Northeast Investment Management Sells 756 Shares of BlackRock $BLK

Northeast Investment Management trimmed its holdings in BlackRock (NYSE:BLK) by 4.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,945 shares of the asset manager’s stock after selling 756 shares during the quarter. Northeast Investment Management’s holdings in BlackRock were worth $15,334,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its position in BlackRock by 7.7% in the 1st quarter. GHP Investment Advisors Inc. now owns 5,365 shares of the asset manager’s stock valued at $5,160,000 after acquiring an additional 384 shares in the last quarter. Pegasus Asset Management Inc. lifted its position in shares of BlackRock by 1.2% during the first quarter. Pegasus Asset Management Inc. now owns 7,783 shares of the asset manager’s stock worth $7,485,000 after purchasing an additional 93 shares in the last quarter. Davidson Trust Co. lifted its position in shares of BlackRock by 5.5% during the first quarter. Davidson Trust Co. now owns 269 shares of the asset manager’s stock worth $259,000 after purchasing an additional 14 shares in the last quarter. Chronos Wealth Management LLC grew its stake in shares of BlackRock by 6.5% during the first quarter. Chronos Wealth Management LLC now owns 3,294 shares of the asset manager’s stock valued at $3,168,000 after purchasing an additional 202 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of BlackRock during the first quarter valued at approximately $7,117,000. Institutional investors own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In related news, CEO Laurence Fink sold 33,900 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the sale, the chief executive officer directly owned 230,516 shares in the company, valued at $242,168,583.80. This trade represents a 12.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the transaction, the president directly owned 210,186 shares in the company, valued at $222,082,527.60. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on BLK shares. Weiss Ratings upgraded shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Jefferies Financial Group decreased their price objective on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. TD Cowen lowered their target price on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. BNP Paribas Exane boosted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target on BlackRock from $1,150.00 to $1,240.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. 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 company’s stock. According to MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and a consensus price target of $1,267.39.

BlackRock Price Performance

BLK opened at $970.99 on Friday. The company has a fifty day moving average price of $1,046.67 and a two-hundred day moving average price of $1,050.25. The firm has a market capitalization of $150.73 billion, a PE ratio of 24.37, a P/E/G ratio of 1.28 and a beta of 1.42. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $12.40 by $0.13. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter in the prior year, the business posted $9.64 EPS. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. As a group, analysts anticipate that BlackRock will post 52.8 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th were paid a $5.73 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 annualized dividend and a yield of 2.4%. BlackRock’s dividend payout ratio is presently 57.53%.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock highlighted growing retirement-savings needs in its 2026 Read on Retirement report, reinforcing the firm’s long-term role in workplace savings and advisory solutions. Americans Look Beyond Savings to Turn Retirement Confidence Into Reality, BlackRock Survey Finds
• Positive Sentiment: BlackRock said a 1%–2% Bitcoin allocation can be reasonable for traditional portfolios, a message that supports adoption of its crypto-linked products, including iShares Bitcoin Trust (IBIT). BlackRock Recommends 1-2% Bitcoin Allocation as BTC Gains Ground in Institutional Portfolios
• Positive Sentiment: BlackRock also backed Caplight’s $16 million Series A, extending its exposure to private-markets infrastructure and data tools. Caplight Raises $16M Series A led by BlackRock and Fin Capital to power the next era of private markets
• Neutral Sentiment: Trumid announced a multi-year partnership with BlackRock Aladdin to improve corporate bond liquidity, which is constructive for BlackRock’s technology and trading ecosystem but not an immediate earnings driver. Trumid Announces Multi-Year Partnership with BlackRock Aladdin to Further Enhance Access to Corporate Bond Liquidity
• Neutral Sentiment: BlackRock’s transfer of Bitcoin and Ethereum to Coinbase Prime appears to be a routine crypto-related custody or treasury move, with unclear direct impact on earnings. BlackRock Sends $217M in Bitcoin and Ethereum to Coinbase Prime
• Negative Sentiment: Investors remain wary of private-credit liquidity after BlackRock and other managers imposed withdrawal limits on some funds, keeping sentiment around BLK cautious. BlackRock shares fall as private-credit redemption fears appear to weigh on sentiment
• Negative Sentiment: BlackRock’s iShares Bitcoin Trust hit a new yearly low as Bitcoin weakness prompted traders to hedge downside, which may be weighing on sentiment toward the firm’s crypto-related growth narrative. BlackRock’s iconic fund hits new yearly low

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.