State of Alaska Department of Revenue Reduces Holdings in BlackRock $BLK

State of Alaska Department of Revenue decreased its stake in shares of BlackRock (NYSE:BLK) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,743 shares of the asset manager’s stock after selling 614 shares during the period. State of Alaska Department of Revenue’s holdings in BlackRock were worth $18,354,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of BlackRock by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 13,991,264 shares of the asset manager’s stock worth $14,680,334,000 after acquiring an additional 227,192 shares during the period. Geode Capital Management LLC boosted its position in shares of BlackRock by 1.1% during the second quarter. Geode Capital Management LLC now owns 3,143,429 shares of the asset manager’s stock valued at $3,281,641,000 after purchasing an additional 34,049 shares in the last quarter. Norges Bank purchased a new stake in BlackRock in the second quarter worth $2,644,007,000. Franklin Resources Inc. raised its holdings in BlackRock by 72.5% in the second quarter. Franklin Resources Inc. now owns 2,005,358 shares of the asset manager’s stock worth $2,104,122,000 after purchasing an additional 842,901 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its position in BlackRock by 105,267.4% during the second quarter. Laurel Wealth Advisors LLC now owns 1,705,899 shares of the asset manager’s stock valued at $1,789,915,000 after buying an additional 1,704,280 shares during the period. 80.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Cowen upped their target price on shares of BlackRock from $1,301.00 to $1,407.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. upped their price objective on shares of BlackRock from $1,093.00 to $1,242.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Keefe, Bruyette & Woods lowered their target price on shares of BlackRock from $1,322.00 to $1,310.00 and set an “outperform” rating for the company in a report on Thursday. Morgan Stanley boosted their price target on BlackRock from $1,486.00 to $1,514.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Finally, Loop Capital set a $1,255.00 price objective on BlackRock in a research report on Tuesday, October 21st. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, BlackRock has a consensus rating of “Moderate Buy” and an average target price of $1,313.12.

BlackRock Price Performance

Shares of BLK opened at $1,087.74 on Friday. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The company has a market capitalization of $168.76 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. The firm has a 50 day moving average of $1,067.03 and a 200 day moving average of $1,100.94. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.34.

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

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 5th were given a dividend of $5.21 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $20.84 annualized dividend and a dividend yield of 1.9%. BlackRock’s dividend payout ratio (DPR) is 53.59%.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock publicly denied that it buys single‑family homes after a Trump housing proposal caused market confusion, reducing headline-driven regulatory/PR risk for the firm and calming investors who conflated BlackRock with large institutional home‑buyers. Article Title
• Positive Sentiment: Analysts and market commentary expect BlackRock’s earnings to keep growing; upbeat model/earnings previews (Zacks) support a case that BLK may beat consensus, which is constructive for the stock’s valuation multiple. Article Title
• Positive Sentiment: Institutional crypto integrations tied to BlackRock (tokenized BUIDL reserves backing new stablecoin JupUSD on Solana, Jupiter exchange integrations) underline BlackRock’s growing footprint in tokenized/institutional digital‑asset products — a potential long‑run growth driver for fee products. Article Title
• Neutral Sentiment: BlackRock’s ETF head reiterated that it’s “still very early days” for Bitcoin and Ethereum adoption — a measured, long‑term bullish stance but not an immediate catalyst. Article Title
• Neutral Sentiment: Disclosure filings show BlackRock trimmed (or fell below) a 5% stake in Orion Corp — routine portfolio turnover with little likely impact on BLK’s fundamentals. Article Title
• Negative Sentiment: Reports that BlackRock moved roughly $276M in BTC and $83M in ETH to Coinbase Prime (some outlets described the transfers as “dumping”) are creating short‑term headline risk: transfers to exchange custody can be interpreted as intent to sell, which can spook crypto‑exposed assets and risk‑sensitive flows tied to BlackRock’s crypto products. The reporting is mixed though — some outlets frame the firm as an accumulator over several days — so the signal is ambiguous but has triggered near‑term volatility. Article Title Article Title
• Negative Sentiment: Keefe, Bruyette & Woods trimmed its BLK price target slightly (from $1,322 to $1,310), which is a modest negative signal for near‑term sentiment even though the rating remains “outperform.” Article Title

Insider Activity

In related news, CFO Martin Small sold 1,258 shares of BlackRock stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $1,043.38, for a total value of $1,312,572.04. Following the completion of the sale, the chief financial officer directly owned 6,209 shares in the company, valued at approximately $6,478,346.42. This trade represents a 16.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the transaction, the director owned 7,205 shares in the company, valued at $8,394,113.20. This represents a 62.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.98% of the stock is currently owned by company insiders.

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.