PNC Financial Services Group Inc. Has $420.87 Million Holdings in BlackRock $BLK

PNC Financial Services Group Inc. grew its holdings in BlackRock (NYSE:BLK) by 8.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 360,995 shares of the asset manager’s stock after acquiring an additional 29,449 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock were worth $420,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BLK. Pacifica Partners Inc. boosted its position 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 purchasing an additional 18 shares during the period. TruNorth Capital Management LLC lifted its stake in shares of 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 during the last quarter. Traub Capital Management LLC bought a new stake in shares of BlackRock during the 2nd quarter worth about $28,000. Whipplewood Advisors LLC grew its stake in BlackRock by 107.1% in the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after buying an additional 15 shares during the last quarter. Finally, Creekmur Asset Management LLC lifted its position in BlackRock by 87.5% during the second quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock worth $32,000 after acquiring an additional 14 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock formally expanded into DeFi by listing its tokenized Treasury fund (BUIDL) on Uniswap and enabling on‑chain trading — a strategic move that broadens distribution channels for BlackRock’s digital‑asset products and could support future fee/AUM growth. Read More.
• Positive Sentiment: Income and earnings fundamentals: company reporting and corporate actions (recent EPS beat and an increased quarterly dividend to $5.73) provide support for income‑oriented investors and justify parts of the stock’s elevated multiple. Read More.
• Neutral Sentiment: 13F / portfolio moves: recent SEC filings show large BlackRock fund repositioning (additions to IVV, MSFT, GOOGL, AMZN and new sizable positions in tickers like Q, SOLS, LXP) — signals scale and active management but are informational about fund flows rather than an immediate BLK earnings driver. Read More.
• Neutral Sentiment: Routine ownership disclosures: filings around a ~5% voting stake in BAWAG Group were posted — standard large‑investor activity with limited direct impact on BlackRock’s core management fees. Read More.
• Negative Sentiment: Insider selling: COO Robert Goldstein executed sizeable open‑market sales (Feb. 10–11; Form 4 filed). Large insider sales can weigh on near‑term sentiment even when they’re for diversification or tax planning. Read More.
• Negative Sentiment: Reported private‑credit loss: a WSJ report about a ~$400M loss linked to fake invoices in a BlackRock unit highlights execution and due‑diligence risk in private markets and can pressure the multiple investors assign to alternatives. Read More.
• Negative Sentiment: Crypto headwinds: weakening crypto prices, ETF outflows and reports that some BlackRock crypto portfolios have trimmed BTC/ETH exposure could limit near‑term AUM and fee growth from digital‑asset offerings despite the Uniswap announcement. Read More.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. CICC Research increased their target price on BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price objective on BlackRock from $1,244.00 to $1,267.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Freedom Capital upgraded BlackRock from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Loop Capital set a $1,255.00 target price on shares of BlackRock in a research report on Tuesday, October 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of BlackRock in a research note on Monday, December 29th. One 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, BlackRock has a consensus rating of “Moderate Buy” and a consensus target price of $1,311.11.

Insider Activity

In related news, COO Robert L. Goldstein sold 54,190 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $1,087.29, for a total transaction of $58,920,245.10. Following the completion of the sale, the chief operating officer directly owned 51,478 shares in the company, valued at $55,971,514.62. This represents a 51.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen Cohen sold 2,179 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,073.87, for a total value of $2,339,962.73. Following the completion of the sale, the director directly owned 6,543 shares in the company, valued at $7,026,331.41. This trade represents a 24.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 109,967 shares of company stock valued at $122,487,380 in the last three months. Company insiders own 1.98% of the company’s stock.

BlackRock Stock Up 1.5%

Shares of NYSE BLK opened at $1,071.59 on Friday. The stock has a market capitalization of $166.26 billion, a P/E ratio of 30.25, a PEG ratio of 1.34 and a beta of 1.47. The stock’s fifty day moving average is $1,093.52 and its 200 day moving average is $1,105.72. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.33 and a current ratio of 3.33.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.55 by $0.61. BlackRock had a net margin of 22.93% and a return on equity of 15.14%. The firm had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same period in the prior year, the company posted $11.93 earnings per share. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. Sell-side analysts forecast that BlackRock will post 47.41 earnings per share for the current fiscal 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 $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date of this dividend is Friday, March 6th. BlackRock’s payout ratio is 58.84%.

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.