Bridges Investment Management Inc. Trims Holdings in BlackRock $BLK

16 Oct 2025, 09:36 by Jessica Moore · The Cerbat Gem

Bridges Investment Management Inc. trimmed its position in BlackRock (NYSE:BLK – Free Report) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,470 shares of the asset manager’s stock after selling 1,263 shares during the quarter. BlackRock comprises approximately 1.2% of Bridges Investment Management Inc.’s holdings, making the stock its 24th biggest position. Bridges Investment Management Inc.’s holdings in BlackRock were worth $90,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLK. Brighton Jones LLC increased its holdings in BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 296 shares in the last quarter. Bison Wealth LLC grew its holdings in BlackRock by 1.6% during the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after buying an additional 17 shares in the last quarter. GAMMA Investing LLC grew its holdings in BlackRock by 10.6% during the 1st quarter. GAMMA Investing LLC now owns 3,698 shares of the asset manager’s stock valued at $3,500,000 after buying an additional 355 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in BlackRock by 5.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,049 shares of the asset manager’s stock valued at $33,172,000 after buying an additional 1,740 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in BlackRock during the 1st quarter valued at approximately $772,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLK has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $1,320.00 price objective on shares of BlackRock and gave the company a “buy” rating in a report on Wednesday. Barclays increased their price objective on shares of BlackRock from $1,310.00 to $1,360.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of BlackRock from $1,093.00 to $1,242.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Evercore ISI increased their price objective on shares of BlackRock from $1,200.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, Jefferies Financial Group increased their price objective on shares of BlackRock from $1,196.00 to $1,325.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,300.81.

Get Our Latest Research Report on BLK

Insider Buying and Selling

In related news, Director Rachel Lord sold 18,036 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the completion of the sale, the director directly owned 19,205 shares in the company, valued at $21,617,148. This trade represents a 48.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J. Richard Kushel sold 17,142 shares of the firm’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the completion of the sale, the director owned 61,369 shares of the company’s stock, valued at approximately $68,763,964.50. This represents a 21.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,494 shares of company stock valued at $74,694,573 in the last three months. Corporate insiders own 1.98% of the company’s stock.

BlackRock Stock Up 0.6%

NYSE BLK opened at $1,201.37 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. The company has a market capitalization of $186.03 billion, a P/E ratio of 30.89, a P/E/G ratio of 2.17 and a beta of 1.45. BlackRock has a one year low of $773.74 and a one year high of $1,219.94. The stock has a 50 day moving average price of $1,138.95 and a 200-day moving average price of $1,039.23.

BlackRock (NYSE:BLK – Get Free Report) last posted its earnings results on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). The firm had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.22 billion. BlackRock had a net margin of 26.64% and a return on equity of 15.36%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $11.46 earnings per share. As a group, equities analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 5th were given a $5.21 dividend. The ex-dividend date was Friday, September 5th. This represents a $20.84 dividend on an annualized basis and a yield of 1.7%. BlackRock’s dividend payout ratio (DPR) is currently 50.39%.

About BlackRock

(Free Report)

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.