LGT Group Foundation Has $53.16 Million Stock Holdings in BlackRock $BLK

LGT Group Foundation grew its stake in shares of BlackRock (NYSE:BLK) by 13.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,590 shares of the asset manager’s stock after purchasing an additional 5,370 shares during the period. LGT Group Foundation’s holdings in BlackRock were worth $53,162,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Navalign LLC boosted its holdings in shares of BlackRock by 1.1% in the third quarter. Navalign LLC now owns 1,767 shares of the asset manager’s stock worth $2,060,000 after buying an additional 19 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of BlackRock by 13.9% during the third quarter. Russell Investments Group Ltd. now owns 82,701 shares of the asset manager’s stock valued at $96,594,000 after acquiring an additional 10,117 shares during the period. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of BlackRock by 12.7% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 372 shares of the asset manager’s stock valued at $434,000 after acquiring an additional 42 shares during the period. Fort Sheridan Advisors LLC lifted its position in shares of BlackRock by 7.3% in the 3rd quarter. Fort Sheridan Advisors LLC now owns 731 shares of the asset manager’s stock valued at $852,000 after acquiring an additional 50 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in BlackRock by 2.5% during the 3rd quarter. Private Advisor Group LLC now owns 12,697 shares of the asset manager’s stock valued at $14,803,000 after purchasing an additional 307 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other BlackRock news, Director Stephen Cohen sold 225 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $1,069.56, for a total transaction of $240,651.00. Following the completion of the transaction, the director owned 5,661 shares of the company’s stock, valued at $6,054,779.16. The trade was a 3.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin Small sold 27,047 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $1,171.14, for a total value of $31,675,823.58. Following the completion of the sale, the chief financial officer directly owned 10,557 shares in the company, valued at approximately $12,363,724.98. This represents a 71.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 111,319 shares of company stock valued at $123,999,249 in the last quarter. 1.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on BLK shares. Barclays raised their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $1,313.00 price objective on shares of BlackRock in a research note on Tuesday, December 9th. CICC Research raised their price objective on BlackRock from $1,000.00 to $1,250.00 in a research report on Tuesday, February 3rd. UBS Group upgraded BlackRock from a “neutral” rating to a “buy” rating and set a $1,280.00 target price on the stock in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of BlackRock in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,308.89.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is expanding its iShares iBonds ETF franchise — nine new defined‑maturity bond ETFs across Treasuries, TIPS, corporates, high yield and muni markets — which supports fee growth and ETF distribution strength. BlackRock Announces Plans to Expand iBonds ETF Franchise
• Positive Sentiment: BlackRock launched the iShares Broad USD Floating Rate Loan ETF (USLN), opening index‑based access to the $1.4T leveraged‑loan market — a distribution/growth opportunity for its ETF business. BlackRock Launches USLN ETF
• Positive Sentiment: Institutional adoption of BlackRock’s Aladdin Wealth continues: Intesa Sanpaolo will extend use of Aladdin Wealth for its international banks unit, supporting recurring technology revenue. Intesa Sanpaolo to adopt BlackRock’s Aladdin Wealth
• Neutral Sentiment: Regulatory disclosure: BlackRock disclosed its stake in Finland’s Orion Corp lifted above 5%, a routine holdings disclosure with little immediate impact on BLK’s fundamentals. Orion Corporation disclosure
• Negative Sentiment: Market shock: BlackRock capped withdrawals from a $26B private‑credit vehicle after redemption requests exceeded the periodic limit, prompting a broad selloff in BLK and peers as investors reassess liquidity risk in private credit. Forbes: BlackRock Shares Tumble After Limits
• Negative Sentiment: Credit stress: Reporting says BlackRock took a $25M loan write‑off and faced roughly $1.2B in redemption requests tied to private credit, underscoring valuation and liquidity risks in opaque private loan portfolios. Blockonomi: Loan Write-Off & Redemptions
• Negative Sentiment: Contagion risk: The move put alternative asset managers (Blackstone, Apollo, KKR, Ares, Blue Owl) under scrutiny as investors test redemption mechanics across private‑credit and alternative strategies. Benzinga: Peers Under Watch
• Negative Sentiment: Analyst reaction: Evercore trimmed its price target modestly, reflecting near‑term caution after the private‑credit developments. Analyst downgrades/target cuts could add selling pressure if more follow. MarketScreener: Evercore Adjusts Price Target

BlackRock Price Performance

Shares of NYSE:BLK opened at $953.67 on Monday. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,219.94. The business has a 50-day moving average of $1,089.21 and a two-hundred day moving average of $1,098.99. The stock has a market capitalization of $148.33 billion, a P/E ratio of 26.92, a P/E/G ratio of 1.20 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.98 and a quick ratio of 2.98.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $6.80 billion. During the same quarter in the prior year, the firm posted $11.93 EPS. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. On average, equities research analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Friday, March 6th will be issued a dividend of $5.73 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $22.92 annualized dividend and a dividend yield of 2.4%. This is an increase from BlackRock’s previous quarterly dividend of $5.21. BlackRock’s payout ratio is currently 64.71%.

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.