True North Advisors 13F: New $633K Stake in BlackRock (BLK)
Key Points
- True North Advisors initiated a new position in BlackRock, Inc. (BLK) with the purchase of 598 shares valued at $632,857.
- BlackRock offers a dividend with an annual rate of $22.92 per share, giving it a yield of 1.99% based on a payout ratio of 52.4%.
- Analyst coverage shows strong backing with a consensus strong buy rating and a mean price target of $1,351.0.
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True North Advisors opened a new position in BlackRock, Inc. (NYSE: BLK), picking up 598 shares worth about $632,857. The investment was revealed in a Form 13F filing with the Securities and Exchange Commission on October 22, 2026.
BLK
BlackRock, Inc.
What Changed in True North Advisors's BlackRock Position
True North Advisors started a brand-new stake in the asset management firm during the period, purchasing 598 shares. The holdings carried a reported value of $632,857 at the time of the disclosure.
Other Institutional Activity in BlackRock
Other institutional investors adjusted their holdings around the same time. Robertson Stephens Wealth Management sold out its position, cutting 3,547 shares to end with zero shares valued at zero. Montrusco Bolton Investments also closed out its stake, shedding 43,323 shares to finish with zero shares. Curated Wealth Partners trimmed its holdings by 99.58% down to 1,064 shares worth about $1,126,023. Global Strategic Investment Solutions added a new stake of 200 shares valued at about $211,799. Temasek Holdings (Private) Ltd reduced its holdings by 2.5%, ending with 5,195,165 shares worth about $5,908,409,405.
BlackRock, Inc. Stock Up 0.8%
BlackRock shares closed at $1,149.60 on October 21, 2026. Recently, the stock traded around $1,137.87 on October 23, 2026, which is down about 1.0% since that filing close. The shares sit 2.9% above their 50-day moving average of $1,106.14 and 7.2% above their 200-day moving average of $1,061.80.
Recent Earnings
BlackRock posted $28,541,991,040 in trailing-twelve-month revenue alongside earnings of $43.92 per share. The company reported a net profit margin of 24.2% and year-over-year revenue growth of 19.1%. Its next earnings report is scheduled for January 14, 2027.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 7.5%. Revenue beat estimates by 3.7%.
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Profit surprise
EBITDA missed by 5 percent. Operating income missed by 10 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
6 target raises, 1 target cut.
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Earnings quality
Gross margin up 33.6 points. Operating margin up 2.3 points. Positive free cash flow.
Earnings Call Summary
BlackRock opened 2026 with one of its best quarters ever, generating one hundred thirty billion dollars in net inflows and eight percent organic base fee growth. Revenue jumped twenty-seven percent to six point seven billion dollars, driven by strong market performance, organic growth across ETFs and private markets, and the impact of acquisitions like HPS and Preqin. Management highlighted accelerating momentum in iShares, record Aperio flows of thirteen billion dollars, and strong institutional demand for private credit despite retail weakness. Larry Fink emphasized that clients are consolidating relationships with fewer managers and choosing BlackRock for its integrated public and private markets platform at global scale.
Guidance BlackRock did not provide new forward guidance in this call. Management reaffirmed its 2030 plan to deliver organic base fee growth of five percent or higher through a diversified public and private markets platform. They expect to continue targeting an adjusted operating margin of forty-five percent or greater, with recurring fee-related earnings margins trending toward fifty percent as private markets scale.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
BlackRock pays an annual dividend of $22.92 per share, which translates to a yield of 1.99%. The company distributes 52.4% of its earnings to shareholders as dividends.
Insider Buying and Selling at BlackRock, Inc.
Company insiders executed transactions prior to the filing. General Counsel Christopher J. Meade disposed of 18,095 shares on July 16, 2026, for a total value of $19,942,340. Chief Executive Officer Laurence D. Fink sold 1,905 shares on July 16, 2026, at an average price of $1,080.57, totaling $2,058,486.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On October 15, 2026, UBS maintained a Buy rating while lifting its target to $1,300.00 from $1,277.00. Morgan Stanley kept an Overweight rating on October 15, 2026, raising its target to $1,531.00 from $1,468.00. JP Morgan maintained an Overweight rating on October 15, 2026, moving its target to $1,449.00 from $1,435.00. BMO Capital maintained an Outperform rating on October 19, 2026, raising its target to $1,350.00 from $1,300.00. TD Cowen upgraded the stock to a Buy rating on October 20, 2026, setting a target of $1,405.00 up from $1,212.00. Overall, the stock carries a strong buy recommendation and a mean price target of $1,351.00 from 17 analysts.
About BlackRock, Inc.
BlackRock, Inc. is a publicly owned investment manager headquartered in New York, NY. The firm serves institutional, intermediary, and individual investors, including pension plans, insurance companies, foundations, and sovereign wealth funds, while also offering global risk management and advisory services.
Bottom Line
True North Advisors joins a diverse group of institutional managers adjusting their portfolios. Investors will look toward the upcoming earnings release on January 14, 2027, for further updates on the firm's financial trajectory.
Related Filing Alerts
Source: True North Advisors's 13F filing on $BLK (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts