CIBC Private Wealth Group LLC Has $305.08 Million Holdings in BlackRock $BLK

CIBC Private Wealth Group LLC trimmed its stake in shares of BlackRock (NYSE:BLK) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,678 shares of the asset manager’s stock after selling 3,240 shares during the period. CIBC Private Wealth Group LLC’s holdings in BlackRock were worth $305,083,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BLK. Pacifica Partners Inc. raised its position in BlackRock by 450.0% in the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after purchasing an additional 18 shares during the last quarter. TruNorth Capital Management LLC lifted its holdings in BlackRock by 1,000.0% during the 3rd quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock worth $26,000 after buying an additional 20 shares in the last quarter. Traub Capital Management LLC bought a new position in BlackRock in the 2nd quarter valued at $28,000. Hopwood Financial Services Inc. increased its stake 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 valued at $34,000 after buying an additional 26 shares during the period. Finally, Howard Hughes Medical Institute acquired a new stake in shares of BlackRock in the 2nd quarter valued at $33,000. 80.69% of the stock is owned by institutional investors.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock launched a new iShares Ethereum ETF (iShares Staked Ethereum Trust, ETHB) that offers staking rewards, expanding its digital‑asset product suite and tapping strong crypto ETF demand. This helps explain strength in the stock as fee and AUM growth opportunities rise. BlackRock launches new ethereum ETF packed with staking rewards
• Positive Sentiment: Bitcoin and ether ETFs have seen inflows and price gains (bitcoin hit a six‑week high), a tailwind for BlackRock’s crypto ETF business and overall ETF AUM growth. Bitcoin touches a six-week high as investors pour into ETFs
• Positive Sentiment: Market commentary notes BlackRock “outpaced the stock market” in recent sessions, reflecting sector leadership and positive sentiment following its earnings beat and robust revenue growth earlier this year. Why BlackRock (BLK) Outpaced the Stock Market Today
• Neutral Sentiment: Technical analysts say BLK has entered a “key buying zone” below $1,000 — relevant to traders and short‑term flows but not a fundamental driver. BlackRock (BLK) Enters Key Buying Zone below $1000
• Neutral Sentiment: Regulatory/portfolio disclosures: BlackRock increased its stake in Rentokil Initial, a portfolio move that signals active equity positioning but has limited immediate impact on BLK’s shares. Rentokil Initial Discloses Increase in BlackRock Stake Above 12%
• Negative Sentiment: Pomerantz LLP is investigating claims on behalf of BlackRock investors — a legal probe that can create headline risk, potential litigation costs, and reputational pressure. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlackRock, Inc. – BLK
• Negative Sentiment: Industry stress in private credit (coverage of a possible $10B investor exit wave and broader private‑credit scrutiny) poses a risk to asset managers with private‑credit platforms or exposure; that dynamic is pressuring sentiment toward firms in the space, including BlackRock. Wall Street Lunch: Private Credit Funds Face $10B Investor Exit Wave
• Negative Sentiment: Product critique: a Seeking Alpha piece argues BlackRock’s CMDY commodities fund has better alternatives, which could slow flows into that specific product and draws attention to competitive pressures in ETF launches. CMDY: Commodities Fund From BlackRock, Better Alternatives Exist

Analyst Upgrades and Downgrades

BLK has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on BlackRock from $1,296.00 to $1,380.00 in a research note on Thursday, January 15th. Evercore lowered their price objective on BlackRock from $1,275.00 to $1,235.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. BNP Paribas Exane upped their target price on shares of BlackRock from $1,290.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Bank of America raised their target price on shares of BlackRock from $1,456.00 to $1,464.00 in a research note on Wednesday, December 10th. Finally, TD Cowen cut shares of BlackRock from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,308.89.

BlackRock Trading Up 3.0%

Shares of NYSE BLK opened at $971.73 on Wednesday. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The stock has a market cap of $151.14 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 1.20 and a beta of 1.48. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average is $1,069.41 and its 200-day moving average is $1,089.81.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, beating analysts’ consensus estimates of $12.55 by $0.61. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.80 billion. BlackRock had a net margin of 22.93% and a return on equity of 14.78%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.93 EPS. Equities research analysts predict that BlackRock will post 47.41 EPS for the current 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 given 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 6th. BlackRock’s payout ratio is 64.71%.

Insiders Place Their Bets

In other BlackRock news, CFO Martin Small sold 27,047 shares of BlackRock 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. The trade was a 71.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Robert L. Goldstein sold 54,190 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $1,087.29, for a total transaction of $58,920,245.10. Following the completion of the transaction, the chief operating officer owned 51,478 shares of the company’s stock, valued at $55,971,514.62. This trade represents a 51.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 111,319 shares of company stock worth $123,999,249. Company insiders own 1.98% of the company’s stock.

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.