State of Michigan Retirement System Has $47.88 Million Position in BlackRock $BLK

State of Michigan Retirement System lessened its holdings in BlackRock (NYSE:BLK) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,071 shares of the asset manager’s stock after selling 600 shares during the period. State of Michigan Retirement System’s holdings in BlackRock were worth $47,883,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of BlackRock by 23.1% during the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after buying an additional 296 shares during the period. Bison Wealth LLC grew its position in BlackRock by 1.6% in the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after acquiring an additional 17 shares during the period. Altus Wealth Group LLC acquired a new position in BlackRock during the second quarter worth $215,000. Sax Wealth Advisors LLC bought a new position in shares of BlackRock during the second quarter valued at $416,000. Finally, Clear Creek Financial Management LLC lifted its holdings in shares of BlackRock by 3.6% during the second quarter. Clear Creek Financial Management LLC now owns 606 shares of the asset manager’s stock valued at $636,000 after acquiring an additional 21 shares during the period. Institutional investors own 80.69% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s fixed‑income CIO Rick Rieder said emerging markets look “very attractive” as AI reshapes markets — comments that signal potential portfolio shifts and product marketing that could boost EM flows. Read More.
• Positive Sentiment: BlackRock increased an active stake in Archer Aviation (~8.1%), showing the firm is deploying capital into growth/innovative sectors — a move that highlights BlackRock’s trading and strategic investment activity beyond passive ETF management. Read More.
• Positive Sentiment: Product demand: coverage highlights demand for BlackRock fixed‑income/iShares ETFs that offer 4%+ income and growing interest in tokenized real‑world asset (RWA) products — both support fee revenue diversification. Read More.
• Positive Sentiment: RWA flows: Ondo Finance moved capital into BlackRock’s BUIDL fund, underscoring institutional appetite for tokenized treasury/RWA products that can expand BlackRock’s product suite and AUM. Read More.
• Neutral Sentiment: BlackRock notified BAWAG Group that it raised its stake above 5.8% — a passive/strategic holding that may matter for BAWAG but is unlikely to move BLK’s broad revenue picture materially. Read More.
• Negative Sentiment: IBIT experienced record daily trading ($10B) during a severe Bitcoin selloff; the ETF fell double digits on the day — extreme volatility drives trading but also price losses and short‑term outflows that can pressure fee income and sentiment around crypto products. Read More.
• Negative Sentiment: Wider crypto stress: reports show historic Bitcoin drawdown, elevated implied vol, forced liquidations and multi‑fund outflows (~$545M across U.S. spot Bitcoin ETFs), which may weigh on flows into BlackRock’s crypto product suite in the near term. Read More.

Insider Buying and Selling at BlackRock

In other BlackRock news, CFO Martin Small sold 27,047 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 10,557 shares of the company’s stock, valued at approximately $12,363,724.98. The trade was a 71.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director J. Richard Kushel sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were 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 in the company, valued at approximately $69,630,750. The trade was a 24.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,305 shares of company stock worth $55,488,396 in the last ninety days. 1.98% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on BLK. Deutsche Bank Aktiengesellschaft upped their target price on shares of BlackRock from $1,296.00 to $1,380.00 in a report on Thursday, January 15th. UBS Group set a $1,280.00 price target on shares of BlackRock in a research report on Friday, January 16th. Bank of America raised their price objective on shares of BlackRock from $1,456.00 to $1,464.00 in a report on Wednesday, December 10th. Argus lifted their target price on shares of BlackRock from $1,165.00 to $1,330.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods boosted their target price on BlackRock from $1,310.00 to $1,340.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,311.11.

BlackRock Price Performance

Shares of BLK stock opened at $1,055.62 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’s 50 day moving average is $1,092.08 and its 200-day moving average is $1,107.25. The firm has a market capitalization of $163.78 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 1.32 and a beta of 1.47.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share for the quarter, beating analysts’ consensus estimates of $12.55 by $0.61. BlackRock had a net margin of 22.93% and a return on equity of 15.14%. The business had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.80 billion. During the same quarter last year, the business posted $11.93 earnings per share. BlackRock’s revenue for the quarter 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be given a dividend of $5.73 per share. The ex-dividend date is Friday, March 6th. 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%. BlackRock’s dividend payout ratio is presently 58.84%.

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.