Palumbo Wealth Management LLC Has $4.86 Million Stake in BlackRock $BLK

Palumbo Wealth Management LLC increased its position in BlackRock (NYSE:BLK) by 890.0% during the third quarter, Holdings Channel.com reports. The firm owned 4,168 shares of the asset manager’s stock after buying an additional 3,747 shares during the quarter. BlackRock accounts for approximately 1.3% of Palumbo Wealth Management LLC’s holdings, making the stock its 21st biggest position. Palumbo Wealth Management LLC’s holdings in BlackRock were worth $4,859,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Pacifica Partners Inc. raised its holdings in BlackRock by 450.0% during the third quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after buying an additional 18 shares during the last quarter. TruNorth Capital Management LLC increased its position in shares of BlackRock by 1,000.0% during the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock worth $26,000 after acquiring an additional 20 shares in the last quarter. Traub Capital Management LLC bought a new stake in shares of BlackRock during the second quarter worth about $28,000. Whipplewood Advisors LLC raised its holdings in shares of BlackRock by 107.1% in the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after acquiring an additional 15 shares during the last quarter. Finally, Hopwood Financial Services Inc. raised its holdings in shares of BlackRock by 866.7% in the 3rd quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock worth $34,000 after acquiring an additional 26 shares during the last quarter. 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: UBS upgraded BlackRock, which can lend near-term support to the share price by increasing buy-side demand and signaling stronger relative outlooks from a major broker. UBS upgrades BlackRock (BLK)
• Positive Sentiment: BlackRock slightly increased a major stake in Austria’s BAWAG Group, showing active portfolio positioning and willingness to upweight meaningful holdings — a signal of capital deployment and engagement that can be seen as constructive for fee-generating investment activity. BlackRock Slightly Increases Major Stake in BAWAG Group
• Positive Sentiment: Coverage on BlackRock’s planned ETHB Ethereum staking ETF highlights product innovation (staking a large portion of ETH, sharing rewards with investors) that could expand fee-bearing ETF/AUM opportunities if adoption continues. This is strategically important even if adoption timing is uncertain. BlackRock’s ETHB Ethereum Staking ETF Set to Reshape Institutional Crypto Investment
• Neutral Sentiment: BlackRock Canada announced final February cash distributions for its iShares Premium Money Market ETF — a routine payout for unitholders that has limited direct impact on BLK’s share price but underscores ongoing product operations and client flows in cash management product lines. BlackRock® Canada Announces Final February Cash Distributions for the iShares® Premium Money Market ETF
• Neutral Sentiment: Coverage that lists BlackRock in industry roundups (e.g., most-anticipated IPOs) is background-level press that doesn’t materially move the stock on its own. 3 of the Most Highly Anticipated IPOs of 2026 (BLK)
• Negative Sentiment: U.S. spot Bitcoin ETFs have seen consecutive outflows (~$4.5B in 2026 so far), which pressures crypto-related AUM and fee revenue; that trend likely weighed on sentiment given BlackRock’s active crypto ETF offerings and product development in digital-asset space. Bitcoin ETFs Bleed $4.5 Billion in 2026 So Far – Will the Outflows Continue?

Insider Activity

In other BlackRock news, Director J. Richard Kushel sold 20,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 61,894 shares in the company, valued at $69,630,750. This represents a 24.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert L. Goldstein sold 5,293 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $1,084.22, for a total transaction of $5,738,776.46. Following the completion of the transaction, the chief operating officer directly owned 46,185 shares of the company’s stock, valued at approximately $50,074,700.70. The trade was a 10.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 109,967 shares of company stock worth $122,487,380. Insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the subject of a number of analyst reports. Evercore cut their price target on BlackRock from $1,300.00 to $1,275.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Jefferies Financial Group restated a “buy” rating and issued a $1,351.00 target price on shares of BlackRock in a report on Friday, January 16th. BMO Capital Markets cut their target price on BlackRock from $1,300.00 to $1,250.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. BNP Paribas Exane increased their price target on BlackRock from $1,290.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Finally, Freedom Capital upgraded BlackRock from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,311.11.

BlackRock Trading Down 2.1%

Shares of BlackRock stock opened at $1,070.16 on Tuesday. The firm has a market cap of $166.04 billion, a PE ratio of 30.21, a P/E/G ratio of 1.37 and a beta of 1.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 3.33. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,219.94. The stock has a fifty day moving average price of $1,093.41 and a 200-day moving average price of $1,104.46.

BlackRock (NYSE:BLK) last issued its quarterly earnings results 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 15.14% and a net margin of 22.93%.The firm had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.80 billion. During the same quarter in the prior year, the firm earned $11.93 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. Equities research analysts anticipate that BlackRock will post 47.41 EPS for the current 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 paid a dividend of $5.73 per share. This is an increase from BlackRock’s previous quarterly dividend of $5.21. This represents a $22.92 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 6th. BlackRock’s dividend payout ratio is presently 58.84%.

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.