BlackRock $BLK Shares Bought by Elevation Point Wealth Partners LLC

Key Points

• Elevation Point Wealth Partners boosted its stake in BlackRock by 2,624.3% in Q3 to 4,032 shares worth about $4.701 million, contributing to overall institutional ownership of roughly 80.69%.
• BlackRock beat quarterly expectations with EPS $13.16 (vs. $12.55 est.) and revenue of $7.01 billion (up 23.4% YoY), and analysts carry an average target near $1,308.89 ("Moderate Buy").
• The board raised the quarterly dividend to $5.73 (ex‑dividend March 6), while insiders sold about 111,319 shares last quarter (≈$124 million), signaling higher shareholder payouts alongside notable insider disposition.

Elevation Point Wealth Partners LLC lifted its stake in BlackRock (NYSE:BLK - Free Report) by 2,624.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,032 shares of the asset manager's stock after buying an additional 3,884 shares during the period. Elevation Point Wealth Partners LLC's holdings in BlackRock were worth $4,701,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in BlackRock by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 13,991,264 shares of the asset manager's stock worth $14,680,334,000 after acquiring an additional 227,192 shares during the period. Norges Bank purchased a new stake in shares of BlackRock during the second quarter valued at approximately $2,644,007,000. Franklin Resources Inc. lifted its position in shares of BlackRock by 72.5% during the second quarter. Franklin Resources Inc. now owns 2,005,358 shares of the asset manager's stock worth $2,104,122,000 after purchasing an additional 842,901 shares in the last quarter. Capital International Investors boosted its stake in shares of BlackRock by 0.6% in the third quarter. Capital International Investors now owns 1,841,088 shares of the asset manager's stock valued at $2,146,663,000 after purchasing an additional 10,591 shares during the period. Finally, Laurel Wealth Advisors LLC grew its holdings in BlackRock by 105,267.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,705,899 shares of the asset manager's stock valued at $1,789,915,000 after purchasing an additional 1,704,280 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BLK shares. Keefe, Bruyette & Woods lowered shares of BlackRock from a "moderate buy" rating to a "moderate sell" rating in a report on Tuesday, March 3rd. Barclays lifted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an "overweight" rating in a research report on Friday, January 16th. Weiss Ratings restated a "buy (b-)" rating on shares of BlackRock in a research note on Monday, December 29th. CICC Research lifted their price objective on BlackRock from $1,000.00 to $1,250.00 in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $1,313.00 price objective on shares of BlackRock in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,308.89.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Launch of iShares Staked Ethereum Trust (ETHB) expands BlackRock’s crypto product lineup and produced a solid debut (~$15.5M day‑one volume), a positive revenue/flows catalyst if assets scale. BlackRock’s New Staked Ethereum ETF (ETHB) Sees ‘Very, Very Solid’ $15.5 Million Debut, Says Analyst
• Positive Sentiment: Crypto market coverage notes whale ETH accumulation alongside the ETHB launch — bullish for BlackRock’s digital asset distribution and potential fee/flow growth. Ethereum (ETH) Sees Major Whale Buying as BlackRock Launches Staked ETF Product
• Positive Sentiment: Market reaction to BlackRock CIO calls (and related portfolio positioning) has helped lift some sector indices (clean energy) — indicative of the firm’s market influence and potential to drive ETF flows. Clean Energy Index Jumps 61% After BlackRock CIO's Contrarian Call
• Neutral Sentiment: Regulatory disclosures show BlackRock holds ~10–11% capital/voting stakes in Qiagen — a standard large‑holder filing that is notable but not an immediate company revenue driver. BlackRock Reports 10.6% Capital and 11.8% Voting Stake in Qiagen
• Neutral Sentiment: BlackRock Canada announced index/methodology changes to three CAD‑hedged iShares funds — routine product updates with limited near‑term impact on BLK’s consolidated results. BlackRock® Canada Announces Product Changes
• Negative Sentiment: Private‑credit stress: reporting that Morgan Stanley and BlackRock capped/limited withdrawals in some private‑credit vehicles has pressured asset managers and sparked concerns about redemptions, markdowns and fee revenue risk. This is a near‑term negative for BLK if private‑credit flows and valuations deteriorate. Exclusive: Morgan Stanley and BlackRock limit withdrawals—is private credit gating a crisis or market 'stabilizer'?
• Negative Sentiment: Market reaction: coverage highlights a BLK share pullback alongside weakness in private‑credit peers, signaling investor concern about the sector’s spillover to large asset managers. BlackRock Stock Slide As Private Credit Firms Tumble
• Negative Sentiment: Investor litigation alert: Pomerantz LLP is investigating claims on behalf of BlackRock investors — potential legal/PR risk that could distract management and create uncertainty. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlackRock, Inc. - BLK

BlackRock Stock Performance

Shares of NYSE BLK opened at $922.79 on Friday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $143.53 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.18 and a beta of 1.48. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,219.94. The stock's fifty day simple moving average is $1,075.75 and its 200 day simple moving average is $1,092.52.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, beating the consensus estimate of $12.55 by $0.61. The business had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $6.80 billion. BlackRock had a net margin of 22.93% and a return on equity of 14.78%. BlackRock's revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $11.93 EPS. As a group, sell-side analysts forecast that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th will be issued a dividend of $5.73 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from BlackRock's previous quarterly dividend of $5.21. This represents a $22.92 dividend on an annualized basis and a yield of 2.5%. BlackRock's dividend payout ratio (DPR) is presently 64.71%.

Insider Buying and Selling

In related news, COO Robert L. Goldstein sold 5,293 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,084.22, for a total transaction of $5,738,776.46. Following the completion of the sale, the chief operating officer owned 46,185 shares in the company, valued at $50,074,700.70. This trade represents a 10.28% decrease in their position. The sale 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 the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $1,171.14, for a total transaction of $31,675,823.58. Following 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. The disclosure for this sale is available in the SEC filing. Insiders sold 111,319 shares of company stock worth $123,999,249 in the last quarter. Corporate insiders own 1.98% of the company's stock.

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.

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