Mirae Asset Global Investments Co. Ltd. Purchases 7,666 Shares of BlackRock $BLK

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of BlackRock (NYSE:BLK) by 39.8% in the third quarter, Holdings Channel reports. The fund owned 26,917 shares of the asset manager’s stock after acquiring an additional 7,666 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in BlackRock were worth $31,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Welch Group LLC boosted its stake in BlackRock by 1.2% during the 2nd quarter. Welch Group LLC now owns 760 shares of the asset manager’s stock valued at $797,000 after purchasing an additional 9 shares during the period. Stanley Laman Group Ltd. lifted its holdings in shares of BlackRock by 2.7% during the second quarter. Stanley Laman Group Ltd. now owns 340 shares of the asset manager’s stock worth $357,000 after buying an additional 9 shares during the last quarter. CNB Bank boosted its position in shares of BlackRock by 9.6% in the second quarter. CNB Bank now owns 103 shares of the asset manager’s stock valued at $108,000 after acquiring an additional 9 shares during the period. Magellan Asset Management Ltd boosted its position in shares of BlackRock by 14.3% in the second quarter. Magellan Asset Management Ltd now owns 72 shares of the asset manager’s stock valued at $76,000 after acquiring an additional 9 shares during the period. Finally, FAS Wealth Partners Inc. grew its stake in shares of BlackRock by 1.1% in the second quarter. FAS Wealth Partners Inc. now owns 817 shares of the asset manager’s stock worth $857,000 after acquiring an additional 9 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BLK shares. Weiss Ratings reissued a “buy (b-)” rating on shares of BlackRock in a report on Monday, December 29th. BMO Capital Markets reduced their target price on shares of BlackRock from $1,300.00 to $1,250.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Evercore ISI decreased their target price on BlackRock from $1,300.00 to $1,275.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Keefe, Bruyette & Woods upped their price target on BlackRock from $1,310.00 to $1,340.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Finally, Wall Street Zen upgraded BlackRock from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,314.71.

BlackRock Stock Up 0.5%

Shares of BLK opened at $1,127.04 on Friday. BlackRock has a 12 month low of $773.74 and a 12 month high of $1,219.94. The stock has a market cap of $174.86 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 1.41 and a beta of 1.47. The company has a 50-day moving average price of $1,086.07 and a two-hundred day moving average price of $1,107.63. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK) last issued its earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.55 by $0.61. BlackRock had a return on equity of 15.14% and a net margin of 22.93%.The business had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.80 billion. During the same period in the prior year, the firm posted $11.93 EPS. BlackRock’s quarterly revenue was up 23.4% compared to the same quarter last year. Equities analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th will be given a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. This is a boost from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date is Friday, March 6th. BlackRock’s dividend payout ratio (DPR) is presently 58.84%.

Insider Activity at BlackRock

In related news, CFO Martin Small sold 27,047 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 10,557 shares in the company, valued at $12,363,724.98. This represents a 71.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J. Richard Kushel sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 61,894 shares in the company, valued at $69,630,750. The trade was a 24.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,305 shares of company stock worth $55,488,396 over the last three months. 1.98% of the stock is owned by company insiders.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Rick Rieder, BlackRock’s head of fixed income, is widely viewed as a leading candidate for Fed chair; markets are treating his potential appointment as supportive for bond markets and for BlackRock’s stature and policy influence. Fed favorite Rick Rieder manages a $2.4 trillion BlackRock portfolio—and knows more about the bond market than anyone in America
• Positive Sentiment: An analyst upgrade from Freedom Capital raised BLK’s price target (cited lift to $1,364), reflecting confidence in earnings potential and reinforcing buy-side sentiment. Freedom Capital Boosts BlackRock, Inc. (BLK) Target Amid Strong Earnings Potential
• Positive Sentiment: BlackRock and Partners Group launched a private-markets SMA for wealth platforms, expanding distribution to high-net-worth channels and monetizable AUM sources. This supports fee-growth diversification. BlackRock, Partners Group Launch Private Markets SMA
• Positive Sentiment: BlackRock extended a long-term index licensing pact with MSCI, a distribution/operational win that helps stabilize passive product offerings and indexing relationships. MSCI, BlackRock extend long-term equity index licensing pact
• Positive Sentiment: BlackRock-backed financing led a $257M Series D for Cellares, signaling continued strategic venture investing and potential upside from private-tech exposure in its balance of alternatives. Cellares Raises $257 Million Series D Led by BlackRock and Eclipse
• Neutral Sentiment: BlackRock filed another Bitcoin ETF and a covered-call version surfaced, extending its crypto product push — filings themselves draw attention but not guaranteed immediate revenue. BlackRock Drops Another Bitcoin ETF, But No Sign Of An XRP ETF, What’s Going On?
• Negative Sentiment: A WSJ report highlighted a BlackRock fund that disclosed a 19% markdown after previously marking holdings full-value, reigniting concerns about transparency and valuation risk in private-credit allocations. That could pressure sentiment around illiquid asset exposure and fee sustainability. How a BlackRock Loss Reignited Worries About What Is Hiding in Private-Credit
• Negative Sentiment: Commentary criticizes the proliferation of covered-call crypto ETFs (including BlackRock’s new covered-call Bitcoin product) as a potentially risky product glut that could hurt long-term investor outcomes and attract regulatory scrutiny. BlackRock’s New Covered Call Bitcoin ETF Is Another Red Flag for a Dangerous Investing Trend

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.