Assetmark Inc. Boosts Stock Position in BlackRock $BLK

Key Points

• Assetmark Inc. increased its stake in BlackRock by 10.7% in Q4, adding 2,640 shares to hold 27,200 shares valued at about $29.11 million.
• Significant insider selling: insiders sold 111,319 shares over the past three months worth roughly $124.0 million, including Director J. Richard Kushel's $22.5M sale and CFO Martin Small's $31.7M sale, leaving insiders with 1.98% ownership.
• Strong Q1 and analyst optimism: BlackRock beat EPS and revenue estimates with ~ $130B in net inflows and AUM near $13.9T, spurring multiple price-target raises and a consensus "Moderate Buy" (avg. PT ≈ $1,266).

Assetmark Inc. lifted its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,200 shares of the asset manager's stock after buying an additional 2,640 shares during the period. Assetmark Inc.'s holdings in BlackRock were worth $29,113,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pacifica Partners Inc. raised its stake in shares of BlackRock by 450.0% during the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager's stock worth $25,000 after buying an additional 18 shares in the last quarter. TruNorth Capital Management LLC grew its holdings in shares of BlackRock by 1,000.0% in the 3rd quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager's stock worth $26,000 after acquiring an additional 20 shares during the period. Hopwood Financial Services Inc. grew its holdings 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 worth $34,000 after acquiring an additional 26 shares during the period. Collier Financial acquired a new stake in shares of BlackRock in the 3rd quarter worth approximately $36,000. Finally, Goodman Advisory Group LLC acquired a new stake in shares of BlackRock in the 3rd quarter worth approximately $37,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director J. Richard Kushel sold 20,000 shares of the firm's stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $1,125.00, for a total transaction of $22,500,000.00. Following the sale, the director owned 61,894 shares in the company, valued at $69,630,750. This trade represents a 24.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Small sold 27,047 shares of the firm's stock in a transaction on Friday, January 16th. The stock was sold at an average price of $1,171.14, for a total value of $31,675,823.58. Following the sale, the chief financial officer owned 10,557 shares in the company, valued at $12,363,724.98. This trade represents a 71.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 111,319 shares of company stock worth $123,999,249. 1.98% of the stock is currently owned by corporate insiders.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Robust Q1 results — BlackRock beat EPS and revenue expectations, reported ~$130B in net inflows, rising performance fees and record AUM near $13.9T; management hailed a strong start to the year. BlackRock Reports First Quarter 2026 Earnings
• Positive Sentiment: iShares momentum — BlackRock's iShares business posted record Q1 inflows (~$132B), supporting fee growth and higher-margin product mix. BlackRock iShares Sees Record $132 Billion Inflows
• Positive Sentiment: Analyst bullishness — Several firms (Goldman, Barclays, Keefe Bruyette & Woods, UBS among others) raised price targets and maintained buy/overweight views after Q1, signaling continued Wall Street confidence in BLK’s growth/fee trajectory. BlackRock Gets Dual Price Target Hikes
• Neutral Sentiment: Crypto exposure: BlackRock is re-accumulating Bitcoin and Ethereum for its crypto ETFs, showing ongoing institutional demand — positive for product adoption but still a small share of total AUM. BlackRock Is Buying Up Bitcoin & Ethereum Again
• Neutral Sentiment: Mixed crypto AUM dynamics — Digital-asset inflows of ~$935M in Q1 were offset by market-driven AUM declines (~$18.7B), leaving crypto assets under management modest relative to BLK’s $13.9T platform. That limits near-term revenue impact. BlackRock Reports $935M Crypto Inflows, $18.7B AUM Fall
• Negative Sentiment: Investor litigation risk — A Pomerantz law firm notice is investigating potential claims on behalf of BlackRock investors, which can create short-term headline risk. Pomerantz Investigates Claims On Behalf of BlackRock Investors
• Negative Sentiment: Some sell-side caution — At least one major bank has trimmed its expectations for BLK, and market volatility that trimmed AUM in Q1 could pressure near-term fee growth if flows reverse. JPMorgan Lowers Expectations for BlackRock

BlackRock Stock Performance

BlackRock stock opened at $1,049.04 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a fifty day moving average of $1,013.23 and a two-hundred day moving average of $1,068.89. The company has a market capitalization of $163.17 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.47 and a beta of 1.48. BlackRock has a fifty-two week low of $845.82 and a fifty-two week high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping the consensus estimate of $12.40 by $0.13. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.56 billion. BlackRock had a return on equity of 14.96% and a net margin of 24.40%.BlackRock's revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the business posted $9.64 earnings per share. On average, analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.

Analyst Ratings Changes

BLK has been the topic of a number of research reports. Barclays upped their price target on BlackRock from $1,290.00 to $1,310.00 and gave the stock an "overweight" rating in a report on Wednesday. UBS Group upped their price target on BlackRock from $1,235.00 to $1,270.00 and gave the stock a "buy" rating in a report on Wednesday. BMO Capital Markets lowered their price target on BlackRock from $1,300.00 to $1,200.00 and set an "outperform" rating on the stock in a report on Friday, April 10th. Weiss Ratings restated a "buy (b-)" rating on shares of BlackRock in a report on Friday, March 27th. Finally, CICC Research upped their price target on BlackRock from $1,000.00 to $1,250.00 in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,266.28.

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.

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