18,946 Shares in BlackRock $BLK Purchased by TCV Trust & Wealth Management Inc.

Key Points

• TCV Trust & Wealth Management opened a new position of 18,946 shares in BlackRock, valued at about $20.28 million, making the holding 1.6% of its portfolio and its 17th-largest position.
• BlackRock beat expectations for the quarter with $13.16 EPS (vs. $12.55 est.) and revenue of $7.01 billion, up 23.4% year-over-year.
• The firm raised its quarterly dividend to $5.73 ($22.92 annualized), implying a ~2.3% yield and a payout ratio of about 64.7%.

TCV Trust & Wealth Management Inc. bought a new position in shares of BlackRock (NYSE:BLK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,946 shares of the asset manager's stock, valued at approximately $20,279,000. BlackRock accounts for 1.6% of TCV Trust & Wealth Management Inc.'s holdings, making the stock its 17th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Clear Creek Financial Management LLC lifted its position in BlackRock by 13.2% during the fourth quarter. Clear Creek Financial Management LLC now owns 667 shares of the asset manager's stock worth $714,000 after buying an additional 78 shares during the period. Ritholtz Wealth Management lifted its position in BlackRock by 37.8% during the fourth quarter. Ritholtz Wealth Management now owns 4,171 shares of the asset manager's stock worth $4,464,000 after buying an additional 1,145 shares during the period. Strong Tower Advisory Services lifted its position in BlackRock by 6.1% during the fourth quarter. Strong Tower Advisory Services now owns 3,615 shares of the asset manager's stock worth $3,869,000 after buying an additional 208 shares during the period. Telos Capital Management Inc. lifted its position in BlackRock by 16.6% during the fourth quarter. Telos Capital Management Inc. now owns 295 shares of the asset manager's stock worth $316,000 after buying an additional 42 shares during the period. Finally, Apollon Financial LLC purchased a new position in BlackRock during the fourth quarter worth about $321,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Stock Performance

BlackRock stock opened at $999.42 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.98 and a quick ratio of 2.98. BlackRock has a 12 month low of $840.50 and a 12 month high of $1,219.94. The company has a market cap of $155.45 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48. The stock's 50-day moving average is $1,016.00 and its 200-day moving average is $1,071.03.

BlackRock (NYSE:BLK - Get Free Report) last posted its earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.55 by $0.61. BlackRock had a return on equity of 14.78% and a net margin of 22.93%.The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.80 billion. During the same quarter last year, the firm earned $11.93 earnings per share. The company's revenue for the quarter was up 23.4% compared to the same quarter last year. Equities 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 was paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th were paid a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from BlackRock's previous quarterly dividend of $5.21. The ex-dividend date was Friday, March 6th. BlackRock's payout ratio is 64.71%.

Insider Buying and Selling

In other news, Director J. Richard Kushel sold 385 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,084.91, for a total value of $417,690.35. Following the completion of the sale, the director owned 3,335 shares in the company, valued at approximately $3,618,174.85. This trade represents a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen Cohen sold 225 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,069.56, for a total value of $240,651.00. Following the completion of the sale, the director owned 5,661 shares of the company's stock, valued at approximately $6,054,779.16. This trade represents a 3.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,319 shares of company stock worth $123,999,249 in the last ninety days. 1.98% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of research reports. Jefferies Financial Group cut their price objective on BlackRock from $1,351.00 to $1,199.00 and set a "buy" rating on the stock in a report on Wednesday. TD Cowen cut their price objective on BlackRock from $1,238.00 to $1,105.00 and set a "hold" rating on the stock in a report on Thursday. The Goldman Sachs Group cut their price objective on BlackRock from $1,341.00 to $1,181.00 and set a "buy" rating on the stock in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft raised their price objective on BlackRock from $1,296.00 to $1,380.00 in a report on Thursday, January 15th. Finally, UBS Group cut their price objective on BlackRock from $1,280.00 to $1,235.00 and set a "buy" rating on the stock in a report on Thursday. 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $1,255.00.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Big inflows into BlackRock’s spot Bitcoin ETF signal continued demand for its crypto ETF franchise — Cointelegraph reports $269M flowed into the iShares Bitcoin Trust in a single day, helping stabilize ETF flows and AUM dynamics. Article Title
• Positive Sentiment: BlackRock is expanding its crypto and staking infrastructure (largest single-day ETH buys reported; added Galaxy Digital as an ETHB validator), which supports growth of fee-bearing, differentiated ETF products. Article Title
• Positive Sentiment: Product innovation: CNBC highlights BlackRock applying hedge‑fund long/short strategies to liquid alternative ETFs — this could attract higher‑margin flows and broader client demand. Article Title
• Neutral Sentiment: Strategic moves: BlackRock’s infrastructure arm is reportedly eyeing Associated British Ports — a sign of continued private markets deployment that can diversify fee streams but would be capital‑intensive and long‑dated. Article Title
• Neutral Sentiment: Dividend and income positioning: several pieces (Yahoo/Zacks/TipRanks) highlight BLK as an attractive dividend stock and point to high‑yield BlackRock dividend ETFs — supportive for long‑term investor demand but not an immediate catalyst. Article Title
• Negative Sentiment: Concentrated analyst pressure: multiple firms trimmed targets/ratings this week (UBS, TD Cowen, Evercore, BMO among them), reducing upside expectations and amplifying near‑term selling pressure. Article Title
• Negative Sentiment: Investor litigation risk: Pomerantz announced an investigation into BlackRock on April 9 — legal actions or settlements could create headline risk and uncertainty for shareholders. Article Title
• Negative Sentiment: Management caution: BlackRock’s Helen Jewell warned that earnings estimates may be overly optimistic amid inflationary pressures from geopolitical events — increased guidance risk ahead of Q1 results. Article Title

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.

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