Chevy Chase Trust Holdings LLC Has $90.98 Million Holdings in BlackRock $BLK

Key Points

• Chevy Chase Trust Holdings LLC trimmed its BlackRock stake by 4.2% in Q3, selling 3,457 shares and ending the quarter with 78,035 shares worth about $90.98 million (≈0.05% of BLK).
• BlackRock posted an earnings beat (Q EPS $13.16 vs. $12.55 expected) with revenue of $7.01B (up 23.4% YoY) and raised the quarterly dividend to $5.73 (2.5% yield).
• Near‑term headwinds include private‑credit stress after limits on withdrawals in some funds and heavy insider selling (111,319 shares, roughly $124M sold last quarter), which have weighed on the stock.

Chevy Chase Trust Holdings LLC lessened its holdings in BlackRock (NYSE:BLK - Free Report) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,035 shares of the asset manager's stock after selling 3,457 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of BlackRock worth $90,979,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Pacifica Partners Inc. boosted its stake in shares of BlackRock by 450.0% in the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager's stock valued at $25,000 after purchasing an additional 18 shares in the last quarter. TruNorth Capital Management LLC increased its position in BlackRock by 1,000.0% during the 3rd quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager's stock worth $26,000 after purchasing an additional 20 shares in the last quarter. Traub Capital Management LLC bought a new position in BlackRock in the 2nd quarter valued at approximately $28,000. Howard Hughes Medical Institute bought a new position in BlackRock in the 2nd quarter valued at approximately $33,000. Finally, Hopwood Financial Services Inc. boosted its position in BlackRock by 866.7% in the third quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager's stock valued at $34,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

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

Insider Activity at BlackRock

In other BlackRock news, COO Robert L. Goldstein sold 54,190 shares of BlackRock stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $1,087.29, for a total value of $58,920,245.10. Following the completion of the sale, the chief operating officer directly owned 51,478 shares of the company's stock, valued at approximately $55,971,514.62. The trade was a 51.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin Small sold 27,047 shares of BlackRock stock in a transaction on Friday, January 16th. The shares were sold at an average price of $1,171.14, for a total transaction of $31,675,823.58. Following the completion of the sale, the chief financial officer directly owned 10,557 shares of the company's stock, valued at approximately $12,363,724.98. This trade represents a 71.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 111,319 shares of company stock worth $123,999,249 over the last quarter. 1.98% of the stock is currently owned by insiders.

BlackRock Stock Down 0.0%

Shares of BlackRock stock opened at $922.79 on Friday. The stock's 50-day moving average is $1,075.75 and its 200 day moving average is $1,092.52. BlackRock has a one year low of $773.74 and a one year high of $1,219.94. The firm has a market cap of $143.53 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.18 and a beta of 1.48. 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 (NYSE:BLK - Get Free Report) last issued its earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share for the quarter, topping 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 the consensus estimate of $6.80 billion. During the same period in the previous year, the company posted $11.93 earnings per share. The firm's revenue for the quarter was up 23.4% on a year-over-year basis. Equities research analysts anticipate that BlackRock will post 47.41 EPS for the current year.

BlackRock Increases Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on BLK shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $1,313.00 target price on shares of BlackRock in a research note on Tuesday, December 9th. Barclays raised their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the company an "overweight" rating in a report on Friday, January 16th. BMO Capital Markets lowered their target price on BlackRock from $1,300.00 to $1,250.00 and set an "outperform" rating for the company in a report on Tuesday, January 13th. Keefe, Bruyette & Woods downgraded BlackRock from a "moderate buy" rating to a "moderate sell" rating in a research report on Tuesday, March 3rd. Finally, BNP Paribas Exane lifted their price target on BlackRock from $1,290.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, BlackRock has a consensus rating of "Moderate Buy" and a consensus price target of $1,308.89.

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.

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.