Wedmont Private Capital Acquires 206 Shares of BlackRock $BLK

18 Sep 2025, 10:28 by Mitch Edgeman · The Markets Daily

Wedmont Private Capital grew its holdings in shares of BlackRock (NYSE:BLK – Free Report) by 8.4% during the second quarter, Holdings Channel reports. The firm owned 2,664 shares of the asset manager’s stock after purchasing an additional 206 shares during the period. Wedmont Private Capital’s holdings in BlackRock were worth $2,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. McLean Asset Management Corp lifted its position in BlackRock by 3.9% during the 2nd quarter. McLean Asset Management Corp now owns 266 shares of the asset manager’s stock worth $285,000 after acquiring an additional 10 shares during the last quarter. Trust Co. of Oklahoma lifted its position in BlackRock by 0.5% during the 2nd quarter. Trust Co. of Oklahoma now owns 2,023 shares of the asset manager’s stock worth $2,123,000 after acquiring an additional 10 shares during the last quarter. Detalus Advisors LLC lifted its position in BlackRock by 2.8% during the 1st quarter. Detalus Advisors LLC now owns 409 shares of the asset manager’s stock worth $387,000 after acquiring an additional 11 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in BlackRock by 20.4% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 65 shares of the asset manager’s stock worth $62,000 after acquiring an additional 11 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its position in BlackRock by 1.8% during the 2nd quarter. Focus Financial Network Inc. now owns 619 shares of the asset manager’s stock worth $650,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In other news, CEO Laurence Fink sold 14,828 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $1,122.28, for a total transaction of $16,641,167.84. Following the transaction, the chief executive officer directly owned 263,751 shares in the company, valued at approximately $296,002,472.28. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rachel Lord sold 18,036 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total transaction of $20,301,321.60. Following the transaction, the director owned 19,205 shares in the company, valued at $21,617,148. The trade was a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,494 shares of company stock valued at $74,694,573 over the last ninety days. Company insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BLK shares. Keefe, Bruyette & Woods cut their target price on shares of BlackRock from $1,247.00 to $1,224.00 and set an “outperform” rating for the company in a research report on Wednesday, July 16th. Jefferies Financial Group boosted their target price on shares of BlackRock from $959.00 to $1,210.00 in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $1,018.00 to $1,093.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Zacks Research downgraded shares of BlackRock from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Bank of America boosted their price objective on shares of BlackRock from $1,214.00 to $1,224.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,154.07.

Check Out Our Latest Analysis on BLK

BlackRock Price Performance

Shares of BLK stock opened at $1,131.20 on Thursday. BlackRock has a 1 year low of $773.74 and a 1 year high of $1,171.89. The firm’s 50 day moving average is $1,118.35 and its 200-day moving average is $1,010.36. The firm has a market capitalization of $175.17 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 2.14 and a beta of 1.45. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39.

BlackRock (NYSE:BLK – Get Free Report) last announced its earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.41 by $1.64. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the business earned $10.36 earnings per share. BlackRock’s quarterly revenue was up 12.9% on a year-over-year basis. Sell-side analysts forecast that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be given a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, September 5th. BlackRock’s dividend payout ratio is presently 50.39%.

About BlackRock

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