Truist Financial Corp Purchases 6,633 Shares of BlackRock $BLK

Truist Financial Corp increased its position in BlackRock (NYSE:BLK) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,967 shares of the asset manager’s stock after acquiring an additional 6,633 shares during the quarter. Truist Financial Corp owned about 0.15% of BlackRock worth $272,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLK. EPG Wealth Management LLC grew its stake in shares of BlackRock by 2.7% in the third quarter. EPG Wealth Management LLC now owns 2,460 shares of the asset manager’s stock worth $2,868,000 after acquiring an additional 65 shares during the last quarter. Core Alternative Capital boosted its holdings in BlackRock by 3.9% in the 3rd quarter. Core Alternative Capital now owns 345 shares of the asset manager’s stock valued at $402,000 after purchasing an additional 13 shares during the period. Little House Capital LLC acquired a new stake in BlackRock in the 3rd quarter worth $1,837,000. Pines Wealth Management LLC increased its holdings in shares of BlackRock by 24.5% during the 3rd quarter. Pines Wealth Management LLC now owns 290 shares of the asset manager’s stock worth $338,000 after purchasing an additional 57 shares during the period. Finally, J. Safra Sarasin Holding AG increased its holdings in shares of BlackRock by 7.4% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 32,175 shares of the asset manager’s stock worth $37,515,000 after purchasing an additional 2,207 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and set a $1,351.00 target price on shares of BlackRock in a research report on Friday, January 16th. Wall Street Zen raised BlackRock from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on BlackRock from $1,296.00 to $1,380.00 in a research report on Thursday, January 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,313.00 target price on shares of BlackRock in a research report on Tuesday, December 9th. Finally, Loop Capital set a $1,255.00 price target on shares of BlackRock in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and an average price target of $1,314.71.

Insider Activity

In other BlackRock news, Director J. Richard Kushel sold 20,000 shares of BlackRock stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $1,125.00, for a total value of $22,500,000.00. Following the sale, the director owned 61,894 shares of the company’s stock, valued at $69,630,750. This trade represents a 24.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the chief financial officer directly owned 10,557 shares in the company, valued at approximately $12,363,724.98. This represents a 71.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,305 shares of company stock worth $55,488,396 in the last quarter. 1.98% of the stock is currently owned by company insiders.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Prediction markets and media now name Rick Rieder a frontrunner for Fed chair; elevated profile for BlackRock’s longtime fixed‑income head can boost confidence in the firm’s rate and bond expertise, and could be viewed as a strategic advantage for BLK’s large fixed‑income business. CNBC: The market thinks BlackRock’s Rick Rieder will be the next Fed chair
• Positive Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) remains the largest spot BTC ETF with strong AUM, low fees and a partnership (Delaware Life annuity) that supports long‑term product distribution and fee income for BLK. This is a durable growth channel in digital‑asset product revenue. CoinDesk: IBIT powers new Bitcoin annuity
• Positive Sentiment: Board upgrade: BlackRock elected Gregg R. Lemkau to its Board, adding a well‑connected investor and governance depth — a modest positive for oversight and investor relations. BusinessWire: BlackRock Elects Gregg Lemkau to Board
• Neutral Sentiment: BlackRock’s partner Securitize made a senior hire (former Nasdaq exec) — helpful for tokenization initiatives but indirect to BLK’s near‑term earnings. Yahoo Finance: Securitize hire
• Neutral Sentiment: BLK increased disclosed stakes in other companies (e.g., Caledonia Mining, Archer exposure reported by filings) — signals active portfolio moves but not immediate BLK earnings drivers. TipRanks: BlackRock lifts stake in Caledonia
• Negative Sentiment: Investor concern: recent quarterly results showed an EPS beat but revenue missed estimates — investors may be selling into headlines as they parse growth sustainability and fee pressure. Seeking Alpha: Management’s latest numbers point to a hold
• Negative Sentiment: Private‑credit headwinds: coverage highlights rumblings and execution/asset‑quality questions in private credit exposure that could pressure fee and risk‑weighted returns for alternatives. That adds to risk sentiment across asset managers. TipRanks: Private credit trouble

BlackRock Stock Performance

Shares of BlackRock stock opened at $1,106.19 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 3.33. The firm has a 50 day simple moving average of $1,081.27 and a 200 day simple moving average of $1,107.40. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,219.94. The firm has a market cap of $171.63 billion, a P/E ratio of 31.23, a P/E/G ratio of 1.41 and a beta of 1.47.

BlackRock (NYSE:BLK) last issued its quarterly 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 return on equity of 15.14% and a net margin of 22.93%.The business had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.80 billion. During the same quarter in the prior year, the firm posted $11.93 earnings per share. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. Sell-side analysts predict that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be issued a dividend of $5.73 per share. This is a boost from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date is Friday, March 6th. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. BlackRock’s dividend payout ratio (DPR) is presently 58.84%.

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.