<div id="readability-page-1"><p>Hilton Capital Management LLC purchased a new position in shares of  BlackRock (NYSE:BLK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor  purchased 6,473 shares of the asset manager's stock, valued at approximately $6,792,000.</p><ul><li>Why Bitcoin ETFs Like IBIT May Be Set to Surge in 2026</li></ul><p>Several other large investors have also bought and sold shares of BLK. Norges Bank purchased a new stake in shares of  BlackRock in the second quarter valued at about $2,644,007,000.  Laurel Wealth Advisors LLC grew its position in  BlackRock by 105,267.4% in 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 purchasing an additional 1,704,280 shares in the last quarter.  Franklin Resources Inc. increased its stake in  BlackRock by 72.5% in the 2nd quarter. Franklin Resources Inc. now owns 2,005,358 shares of the asset manager's stock valued at $2,104,122,000 after buying an additional 842,901 shares during the last quarter.  DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of  BlackRock by 1,962.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 792,494 shares of the asset manager's stock worth $831,524,000 after buying an additional 754,060 shares during the last quarter.  Finally, Royal Bank of Canada grew its holdings in shares of  BlackRock by 73.2% in the first quarter. Royal Bank of Canada now owns 1,313,350 shares of the asset manager's stock valued at $1,243,059,000 after acquiring an additional 555,098 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors. </p><h2>Insiders Place Their Bets</h2><p>In other news, CFO Martin Small sold 1,258 shares of the 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 directly owned 6,209 shares of the company's stock, valued at approximately $6,478,346.42. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rachel Lord sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the completion of the transaction, the director owned 7,205 shares of the company's stock, valued at $8,394,113.20. This trade represents a 62.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own  1.98% of the company's stock. </p><h2>BlackRock Price Performance</h2><ul><li>Why Billions Are Flowing into IBIT, BlackRock's Bitcoin ETF</li></ul><p>BLK opened at $1,088.99 on Friday. The firm has a 50-day moving average price of $1,092.11 and a 200-day moving average price of $1,087.56. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $168.96 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.72 and a beta of 1.47. </p><p>BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly 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). BlackRock had a net margin of 26.64% and a return on equity of 14.80%. The business had revenue of $6.51 billion for the quarter, compared to analysts' expectations of $6.22 billion. During the same quarter in the previous year, the company posted $11.46 earnings per share. The business's quarterly revenue was up 25.2% compared to the same quarter last year.  Equities analysts expect that  BlackRock will post 47.41 EPS for the current year. </p><h2>BlackRock Announces Dividend</h2><ul><li>Iron Mountain Down 23% From Its 1-Year High—Is It Undervalued?</li></ul><p>The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Friday, December 5th will be given a $5.21 dividend. The ex-dividend date is Friday, December 5th. This represents a $20.84 annualized dividend and a dividend yield of 1.9%. BlackRock's payout ratio is 53.59%. </p><h2>Analyst Ratings Changes</h2><p>A number of analysts recently commented on the company. Jefferies Financial Group lifted their price target on BlackRock from $1,196.00 to $1,325.00 and gave the stock a &#34;buy&#34; rating in a report on Tuesday, October 7th. Loop Capital  set a $1,255.00 target price on BlackRock in a research note on Tuesday, October 21st. Bank of America increased their price target on shares of BlackRock from $1,456.00 to $1,464.00 in a research report on Wednesday. Citigroup lifted their price objective on shares of BlackRock from $1,200.00 to $1,350.00 and gave the stock a &#34;buy&#34; rating in a research report on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of BlackRock from $1,312.00 to $1,305.00 and set a &#34;buy&#34; rating on the stock in a research note on Friday, November 14th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned  a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $1,313.65.</p><p><b>Check Out Our Latest Analysis on BLK</b></p><h2>BlackRock Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than BlackRock</li><li>What Investors Need to Know to Beat the Market</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li><li>3 REITs to Buy and Hold for the Long Term</li><li>MarketBeat Week in Review – 12/8 - 12/12</li><li>Investing in Commodities: What Are They? How to Invest in Them</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li></ul><p><strong>Want to see what other hedge funds are holding BLK?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJMSw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJMSw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in BlackRock Right Now?</h2><p>Before you consider BlackRock, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock wasn't on the list.</p><p>While BlackRock currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Hilton Capital Management LLC acquired 6,473 shares of BlackRock, valued at $6,792,000, in Q2. Other investors like Norges Bank and Franklin Resources also increased their stakes. BlackRock's stock opened at $1,088.99, with a market cap of $168.96 billion. The company reported Q3 earnings of $11.55 per share, missing estimates. A quarterly dividend of $5.21 per share was announced, with a yield of 1.9%. Analysts have adjusted price targets, with Jefferies Financial Group raising it to $1,325.</p>

Hilton Capital Management LLC Takes Position in BlackRock $BLK