BlackRock $BLK Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in shares of BlackRock (NYSE:BLK) by 1.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 355,620 shares of the asset manager’s stock after selling 5,375 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock were worth $380,634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Birchbrook Inc. acquired a new stake in shares of BlackRock during the 4th quarter worth $31,000. LFA Lugano Financial Advisors SA purchased a new stake in BlackRock during the 4th quarter worth $32,000. Hopwood Financial Services Inc. boosted its position in BlackRock by 866.7% during the 3rd quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock worth $34,000 after purchasing an additional 26 shares during the period. Collier Financial purchased a new stake in BlackRock during the 3rd quarter worth $36,000. Finally, Goodman Advisory Group LLC purchased a new stake in BlackRock during the 3rd quarter worth $37,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. TD Cowen decreased their price target on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. BMO Capital Markets upped their price target on shares of BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Weiss Ratings raised shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,269.06.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s private-credit expansion got a boost from a new partnership with Citi, which will use BlackRock’s HPS platform to broaden direct lending across EMEA as demand for private credit continues to grow. Citi strikes €15bn partnership with BlackRock for private European lending
• Positive Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) is still gathering assets overall in May, with reports indicating more than 8,000 Bitcoin added during the month, supporting the firm’s ETF fee engine. BlackRock adds over 8,000 Bitcoin in May 2026
• Neutral Sentiment: BlackRock was reported to have transferred a large amount of Bitcoin to Coinbase Prime wallets, which appears consistent with ETF custody/trading operations rather than a clear strategic shift. BlackRock moves 5,847 Bitcoin worth $450M to Coinbase Prime wallets
• Neutral Sentiment: Shapoorji Pallonji Group is seeking $2.7 billion in private credit, with BlackRock among the potential providers, reinforcing demand for its lending capabilities. SP Group plans to raise $2.7 billion; BlackRock, Bofa may chip in
• Negative Sentiment: Sentiment on BLK has been pressured by a broader risk-off move, rising Treasury yields, and large outflows from spot bitcoin ETFs, including roughly $448 million from BlackRock’s IBIT in one session, which could hurt fee-related growth expectations. BlackRock slides as risk-off tone hits financials and crypto-ETF flow headlines resurface
• Negative Sentiment: Investors are also watching regulatory risk after reports that the Manhattan U.S. Attorney’s Office requested information on valuation practices at BlackRock’s private credit fund, adding uncertainty around a key growth area. BlackRock’s Troubled Private Credit Fund Draws DOJ Scrutiny

BlackRock Stock Performance

NYSE:BLK opened at $1,036.89 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. The firm has a 50-day moving average of $1,011.94 and a two-hundred day moving average of $1,054.33. The stock has a market cap of $160.96 billion, a P/E ratio of 26.03, a PEG ratio of 1.42 and a beta of 1.44. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $12.40 by $0.13. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.56 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the prior year, the company posted $9.64 EPS. On average, research analysts expect that BlackRock will post 52.77 earnings per share for the current fiscal year.

Insider Activity at BlackRock

In other news, President Robert Kapito sold 8,739 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the sale, the president owned 210,186 shares in the company, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J. Richard Kushel sold 385 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,084.91, for a total transaction of $417,690.35. Following the completion of the sale, the director owned 3,335 shares in the company, valued at approximately $3,618,174.85. This trade represents a 10.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 45,249 shares of company stock worth $47,671,714. Company insiders own 1.92% of the company’s stock.

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.