BlackRock $BLK Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in BlackRock (NYSE:BLK) by 39.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,917 shares of the asset manager’s stock after buying an additional 7,666 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in BlackRock were worth $31,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of BlackRock during the second quarter valued at $2,644,007,000. Laurel Wealth Advisors LLC raised its holdings in BlackRock by 105,267.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,705,899 shares of the asset manager’s stock worth $1,789,915,000 after buying an additional 1,704,280 shares during the period. Franklin Resources Inc. lifted its stake in BlackRock by 72.5% during the second quarter. Franklin Resources Inc. now owns 2,005,358 shares of the asset manager’s stock valued at $2,104,122,000 after buying an additional 842,901 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of BlackRock by 1,962.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 792,494 shares of the asset manager’s stock worth $831,524,000 after buying an additional 754,060 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of BlackRock by 29,043.2% in the third quarter. Parkside Financial Bank & Trust now owns 245,094 shares of the asset manager’s stock worth $285,748,000 after acquiring an additional 244,253 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Rick Rieder, BlackRock’s head of fixed income, is widely viewed as a leading candidate for Fed chair; markets are treating his potential appointment as supportive for bond markets and for BlackRock’s stature and policy influence. Fed favorite Rick Rieder manages a $2.4 trillion BlackRock portfolio—and knows more about the bond market than anyone in America
• Positive Sentiment: An analyst upgrade from Freedom Capital raised BLK’s price target (cited lift to $1,364), reflecting confidence in earnings potential and reinforcing buy-side sentiment. Freedom Capital Boosts BlackRock, Inc. (BLK) Target Amid Strong Earnings Potential
• Positive Sentiment: BlackRock and Partners Group launched a private-markets SMA for wealth platforms, expanding distribution to high-net-worth channels and monetizable AUM sources. This supports fee-growth diversification. BlackRock, Partners Group Launch Private Markets SMA
• Positive Sentiment: BlackRock extended a long-term index licensing pact with MSCI, a distribution/operational win that helps stabilize passive product offerings and indexing relationships. MSCI, BlackRock extend long-term equity index licensing pact
• Positive Sentiment: BlackRock-backed financing led a $257M Series D for Cellares, signaling continued strategic venture investing and potential upside from private-tech exposure in its balance of alternatives. Cellares Raises $257 Million Series D Led by BlackRock and Eclipse
• Neutral Sentiment: BlackRock filed another Bitcoin ETF and a covered-call version surfaced, extending its crypto product push — filings themselves draw attention but not guaranteed immediate revenue. BlackRock Drops Another Bitcoin ETF, But No Sign Of An XRP ETF, What’s Going On?
• Negative Sentiment: A WSJ report highlighted a BlackRock fund that disclosed a 19% markdown after previously marking holdings full-value, reigniting concerns about transparency and valuation risk in private-credit allocations. That could pressure sentiment around illiquid asset exposure and fee sustainability. How a BlackRock Loss Reignited Worries About What Is Hiding in Private-Credit
• Negative Sentiment: Commentary criticizes the proliferation of covered-call crypto ETFs (including BlackRock’s new covered-call Bitcoin product) as a potentially risky product glut that could hurt long-term investor outcomes and attract regulatory scrutiny. BlackRock’s New Covered Call Bitcoin ETF Is Another Red Flag for a Dangerous Investing Trend

BlackRock Stock Performance

Shares of BLK stock opened at $1,127.04 on Friday. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,219.94. The stock’s 50-day moving average is $1,086.07 and its two-hundred day moving average is $1,107.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 3.33. The firm has a market cap of $174.86 billion, a P/E ratio of 31.82, a PEG ratio of 1.41 and a beta of 1.47.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, beating the consensus estimate of $12.55 by $0.61. BlackRock had a return on equity of 15.14% and a net margin of 22.93%.The business had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.80 billion. During the same quarter in the previous year, the business posted $11.93 EPS. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. Analysts predict that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be paid a dividend of $5.73 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date is Friday, March 6th. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. BlackRock’s dividend payout ratio (DPR) is currently 58.84%.

Insiders Place Their Bets

In related news, Director J. Richard Kushel sold 20,000 shares of BlackRock stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $1,125.00, for a total value of $22,500,000.00. Following the completion of the sale, the director owned 61,894 shares of the company’s stock, valued at approximately $69,630,750. The trade was a 24.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin Small sold 27,047 shares of the stock in a transaction on 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 transaction, the chief financial officer directly owned 10,557 shares in the company, valued at $12,363,724.98. The trade was a 71.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,305 shares of company stock worth $55,488,396 in the last 90 days. 1.98% of the stock is owned by insiders.

Analyst Ratings Changes

BLK has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $1,351.00 price target on shares of BlackRock in a research report on Friday, January 16th. UBS Group set a $1,280.00 target price on BlackRock in a report on Friday, January 16th. Morgan Stanley upped their price target on BlackRock from $1,514.00 to $1,550.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Argus raised their price objective on BlackRock from $1,165.00 to $1,330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. lifted their target price on BlackRock from $1,244.00 to $1,267.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,314.71.

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.