Brady Family Wealth LLC Has $9.18 Million Position in BlackRock $BLK

Brady Family Wealth LLC lowered its stake in shares of BlackRock (NYSE:BLK) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,877 shares of the asset manager’s stock after selling 484 shares during the period. BlackRock makes up 2.8% of Brady Family Wealth LLC’s portfolio, making the stock its 6th biggest position. Brady Family Wealth LLC’s holdings in BlackRock were worth $9,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of BLK. Pacifica Partners Inc. grew its holdings in BlackRock by 450.0% during the third quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 18 shares during the period. Garde Capital Inc. boosted its position in shares of BlackRock by 200.0% during the second quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after purchasing an additional 18 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of BlackRock during the second quarter worth $28,000. Whipplewood Advisors LLC grew its holdings in shares of BlackRock by 107.1% in the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after buying an additional 15 shares during the period. Finally, Game Plan Financial Advisors LLC increased its position in shares of BlackRock by 100.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after buying an additional 15 shares in the last quarter. 80.69% of the stock is owned by institutional investors.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Morgan Stanley reaffirmed an Overweight rating, supporting demand expectations and giving BLK near-term analyst support. Morgan Stanley note
• Positive Sentiment: BlackRock Canada cut management fees on several core iShares ETF portfolios (effective Dec. 18), which should help competitiveness and could lift AUM/flows in Canada. Fee cut press release
• Positive Sentiment: Wall Street remains generally constructive: multiple recent buy/overweight ratings and above-consensus price targets point to continued analyst conviction in BLK’s long-term earnings power. Analyst notes summary
• Neutral Sentiment: BlackRock signed an MoU with Mastercard and others to promote blockchain adoption in the Middle East — a strategic partnership that’s incremental for growth but not immediately material to earnings. PYMNTS article
• Neutral Sentiment: Eni sold a 49.99% stake in its carbon capture unit to GIP (BlackRock’s infrastructure fund) giving joint control — a sign of GIP deal activity and infrastructure exposure but limited immediate impact on BLK’s public earnings. Reuters
• Neutral Sentiment: Comparative valuation pieces (e.g., IVZ vs BLK) are circulating but don’t change fundamentals; useful for allocators weighing expense/return trade-offs. Zacks comparison
• Negative Sentiment: Deutsche Bank issued a pessimistic forecast for BLK’s stock, which likely contributed to selling pressure from model/quant funds and some institutional rebalancing. Deutsche Bank note
• Negative Sentiment: Keefe, Bruyette & Woods reduced expectations for BLK, adding to the negative analyst noise and pressuring sentiment. KBW note
• Negative Sentiment: Crypto flows: large spot-Bitcoin ETF inflows were reported (helpful) but BlackRock also moved BTC/ETH to exchanges for redemptions, sparking market volatility and headlines blaming BLK for short-term crypto declines — this fuels risk-off in ETFs and hurt sentiment. Blockonomi NewsBTC
• Negative Sentiment: Large insider selling activity has been reported recently, which can amplify downside as it raises governance/flow concerns among some investors. QuiverQuant insider summary

Insiders Place Their Bets

In other news, CFO Martin Small sold 1,258 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $1,043.38, for a total value of $1,312,572.04. Following the completion of the sale, the chief financial officer owned 6,209 shares of the company’s stock, valued at approximately $6,478,346.42. The trade was a 16.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rachel Lord sold 12,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the transaction, the director directly owned 7,205 shares in the company, valued at approximately $8,394,113.20. This represents a 62.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.98% of the stock is currently owned by company insiders.

BlackRock Price Performance

Shares of BLK opened at $1,059.34 on Friday. The company has a market cap of $164.36 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.67 and a beta of 1.47. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $1,082.73 and its 200 day simple moving average is $1,090.73. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a net margin of 26.64% and a return on equity of 14.80%. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.22 billion. During the same period in the previous year, the business earned $11.46 earnings per share. The business’s quarterly revenue was up 25.2% on a year-over-year basis. On average, research analysts forecast that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Friday, December 5th will be given a dividend of $5.21 per share. The ex-dividend date is Friday, December 5th. This represents a $20.84 annualized dividend and a yield of 2.0%. BlackRock’s dividend payout ratio (DPR) is presently 53.59%.

Analyst Ratings Changes

A number of research firms have issued reports on BLK. Keefe, Bruyette & Woods decreased their target price on BlackRock from $1,390.00 to $1,322.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays lowered their target price on BlackRock from $1,360.00 to $1,340.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. UBS Group assumed coverage on shares of BlackRock in a research note on Thursday, December 11th. They issued a “neutral” rating and a $1,180.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of BlackRock in a research report on Monday. Finally, Evercore ISI boosted their price objective on shares of BlackRock from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,316.18.

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.