Fred Alger Management LLC Sells 693 Shares of BlackRock $BLK

Fred Alger Management LLC reduced its position in BlackRock (NYSE:BLK) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,332 shares of the asset manager’s stock after selling 693 shares during the quarter. Fred Alger Management LLC’s holdings in BlackRock were worth $13,212,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BLK. Pacifica Partners Inc. lifted its holdings in shares of BlackRock by 450.0% during the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after acquiring an additional 18 shares during the period. TruNorth Capital Management LLC increased its stake in BlackRock by 1,000.0% in the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 20 shares during the period. Traub Capital Management LLC acquired a new position in BlackRock in the second quarter worth about $28,000. Hopwood Financial Services Inc. raised its position in BlackRock by 866.7% in the third quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock worth $34,000 after purchasing an additional 26 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new position in BlackRock during the second quarter worth about $33,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock launched a new Ethereum ETF (iShares Staked Ethereum Trust, ETHB) that offers staking rewards, a product move likely to attract crypto‑interested AUM and fee revenue. BlackRock launches new ethereum ETF packed with staking rewards
• Positive Sentiment: Cryptos (Bitcoin and Ether) are rising and ETF inflows into crypto products are increasing — a tailwind for BlackRock’s digital assets business and its new crypto ETFs. Bitcoin touches a six-week high as investors pour into ETFs
• Positive Sentiment: Reporting shows BlackRock among the largest public holders of Bitcoin alongside Coinbase and others, reinforcing its role in crypto custody/ETF flows. That positioning supports revenue growth in digital asset products. Strategy Now Among Top 4 Bitcoin Holders, Alongside Satoshi, CoinBase and BlackRock
• Positive Sentiment: BlackRock increased its stake in Rentokil Initial above 12% (disclosed), showing active portfolio moves and signaling the firm’s large-scale equity allocations. Rentokil Initial Discloses Increase in BlackRock Stake Above 12%
• Neutral Sentiment: Headline coverage notes BLK outpaced the broader market today — a descriptive take that reflects the intraday move rather than new company fundamentals. Why BlackRock (BLK) Outpaced the Stock Market Today
• Neutral Sentiment: BlackRock warns in research that Treasuries and government bonds face further selling amid inflation pressures (AI chip demand, oil, military spending) — a market view that may influence client positioning but is not an immediate company credit issue. Treasuries and Other Government Bonds Will Keep Selling Off, BlackRock Says. These Risks Are Lurking.
• Negative Sentiment: Private‑credit stress: multiple reports flag investor redemptions and a potential exit wave from private credit funds (spillover from Blue Owl) — a clear risk for BlackRock’s private credit exposure and related fee/AUM stability. The private credit collapse spreads from Blue Owl to BlackRock Wall Street Lunch: Private Credit Funds Face $10B Investor Exit Wave

BlackRock Stock Up 2.1%

NYSE BLK opened at $943.30 on Tuesday. The stock has a fifty day moving average of $1,072.23 and a 200-day moving average of $1,090.91. The stock has a market capitalization of $146.72 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.18 and a beta of 1.48. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,219.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.98 and a current ratio of 2.98.

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

BlackRock Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered BlackRock from a “moderate buy” rating to a “moderate sell” rating in a research note on Tuesday, March 3rd. BMO Capital Markets cut their target price on BlackRock from $1,300.00 to $1,250.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. CICC Research boosted their price target on BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of BlackRock in a research report on Monday, December 29th. Finally, Barclays lifted their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the company an “overweight” rating in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,308.89.

Insider Buying and Selling at BlackRock

In other news, 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 transaction, the chief financial officer owned 10,557 shares of the company’s stock, valued at approximately $12,363,724.98. This trade represents a 71.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert L. Goldstein sold 54,190 shares of BlackRock stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $1,087.29, for a total transaction of $58,920,245.10. Following the sale, the chief operating officer owned 51,478 shares of the company’s stock, valued at approximately $55,971,514.62. This represents a 51.28% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 111,319 shares of company stock valued at $123,999,249. 1.98% of the stock is currently owned by company insiders.

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.