Robertson Stephens Wealth Management 13F: Exits BLK Stake

In a filing on October 16, 2026, Robertson Stephens Wealth Management disclosed that it sold out of its position in BlackRock, Inc. (NYSE: BLK), unloading all 3,547 shares it held previously. Because Form 13F filings look backward at holdings from the end of the previous quarter, this disclosure reflects the firm's portfolio choices back then and may not represent its current holdings today. 3F filings focus on institutional changes rather than day-to-day trading, and this complete exit removes the firm from the asset manager's shareholder roster.

Inside Robertson Stephens Wealth Management's BlackRock Trade

Robertson Stephens Wealth Management closed its position entirely by parting with 3,547 shares. The firm held 3,547 shares prior to the sale, bringing its ending share count to zero and completing a 100.0% reduction.

Other Institutional Activity in BlackRock, Inc.

Other large institutional investors adjusted their holdings around the same reporting period. Blackrock Inc. grew its holdings by 5,066 shares, ending with 10,137,544 shares worth about $11,499,827,212 following a 0.1% increase. Vanguard Capital Management LLC grew its holdings by 39,735 shares, ending with 9,280,533 shares worth about $10,527,651,069 after a 0.4% increase. State Street Corporation grew its holdings by 136,242 shares, ending with 6,414,683 shares worth about $7,276,688,132 following a 2.2% increase. Temasek Holdings (Private) Ltd trimmed its stake by 135,396 shares, ending with 5,195,165 shares valued at about $5,893,291,298 after a 2.5% decrease. Bank of America Corporation cut its stake by 647,874 shares, finishing with 4,585,356 shares worth about $5,201,536,161 following a 12.4% decrease.

BlackRock, Inc. Stock Up 4.8%

BlackRock recently traded around $1,125.64 per share, sitting about 1.7% above its 50-day moving average and about 6.1% above its 200-day moving average. The stock trades roughly 7.0% below its 52-week high of $1,209.89 and about 22.7% above its 52-week low of $917.39.

Recent Earnings

BlackRock reported trailing twelve month revenue of $28,541,991,040 alongside trailing earnings of $43.92 per share. The company posted a net profit margin of 24.2% and a year-over-year revenue growth rate of 19.1%. Its next quarterly earnings release is scheduled for January 14, 2027.

Dividend

BlackRock pays an annual dividend yielding 2.05% with a payout ratio of 52.4%.

Insider Buying and Selling at BlackRock, Inc.

Chief Executive Officer Laurence D. Fink sold 1,905 shares on July 16, 2026, at an average price of $1,080.57 for a total value of $2,058,486. General Counsel Christopher J. Meade sold 18,095 shares on July 16, 2026, valued at $19,942,340.

Analysts Set New Price Targets

UBS maintained a Buy rating on the stock with a price target of $1,300.00 on October 15, 2026. Morgan Stanley maintained an Overweight rating and raised its target to $1,531.00 on October 15, 2026. JP Morgan maintained an Overweight rating with a $1,449.00 price target on October 15, 2026. Barclays maintained an Overweight rating while adjusting its target to $1,410.00 on October 15, 2026. Wells Fargo maintained an Overweight rating and raised its target to $1,250.00 on October 15, 2026. Overall, the stock carries a consensus strong buy rating from 17 analysts with a mean price target of $1,336.71.

About BlackRock, Inc.

BlackRock, Inc. is an investment manager based in New York that serves institutional, intermediary, and individual investors. The company provides a wide range of asset management services, pension plan administration, and global risk management solutions. Institutional filing updates like this one offer insight into how professional wealth managers rotate capital across major financial sector names.

Bottom Line

Investors tracking BlackRock will want to watch for any shifts in institutional ownership reported in upcoming SEC filings and monitor the company's next earnings update in January 2027. Remember that 13F filings are historical snapshots and may not reflect what Robertson Stephens Wealth Management holds today.