. Wall Street Zen raised BlackRock from a "sell" rating to a "hold" rating in a research note on Saturday, January 17th. The Goldman Sachs Group restated a "buy" rating and issued a $1,313.00 price objective on shares of BlackRock in a report on Tuesday, December 9th. Finally, Bank of America upped their target price on shares of BlackRock from $1,456.00 to $1,464.00 in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, BlackRock presently has an average rating of "Moderate Buy" and a consensus price target of $1,311.11.
Check Out Our Latest Report on BlackRock
About BlackRock
(
Get Free Report)
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.
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