Citizens & Northern Corp Sells 1,092 Shares of BlackRock $BLK

Key Points

• Citizens & Northern Corp cut its BlackRock stake by 83.1% in Q4, selling 1,092 shares and finishing the quarter with 222 shares worth $238,000.
• Company insiders have been net sellers recently — 64,272 shares sold in the last 90 days (including director sales of 2,179 and 2,000 shares), leaving insiders with 1.92% ownership.
• BlackRock posted quarterly results that topped estimates and is seeing large inflows into its Bitcoin ETFs and active crypto buys, while analysts hold a consensus rating of Moderate Buy with an average price target of $1,269.06.

Citizens & Northern Corp lessened its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 83.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 222 shares of the asset manager's stock after selling 1,092 shares during the quarter. Citizens & Northern Corp's holdings in BlackRock were worth $238,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Gold Investment Management Ltd. boosted its position in shares of BlackRock by 1.6% during the 4th quarter. Gold Investment Management Ltd. now owns 2,444 shares of the asset manager's stock valued at $2,616,000 after acquiring an additional 38 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of BlackRock by 2.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 573 shares of the asset manager's stock valued at $613,000 after acquiring an additional 11 shares during the last quarter. Cape ANN Savings Bank boosted its position in shares of BlackRock by 1.5% during the 4th quarter. Cape ANN Savings Bank now owns 2,124 shares of the asset manager's stock valued at $2,273,000 after acquiring an additional 31 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of BlackRock by 1.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,337 shares of the asset manager's stock valued at $1,431,000 after acquiring an additional 14 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in shares of BlackRock by 4.1% during the 4th quarter. Chicago Partners Investment Group LLC now owns 842 shares of the asset manager's stock valued at $952,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of research reports. Wall Street Zen raised BlackRock from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Jefferies Financial Group decreased 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, April 8th. Morgan Stanley raised their price objective on BlackRock from $1,368.00 to $1,393.00 and gave the company an "overweight" rating in a report on Wednesday, April 15th. TD Cowen decreased 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, April 9th. Finally, The Goldman Sachs Group raised their price objective on BlackRock from $1,181.00 to $1,313.00 and gave the company a "buy" rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, BlackRock has a consensus rating of "Moderate Buy" and an average price target of $1,269.06.

Insiders Place Their Bets

In other BlackRock news, Director Stephen Cohen sold 2,179 shares of BlackRock stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $1,073.87, for a total value of $2,339,962.73. Following the transaction, the director directly owned 6,543 shares of the company's stock, valued at $7,026,331.41. The trade was a 24.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J. Richard Kushel sold 2,000 shares of BlackRock stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,083.05, for a total value of $2,166,100.00. Following the completion of the transaction, the director directly owned 61,980 shares in the company, valued at $67,127,439. This trade represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 64,272 shares of company stock valued at $69,823,426 in the last ninety days. Company insiders own 1.92% of the company's stock.

BlackRock Stock Performance

Shares of NYSE BLK opened at $1,054.15 on Friday. The stock has a market cap of $163.96 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 1.39 and a beta of 1.48. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.37. BlackRock has a 1-year low of $892.91 and a 1-year high of $1,219.94. The stock's 50-day moving average is $1,010.60 and its 200 day moving average is $1,064.81.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, topping analysts' consensus estimates of $12.40 by $0.13. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $6.56 billion. BlackRock had a return on equity of 14.96% and a net margin of 24.40%.The business's quarterly revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the firm earned $9.64 EPS. On average, sell-side analysts anticipate that BlackRock will post 52.77 EPS for the current fiscal year.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Large, sustained inflows into BlackRock’s Bitcoin ETF products expand AUM and fee revenue prospects — IBIT has pushed BlackRock into the global top 1% of bitcoin ETF managers. Bitcoin ETFs Smash Through the $62 Billion Ceiling
• Positive Sentiment: US spot Bitcoin ETFs recorded a seven-day inflow streak (~$1.9B), showing momentum that benefits BlackRock’s ETF business and ongoing fee capture. BlackRock drives 7-day Bitcoin ETF inflow streak
• Positive Sentiment: BlackRock’s active purchases of bitcoin (reported $900M buys) signal commitment to growing crypto exposures and should lift ETF AUM and market share if flows continue. BlackRock buys $900M in Bitcoin
• Positive Sentiment: BMO Capital Markets raised its BLK price target to $1,250, providing analyst-driven upside and investor confidence after strong quarter results. BMO Capital Markets Raises BlackRock Price Target
• Neutral Sentiment: BlackRock is publicly pushing portfolio diversification beyond the classic 60/40, highlighting product and advisory initiatives that may support long-term client retention but are gradual in impact. BlackRock says investors need to look beyond the 60/40
• Neutral Sentiment: BlackRock warned there “isn't enough stock to buy,” a comment reflecting market liquidity/supply dynamics that can support higher share prices over time but also signals aggressive demand. BlackRock warns there isn't enough stock to buy
• Negative Sentiment: Reports that BlackRock bought 30,000 BTC in 2026 while holding roughly $6.3B of unrealized crypto losses highlight mark-to-market volatility that could pressure near-term results and investor sentiment. BlackRock buys 30,000 BTC amid $6.3B unrealized loss
• Negative Sentiment: BlackRock ceased to be a substantial holder in National Storage REIT — a small, tactical portfolio shift that is unlikely material to BLK’s core earnings but is a negative disclosure. BlackRock Ceases to Be Substantial Holder

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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