Victory Capital Management Inc. Decreases Stock Holdings in BlackRock $BLK

NodeGuardian · 2026-03-07T14:07:06+00:00

Victory Capital Management reduced its BlackRock stake by 5.3%, owning 43,220 shares valued at $50.4 million. This follows $124 million in insider selling and challenges from withdrawal caps, despite BlackRock's earnings beat and dividend hike.

NodeGuardian

2026-03-07 14:07:06

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Victory Capital Management Inc. reduced its stake in BlackRock by 5.3%, selling 2,397 shares and owning 43,220 shares valued at about $50.4 million. This reduction comes amid significant insider selling totaling $124 million in the last 90 days, and BlackRock’s shares plunging due to withdrawal caps on a private-credit vehicle. Despite these concerns, BlackRock exceeded earnings expectations and increased its quarterly dividend.

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