Tritonpoint Wealth LLC Sells 699 Shares of BlackRock $BLK

04 Apr 2026, 08:04 by Renee Jackson · The Cerbat Gem

Tritonpoint Wealth LLC trimmed its position in shares of BlackRock (NYSE:BLK – Free Report) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,005 shares of the asset manager’s stock after selling 699 shares during the period. Tritonpoint Wealth LLC’s holdings in BlackRock were worth $5,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacifica Partners Inc. boosted its position in shares of BlackRock by 450.0% during the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after acquiring an additional 18 shares in the last quarter. TruNorth Capital Management LLC raised its position in BlackRock by 1,000.0% during the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 20 shares in the last quarter. Hopwood Financial Services Inc. raised its position in BlackRock by 866.7% during the third quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 26 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in BlackRock during the second quarter worth $33,000. Finally, Collier Financial acquired a new stake in shares of BlackRock in the 3rd quarter valued at $36,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Price Performance

BLK stock opened at $967.39 on Friday. The company has a market capitalization of $150.47 billion, a P/E ratio of 27.31, a PEG ratio of 1.24 and a beta of 1.48. The company has a fifty day moving average price of $1,029.49 and a 200-day moving average price of $1,076.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.98 and a current ratio of 2.98. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,219.94.

BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings data 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 analysts’ expectations of $6.80 billion. BlackRock had a net margin of 22.93% and a return on equity of 14.78%. BlackRock’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $11.93 earnings per share. As a group, equities analysts expect that BlackRock will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th were given a $5.73 dividend. This is a boost from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date was Friday, March 6th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.4%. BlackRock’s dividend payout ratio is presently 64.71%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore decreased their price target on BlackRock from $1,275.00 to $1,235.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th. Freedom Capital raised BlackRock from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Bank of America lifted their target price on BlackRock from $1,456.00 to $1,464.00 in a research report on Wednesday, December 10th. UBS Group raised BlackRock from a “neutral” rating to a “buy” rating and set a $1,280.00 target price for the company in a research note on Monday, February 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $1,313.00 target price on shares of BlackRock in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,298.78.

Check Out Our Latest Analysis on BLK

More BlackRock News

Here are the key news stories impacting BlackRock this week:

Positive Sentiment: BlackRock’s spot Bitcoin ETF (IBIT) has seen a surge in trading volume, reportedly doubling Coinbase’s volume and making IBIT competitive with major crypto venues — this boosts fee and distribution momentum for BlackRock’s ETF business and signals strong retail/institutional demand. BlackRock’s Bitcoin ETF (IBIT) Doubles the Trading Volume of Coinbase to Now Rival Binance
Positive Sentiment: BlackRock expanded and extended its revolving credit facility (seventeenth amendment), improving liquidity and reducing near‑term refinancing risk for the firm and its subsidiaries — a balance‑sheet positive that can reassure credit markets. BlackRock Expands and Extends Revolving Credit Facility
Neutral Sentiment: BlackRock is reallocating capital across themes — increasing exposure to quantum computing (IQM) while adding bearish positions on German government bonds — signaling active tactical positioning that could pay off or hurt near term depending on macro moves. BlackRock Balances Quantum Computing Bet With Bearish German Bond Views
Neutral Sentiment: BlackRock’s Tactical Opportunities fund has expanded short positions in German bunds (expects yields to rise above 3.13%), a portfolio hedge that reflects Europe inflation worries but is a tactical stance rather than a structural problem. BlackRock Fund Expands Shorts, Sees German Yields Above 3.13%
Negative Sentiment: Regulatory and litigation risk: Pomerantz LLP has opened an investigation and there are public investor alerts after BlackRock limited withdrawals from its HPS Corporate Lending private credit fund when redemptions exceeded a 5% liquidity threshold — this raises governance, disclosure and legal risk for BlackRock’s fast‑growing alternatives business. BlackRock Liquidity Probe in Private Credit Might Change The Case For Investing In BlackRock (BLK)
Negative Sentiment: Analyst/market pressure: Morgan Stanley has lowered its expectations for BLK, and other pieces highlight intensifying regulatory scrutiny and governance questions around private credit and ETF communications — factors that could weigh on the stock if litigation or regulatory action escalates. Morgan Stanley Has Lowered Expectations for BlackRock (NYSE:BLK) Stock Price
Negative Sentiment: Sector stress: large private‑credit firms (e.g., Blue Owl) have limited redemptions after heavy outflows, underscoring systemic liquidity risk in the private credit space that could amplify reputational and redemption risks for BlackRock’s alternatives platform. Blue Owl Limits Redemptions on Private Credit Funds After Massive Exit Requests

Insider Buying and Selling

In related news, COO Robert L. Goldstein sold 54,190 shares of BlackRock stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $1,087.29, for a total value of $58,920,245.10. Following the transaction, the chief operating officer directly owned 51,478 shares of the company’s stock, valued at $55,971,514.62. The trade was a 51.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Small sold 27,047 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $1,171.14, for a total value of $31,675,823.58. Following the completion of the sale, the chief financial officer owned 10,557 shares in the company, valued at $12,363,724.98. The trade was a 71.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 111,319 shares of company stock valued at $123,999,249 over the last three months. 1.98% of the stock is owned by insiders.

BlackRock Company Profile

(Free Report)

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.