Culbertson A N & Co. Inc. Acquires New Position in BlackRock $BLK

Culbertson A N & Co. Inc. bought a new position in BlackRock (NYSE:BLK) in the third quarter, according to its most recent filing with the SEC. The firm bought 2,048 shares of the asset manager’s stock, valued at approximately $2,388,000.

A number of other hedge funds have also bought and sold shares of BLK. Forum Financial Management LP grew its holdings in shares of BlackRock by 14.4% during the third quarter. Forum Financial Management LP now owns 1,653 shares of the asset manager’s stock valued at $1,927,000 after buying an additional 208 shares during the last quarter. Phillips Financial Management LLC acquired a new stake in BlackRock during the 3rd quarter worth about $202,000. Hemington Wealth Management lifted its position in BlackRock by 11.1% during the 3rd quarter. Hemington Wealth Management now owns 140 shares of the asset manager’s stock worth $163,000 after acquiring an additional 14 shares during the period. Sachetta LLC grew its stake in BlackRock by 3.6% during the 3rd quarter. Sachetta LLC now owns 656 shares of the asset manager’s stock valued at $765,000 after purchasing an additional 23 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC increased its holdings in shares of BlackRock by 28.5% in the third quarter. Hidden Cove Wealth Management LLC now owns 248 shares of the asset manager’s stock valued at $289,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BLK. Bank of America upped their target price on BlackRock from $1,456.00 to $1,464.00 in a research report on Wednesday, December 10th. Loop Capital set a $1,255.00 price objective on shares of BlackRock in a research note on Tuesday, October 21st. 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 objective on the stock. JPMorgan Chase & Co. raised their target price on shares of BlackRock from $1,093.00 to $1,242.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Finally, TD Cowen upped their price target on shares of BlackRock from $1,301.00 to $1,407.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,313.12.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock and others see a big potential expansion in retail access to crypto, which supports future ETF/net‑new‑asset upside if Main Street demand grows. BlackRock predicts major shift in retail investors’ access to cryptocurrencies
• Positive Sentiment: Tokenization adoption: Jupiter launched JupUSD with reserves tied to BlackRock’s tokenized BUIDL fund — a sign BlackRock-backed institutional assets are being used in on‑chain products, which could broaden distribution and fees long term. Jupiter Exchange Launches JupUSD Stablecoin with BlackRock-Backed Reserves
• Positive Sentiment: Company clarification: BlackRock publicly reiterated it does not buy single‑family homes after a Trump proposal sparked market confusion — the clarification reduces an ongoing reputational/regulatory overhang for the firm. EXCLUSIVE: BlackRock Says It Does Not Buy Single-Family Homes After Trump Proposal
• Neutral Sentiment: Governance/leadership attention: BlackRock’s Rick Rieder was asked about being on a short list for Fed Chair — raises headlines but uncertain impact on firm fundamentals; investors may watch for potential conflicts or time distractions if the story develops. BlackRock’s Rieder Reacts to Being Considered for Fed Chair
• Neutral Sentiment: BlackRock crypto leadership: senior ETF executives said it’s still “very early days” for Bitcoin/Ethereum adoption — tempered optimism that supports a measured, long‑run view on crypto AUM. BlackRock ETF Chief Says ‘Still Very Early Days’ For Bitcoin, Ethereum
• Neutral Sentiment: Minor ownership update: BlackRock reduced its stake in Finland’s Orion below the 5% disclosure threshold — routine portfolio move, limited impact on BLK fundamentals. Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
• Negative Sentiment: Large crypto flows/signals: multiple outlets reported BlackRock moved sizable BTC/ETH to Coinbase Prime (and some headlines framed it as “dumping” ~$276M BTC and ~$83M ETH), which can spook investors about crypto exposure and short‑term ETF flows. BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime
• Negative Sentiment: Policy/politics ripple: Trump’s housing proposal triggered market confusion and a selloff in some real‑estate/asset‑manager stocks (and headlines conflating BlackRock/Blackstone amplified volatility), pressuring sentiment toward BLK. Trump Targets Wall Street Homebuyers: Why BlackRock, Blackstone Are Feeling The Heat
• Negative Sentiment: Analyst tweak: Keefe, Bruyette & Woods trimmed BLK’s price target slightly (still an outperform rating) — a modest headwind for sentiment. Keefe, Bruyette & Woods lowers price target on BlackRock

BlackRock Stock Performance

BLK opened at $1,085.06 on Friday. The firm has a fifty day moving average price of $1,067.10 and a 200 day moving average price of $1,102.31. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,219.94. The stock has a market cap of $168.35 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 3.33.

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

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 5th were paid a $5.21 dividend. This represents a $20.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, December 5th. BlackRock’s payout ratio is currently 53.59%.

Insider Buying and Selling

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