Narwhal Capital Management Has $24.28 Million Stake in BlackRock $BLK

Narwhal Capital Management reduced its stake in BlackRock (NYSE:BLK) by 10.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,825 shares of the asset manager’s stock after selling 2,376 shares during the period. BlackRock comprises approximately 1.8% of Narwhal Capital Management’s investment portfolio, making the stock its 12th largest position. Narwhal Capital Management’s holdings in BlackRock were worth $24,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in BlackRock by 1.7% in the second quarter. Vanguard Group Inc. now owns 13,991,264 shares of the asset manager’s stock valued at $14,680,334,000 after buying an additional 227,192 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of BlackRock by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,143,429 shares of the asset manager’s stock valued at $3,281,641,000 after acquiring an additional 34,049 shares during the last quarter. Norges Bank acquired a new stake in shares of BlackRock during the 2nd quarter valued at $2,644,007,000. Franklin Resources Inc. grew its position in BlackRock by 72.5% during the 2nd quarter. Franklin Resources Inc. now owns 2,005,358 shares of the asset manager’s stock worth $2,104,122,000 after acquiring an additional 842,901 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its position in BlackRock by 105,267.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,705,899 shares of the asset manager’s stock worth $1,789,915,000 after acquiring an additional 1,704,280 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

BlackRock News Roundup

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

Analysts Set New Price Targets

Several research firms have commented on BLK. Barclays dropped their target price on BlackRock from $1,340.00 to $1,300.00 and set an “overweight” rating for the company in a research report on Thursday. Bank of America raised their price objective on shares of BlackRock from $1,456.00 to $1,464.00 in a report on Wednesday, December 10th. BNP Paribas Exane boosted their target price on shares of BlackRock from $1,160.00 to $1,265.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Evercore ISI upped their price target 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. Finally, Argus raised their price target on shares of BlackRock from $1,165.00 to $1,330.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,313.12.

BlackRock Stock Down 0.3%

Shares of NYSE BLK opened at $1,085.06 on Friday. The company’s 50 day moving average price is $1,067.10 and its 200-day moving average price is $1,101.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.33 and a current ratio of 3.33. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,219.94. The company has a market capitalization of $168.35 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.47.

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

BlackRock Announces Dividend

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

Insider Activity

In other news, Director Rachel Lord sold 12,000 shares of BlackRock stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the completion of the transaction, the director directly owned 7,205 shares of the company’s stock, valued at approximately $8,394,113.20. This trade represents a 62.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin Small sold 1,258 shares of the company’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 sale, the chief financial officer owned 6,209 shares in the company, valued at approximately $6,478,346.42. The trade was a 16.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.98% of the company’s stock.

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.