BlackRock $BLK Shares Acquired by Geode Capital Management LLC

Key Points

• Geode Capital Management increased its BlackRock stake by 0.9% in the fourth quarter, ending with 3,167,460 shares valued at about $3.37 billion. The fund now owns roughly 2.04% of BlackRock.
• BlackRock’s latest quarterly earnings beat expectations, with EPS of $12.53 versus estimates of $12.40 and revenue of $6.70 billion versus $6.56 billion expected. Revenue rose 27% year over year.
• Several analysts remain constructive on BLK, with multiple firms raising price targets and the stock carrying a consensus rating of “Moderate Buy”. BlackRock also announced a quarterly dividend of $5.73 per share, payable June 23.

Geode Capital Management LLC grew its stake in BlackRock (NYSE:BLK - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,167,460 shares of the asset manager's stock after buying an additional 27,640 shares during the quarter. Geode Capital Management LLC owned 2.04% of BlackRock worth $3,374,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BLK. Fidelis Capital Partners LLC raised its holdings in shares of BlackRock by 1.0% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,799 shares of the asset manager's stock valued at $1,926,000 after acquiring an additional 18 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of BlackRock by 41.6% during the fourth quarter. King Luther Capital Management Corp now owns 555 shares of the asset manager's stock valued at $594,000 after acquiring an additional 163 shares during the last quarter. ICW Investment Advisors LLC raised its holdings in shares of BlackRock by 7.5% during the fourth quarter. ICW Investment Advisors LLC now owns 789 shares of the asset manager's stock valued at $844,000 after acquiring an additional 55 shares during the last quarter. TrustBank acquired a new position in shares of BlackRock during the fourth quarter valued at approximately $595,000. Finally, Flputnam Investment Management Co. raised its holdings in shares of BlackRock by 1.3% during the fourth quarter. Flputnam Investment Management Co. now owns 16,529 shares of the asset manager's stock valued at $17,691,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

Insider Transactions at BlackRock

In other news, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the sale, the president owned 210,186 shares in the company, valued at approximately $222,082,527.60. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the sale, the chief executive officer owned 230,516 shares in the company, valued at $242,168,583.80. This trade represents a 12.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.92% of the stock is currently owned by insiders.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock portfolio manager commentary said the firm sees merit in large-scale mining M&A, arguing consolidation could attract more generalist investors and support bigger, more complex projects. BlackRock sees merit in large scale mining M&A
• Neutral Sentiment: BlackRock TCP Capital Corp. re-elected directors at its 2026 annual meeting, a routine governance update with limited direct impact on BlackRock’s parent company. BlackRock TCP Capital Reelects Directors at 2026 Meeting
• Neutral Sentiment: BlackRock executives also continued to highlight long-term themes like AI investment and the growth of digital assets, reinforcing the firm’s exposure to secular growth areas. Will AI Destroy Your Job? BlackRock's Mike Pyle Weighs In
• Negative Sentiment: Multiple reports said BlackRock’s IBIT saw about $1 billion to $1.3 billion in a large block sale and weekly outflows, raising concerns about near-term demand for the ETF and broader crypto sentiment. Bitcoin price shrugs off $1.3B BlackRock ETF block sale
• Negative Sentiment: Separate coverage warned the sell-off in BlackRock’s bitcoin ETF could signal deeper Bitcoin weakness, which may keep pressure on sentiment around BLK’s crypto-linked products. Bloodbath Bitcoin Price Crash Warning Issued As BlackRock Sell-Off Suddenly Accelerates

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BLK shares. JPMorgan Chase & Co. cut their price target on BlackRock from $1,269.00 to $1,128.00 and set a "neutral" rating for the company in a report on Monday, April 13th. Barclays increased their price target on BlackRock from $1,290.00 to $1,310.00 and gave the company an "overweight" rating in a report on Wednesday, April 15th. Morgan Stanley increased their price target on BlackRock from $1,368.00 to $1,393.00 and gave the company an "overweight" rating in a report on Wednesday, April 15th. UBS Group increased their price target on BlackRock from $1,235.00 to $1,270.00 and gave the company a "buy" rating in a report on Wednesday, April 15th. Finally, BMO Capital Markets increased their price target on BlackRock from $1,200.00 to $1,250.00 and gave the company an "outperform" rating in a report on Monday, April 20th. One 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, BlackRock has an average rating of "Moderate Buy" and an average target price of $1,269.06.

BlackRock Trading Down 0.8%

BLK opened at $1,068.63 on Thursday. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The business has a fifty day simple moving average of $1,026.71 and a 200-day simple moving average of $1,053.99. The firm has a market cap of $165.89 billion, a P/E ratio of 26.82, a P/E/G ratio of 1.40 and a beta of 1.44. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK - Get Free Report) last released its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.40 by $0.13. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.56 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.BlackRock's revenue was up 27.0% compared to the same quarter last year. During the same period last year, the business posted $9.64 earnings per share. On average, equities analysts expect that BlackRock will post 52.8 earnings per share for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th will be given a dividend of $5.73 per share. The ex-dividend date is Friday, June 5th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.1%. BlackRock's payout ratio is 57.53%.

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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