Parr Mcknight Wealth Management Group LLC Purchases 2,244 Shares of BlackRock $BLK

Parr Mcknight Wealth Management Group LLC grew its holdings in shares of BlackRock (NYSE:BLK) by 51.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,612 shares of the asset manager’s stock after purchasing an additional 2,244 shares during the period. BlackRock makes up approximately 1.0% of Parr Mcknight Wealth Management Group LLC’s holdings, making the stock its 21st largest position. Parr Mcknight Wealth Management Group LLC’s holdings in BlackRock were worth $7,709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in shares of BlackRock by 23.1% in the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 296 shares during the last quarter. Bison Wealth LLC boosted its stake in BlackRock by 1.6% in the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock worth $1,078,000 after purchasing an additional 17 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in BlackRock during the 2nd quarter valued at about $259,000. Kornitzer Capital Management Inc. KS increased its stake in BlackRock by 1.8% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 1,289 shares of the asset manager’s stock valued at $1,352,000 after purchasing an additional 23 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in BlackRock by 4.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 528 shares of the asset manager’s stock worth $554,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: UBS upgraded BlackRock, which can boost investor sentiment and buying interest given UBS’s reach and influence among institutional clients. UBS upgrades BlackRock (BLK)
• Positive Sentiment: BlackRock participated in a >$250M funding round for Dutch AI chipmaker Axelera AI — a signal BLK is deploying capital into growth tech and AI infrastructure where future private/venture-style fees and strategic upside exist. This supports BlackRock’s alternatives/VC positioning. BlackRock Backs Dutch Chipmaker Axelera AI in $250 Million Round
• Positive Sentiment: Sources say BlackRock is among bidders in early talks for a potential $7B stake in Kuwait Petroleum’s pipeline assets — participation in large infrastructure deals can translate into sizable fee income and expanded private markets AUM if completed. KPC draws BlackRock to possible $7B pipeline deal
• Positive Sentiment: Coverage of BlackRock’s ETH staking ETF and growth in tokenized real-world assets highlights product innovation that can attract crypto AUM and new fee streams if adoption continues. This supports long-term AUM diversification. BlackRock’s ETHB Ethereum Staking ETF Set to Reshape Institutional Crypto Investment
• Neutral Sentiment: BlackRock Canada announced routine cash distributions for an iShares Premium Money Market ETF — operational/flow news but not material to BLK’s consolidated earnings. BlackRock Canada Announces Final February Cash Distributions
• Neutral Sentiment: BlackRock slightly increased its stake in BAWAG Group — a portfolio/holding update that is unlikely to move BLK’s share price materially on its own. BlackRock Slightly Increases Major Stake in BAWAG Group
• Negative Sentiment: BlackRock’s bond chief Rick Rieder warned that not all Treasurys are a reliable safe haven amid rising bond volatility — comments that could heighten investor caution around fixed‑income performance and potential outflows from core bond funds. Not all Treasurys are a reliable haven — Rick Rieder
• Negative Sentiment: Broader crypto flows are mixed — U.S. spot Bitcoin ETFs have seen multi-week outflows in 2026, which could counterbalance gains from BlackRock’s crypto product launches if outflows persist. Bitcoin ETFs Bleed $4.5 Billion in 2026 So Far

BlackRock Price Performance

NYSE BLK opened at $1,070.16 on Tuesday. The company has a 50-day moving average price of $1,093.41 and a 200-day moving average price of $1,104.46. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,219.94. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $166.04 billion, a P/E ratio of 30.21, a PEG ratio of 1.37 and a beta of 1.47.

BlackRock (NYSE:BLK) last announced its 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. BlackRock had a net margin of 22.93% and a return on equity of 15.14%. The company had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.80 billion. During the same period in the previous year, the business posted $11.93 earnings per share. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. Equities research analysts anticipate that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Friday, March 6th will be issued a $5.73 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. This is an increase from BlackRock’s previous quarterly dividend of $5.21. BlackRock’s payout ratio is 58.84%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BLK shares. TD Cowen downgraded shares of BlackRock from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Wall Street Zen raised BlackRock from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Morgan Stanley boosted their price target on BlackRock from $1,514.00 to $1,550.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. BMO Capital Markets dropped their price objective 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. Finally, Freedom Capital raised BlackRock from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. One investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,311.11.

Insider Buying and Selling

In other news, Director Stephen Cohen sold 2,179 shares of BlackRock stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $1,073.87, for a total transaction of $2,339,962.73. Following the transaction, the director directly owned 6,543 shares of the company’s stock, valued at $7,026,331.41. The trade was a 24.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin Small sold 27,047 shares of the business’s stock in a transaction that occurred on 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,967 shares of company stock valued at $122,487,380 over the last three months. 1.98% of the stock is currently owned by company insiders.

BlackRock 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.