Stephen Cohen, who serves as a Senior Managing Director at BlackRock, Inc. (NYSE:BLK), completed a sale of 2,179 shares of the company's common stock on February 11, 2026. The shares were transacted at $1,073.87 apiece, producing a total transaction value of $2.34 million. After the disposition, Cohen's direct holdings in BlackRock total 6,543 shares, a figure that incorporates restricted stock units.
BlackRock's most recent fourth-quarter earnings report outperformed analyst forecasts and triggered favorable reactions across several investment firms. UBS singled out the company's 12% annualized organic base-fee growth as particularly notable and raised its price target from $1,218 to $1,280 while retaining a Neutral rating on the stock. Keefe, Bruyette & Woods also responded positively, boosting its price target from $1,310 to $1,340 and maintaining an Outperform rating.
Corporate governance activity at BlackRock has also been in focus. Gregg R. Lemkau, Co-CEO of BDT & MSD Partners, has been appointed to BlackRock's Board of Directors as an independent director. At the same time, CEO Larry Fink is reported to be contemplating relocating the World Economic Forum's annual meeting from its historic venue in Davos, signaling consideration of strategic shifts in the firm's public engagement.
Separately, Rick Rieder, BlackRock's chief bond investment manager, has been mentioned as a potential candidate for the Federal Reserve Chair position. White House adviser Kevin Hassett has expressed admiration for Rieder, a development noted in public commentary about leadership possibilities.
Taken together, the insider transaction, analyst responses to robust quarterly results, and movements in governance and leadership discourse illustrate active developments at BlackRock in both financial performance and executive oversight. The sale by Cohen represents a discrete insider transaction, while the analyst revisions and board appointment reflect market and governance responses to the company's recent disclosures and strategic posture.
Additional context provided in this report:
- Transaction details: 2,179 shares sold on February 11, 2026 at $1,073.87 per share, totaling $2.34 million.
- Post-sale holdings: Cohen directly owns 6,543 BlackRock shares, including restricted stock units.
- Analyst actions: UBS raised its price target to $1,280 from $1,218 while keeping a Neutral rating; Keefe, Bruyette & Woods lifted its target to $1,340 from $1,310 and kept an Outperform rating.
- Governance and leadership: Gregg R. Lemkau appointed as an independent director; Larry Fink is considering relocating the World Economic Forum meeting; Rick Rieder has been mentioned as a potential Fed Chair candidate with public admiration noted from Kevin Hassett.