Kingsview Wealth Management LLC Raises Stock Position in BlackRock $BLK

Kingsview Wealth Management LLC raised its position in BlackRock (NYSE:BLK) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,188 shares of the asset manager’s stock after purchasing an additional 633 shares during the quarter. Kingsview Wealth Management LLC’s holdings in BlackRock were worth $9,546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLK. Pacifica Partners Inc. grew its position in BlackRock by 450.0% in the third quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after acquiring an additional 18 shares during the period. TruNorth Capital Management LLC grew its holdings in shares of 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 during the period. Traub Capital Management LLC acquired a new stake in shares of BlackRock during the 2nd quarter worth about $28,000. Howard Hughes Medical Institute acquired a new stake in shares of BlackRock during the 2nd quarter worth about $33,000. Finally, Hopwood Financial Services Inc. raised its holdings in BlackRock by 866.7% in the 3rd 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 during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity

In other BlackRock news, COO Robert L. Goldstein sold 54,190 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $1,087.29, for a total transaction of $58,920,245.10. Following the completion of the transaction, the chief operating officer owned 51,478 shares in the company, valued at $55,971,514.62. The trade was a 51.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J. Richard Kushel sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $1,125.00, for a total transaction of $22,500,000.00. Following the completion of the sale, 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. 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 three months. Insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of BlackRock from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Bank of America lifted their target price on shares of BlackRock from $1,456.00 to $1,464.00 in a report on Wednesday, December 10th. Morgan Stanley upped their price target on BlackRock from $1,514.00 to $1,550.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Evercore lowered their price target on BlackRock from $1,300.00 to $1,275.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. Finally, CICC Research boosted their price objective on BlackRock from $1,000.00 to $1,250.00 in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,311.11.

BlackRock Stock Up 0.5%

Shares of NYSE BLK opened at $1,068.53 on Tuesday. The stock has a market cap of $165.78 billion, a P/E ratio of 30.17, a PEG ratio of 1.33 and a beta of 1.48. The business’s fifty day simple moving average is $1,094.50 and its 200-day simple moving average is $1,102.10. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,219.94. 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 (NYSE:BLK) last issued its quarterly earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share for the quarter, topping the consensus estimate of $12.55 by $0.61. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.80 billion. BlackRock had a return on equity of 14.78% and a net margin of 22.93%.BlackRock’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $11.93 EPS. As a group, equities analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Friday, March 6th will be issued a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.1%. This is a positive change from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date of this dividend is Friday, March 6th. BlackRock’s dividend payout ratio is 58.84%.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock‑linked consortium to buy AES — Global Infrastructure Partners (GIP), which is owned by BlackRock, is part of a consortium paying $15/share in an all‑cash, ~$33.4B enterprise‑value take‑private of AES. The deal highlights continued private‑infrastructure deal flow that can drive placement fees, fundraising and AUM growth in BlackRock’s private markets franchises. BlackRock‑led consortium to buy AES for $33.4B
• Positive Sentiment: Stakebuilding in BAWAG — BlackRock increased its stake in Austria’s BAWAG Group to 5.49%, crossing a regulatory threshold. Active equity stakes can signal strategic allocation and may lead to engagement or higher voting influence—both signs of an opportunistic portfolio posture. BlackRock Raises Stake in Austria’s BAWAG Group to 5.49%
• Positive Sentiment: Dividend confirmation — BlackRock announced a cash dividend payable March 24, continuing a long track record of payouts; that supports income investors and reduces concern about near‑term cash returns. BlackRock to pay dividends on March 24; Here’s how much 100 BLK shares will earn
• Positive Sentiment: iShares ETF flows/relative strength — Some BlackRock iShares ETFs have rallied while the S&P 500 is mixed, underscoring continued demand for passive products that are core to BlackRock’s recurring‑revenue base. 2 BlackRock iShares ETFs Rise While the S&P 500 Struggles
• Neutral Sentiment: Planned sale of Naturgy stake — BlackRock has appointed banks to sell its 11.4% stake in Spanish energy firm Naturgy. A managed exit can free capital or crystallize gains/losses; market impact depends on execution size/timing. BlackRock to sell its 11.4% stake in Spanish energy firm Naturgy
• Neutral Sentiment: BlackRock Foundation report — New research shows rising investor participation among low‑ and moderate‑income Americans. Useful for long‑term retail adoption narrative but limited immediate earnings impact. New Report from The BlackRock Foundation and Commonwealth Confirms Surging Investor Participation
• Neutral Sentiment: BlackRock‑managed closed‑end funds: TCP Capital NAV pressure — A sharp NAV hit at BlackRock TCP Capital (TCPC) is a fund‑specific development that highlights credit/market stress in some strategies but is not the same as BLK’s corporate earnings. BlackRock TCP Capital Confronts Sharp NAV Hit
• Negative Sentiment: Market volatility, higher yields and inflation worries — Geopolitical tensions (Iran/Strait of Hormuz reports) have pushed Treasury yields up and revived inflation concerns. Rising rates and volatility can pressure fixed‑income AUM performance, influence flows between passive/active products, and add near‑term uncertainty to asset manager revenue. Treasuries Rout Shows Iran Conflict Reigniting Inflation Worry
• Negative Sentiment: Indexes mixed on geopolitical headlines — US equity indexes closed mixed amid oil and geopolitical headlines; weaker equity markets can reduce equity AUM and fee pressure if sustained. US Equity Indexes Mixed, Treasury Yields Surge as Iran War Continues

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.