New York State Teachers Retirement System Cuts Position in BlackRock $BLK

New York State Teachers Retirement System lowered its position in shares of BlackRock (NYSE:BLK) by 1.1% in the third quarter, Holdings Channel reports. The firm owned 117,578 shares of the asset manager’s stock after selling 1,296 shares during the period. New York State Teachers Retirement System’s holdings in BlackRock were worth $137,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Westerkirk Capital Inc. bought a new position in shares of BlackRock during the second quarter valued at approximately $2,877,000. Police & Firemen s Retirement System of New Jersey boosted its position in BlackRock by 7.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 23,167 shares of the asset manager’s stock valued at $24,308,000 after purchasing an additional 1,693 shares during the period. California Public Employees Retirement System grew its stake in BlackRock by 8.2% during the 2nd quarter. California Public Employees Retirement System now owns 256,937 shares of the asset manager’s stock worth $269,591,000 after buying an additional 19,404 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in BlackRock in the third quarter worth $6,201,000. Finally, Wealthfront Advisers LLC lifted its stake in BlackRock by 12.2% in the second quarter. Wealthfront Advisers LLC now owns 20,020 shares of the asset manager’s stock valued at $21,006,000 after buying an additional 2,176 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BlackRock

In related news, CFO Martin Small sold 1,258 shares of the business’s stock in a transaction that occurred on 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 directly owned 6,209 shares in the company, valued at $6,478,346.42. The trade was a 16.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rachel Lord sold 12,000 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the sale, the director owned 7,205 shares of the company’s stock, valued at $8,394,113.20. This trade represents a 62.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.98% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock and others see a big potential expansion in retail access to crypto, which supports future ETF/net‑new‑asset upside if Main Street demand grows. BlackRock predicts major shift in retail investors’ access to cryptocurrencies
• Positive Sentiment: Tokenization adoption: Jupiter launched JupUSD with reserves tied to BlackRock’s tokenized BUIDL fund — a sign BlackRock-backed institutional assets are being used in on‑chain products, which could broaden distribution and fees long term. Jupiter Exchange Launches JupUSD Stablecoin with BlackRock-Backed Reserves
• Positive Sentiment: Company clarification: BlackRock publicly reiterated it does not buy single‑family homes after a Trump proposal sparked market confusion — the clarification reduces an ongoing reputational/regulatory overhang for the firm. EXCLUSIVE: BlackRock Says It Does Not Buy Single-Family Homes After Trump Proposal
• Neutral Sentiment: Governance/leadership attention: BlackRock’s Rick Rieder was asked about being on a short list for Fed Chair — raises headlines but uncertain impact on firm fundamentals; investors may watch for potential conflicts or time distractions if the story develops. BlackRock’s Rieder Reacts to Being Considered for Fed Chair
• Neutral Sentiment: BlackRock crypto leadership: senior ETF executives said it’s still “very early days” for Bitcoin/Ethereum adoption — tempered optimism that supports a measured, long‑run view on crypto AUM. BlackRock ETF Chief Says ‘Still Very Early Days’ For Bitcoin, Ethereum
• Neutral Sentiment: Minor ownership update: BlackRock reduced its stake in Finland’s Orion below the 5% disclosure threshold — routine portfolio move, limited impact on BLK fundamentals. Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
• Negative Sentiment: Large crypto flows/signals: multiple outlets reported BlackRock moved sizable BTC/ETH to Coinbase Prime (and some headlines framed it as “dumping” ~$276M BTC and ~$83M ETH), which can spook investors about crypto exposure and short‑term ETF flows. BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime
• Negative Sentiment: Policy/politics ripple: Trump’s housing proposal triggered market confusion and a selloff in some real‑estate/asset‑manager stocks (and headlines conflating BlackRock/Blackstone amplified volatility), pressuring sentiment toward BLK. Trump Targets Wall Street Homebuyers: Why BlackRock, Blackstone Are Feeling The Heat
• Negative Sentiment: Analyst tweak: Keefe, Bruyette & Woods trimmed BLK’s price target slightly (still an outperform rating) — a modest headwind for sentiment. Keefe, Bruyette & Woods lowers price target on BlackRock

BlackRock Trading Down 0.3%

Shares of NYSE:BLK opened at $1,085.06 on Friday. The company has a 50 day moving average of $1,067.10 and a 200-day moving average of $1,102.31. The firm has a market cap of $168.35 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.47. BlackRock has a twelve month low of $773.74 and a twelve month 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.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a net margin of 26.64% and a return on equity of 14.80%. The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.22 billion. During the same quarter in the prior year, the business earned $11.46 EPS. BlackRock’s revenue was up 25.2% compared to the same quarter last year. As a group, analysts anticipate that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on BLK. Cowen restated a “buy” rating on shares of BlackRock in a research report on Wednesday, October 15th. TD Cowen boosted their target price on shares of BlackRock from $1,301.00 to $1,407.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Barclays dropped their price target on shares of BlackRock from $1,340.00 to $1,300.00 and set an “overweight” rating on the stock in a research note on Thursday. Bank of America lifted their price target on BlackRock from $1,456.00 to $1,464.00 in a report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on BlackRock from $1,305.00 to $1,298.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,313.12.

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.