Dockside LLC purchased a new stake in BlackRock (NYSE:BLK – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,283 shares of the asset manager’s stock, valued at approximately $3,157,000.
Other large investors have also recently bought and sold shares of the company. RMG Wealth Management LLC acquired a new stake in shares of BlackRock during the 1st quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new position in BlackRock during the fourth quarter valued at approximately $26,000. Birchbrook Inc. bought a new stake in BlackRock during the fourth quarter worth $31,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of BlackRock in the 4th quarter valued at $32,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of BlackRock in the 4th quarter valued at $32,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BLK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised BlackRock from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Morgan Stanley raised their price objective on BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,389.00 target price on shares of BlackRock in a research report on Thursday, July 16th. BMO Capital Markets boosted their target price on BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Finally, Evercore reissued an “outperform” rating and issued a $1,260.00 target price on shares of BlackRock in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, BlackRock currently has a consensus rating of “Buy” and a consensus target price of $1,311.06.
BlackRock Stock Performance
NYSE BLK opened at $1,172.20 on Friday. The company has a market capitalization of $181.54 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.33 and a beta of 1.42. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94. The stock has a fifty day simple moving average of $1,053.84 and a 200 day simple moving average of $1,043.07.
BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the company posted $12.05 EPS. The business’s revenue was up 30.6% on a year-over-year basis. Sell-side analysts expect that BlackRock will post 55.63 EPS for the current year.
BlackRock Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $5.73 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.0%. BlackRock’s dividend payout ratio is presently 54.78%.
Key Headlines Impacting BlackRock
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: AI infrastructure financing could create a major growth opportunity. BlackRock is among the financial firms working with Nvidia (NASDAQ: NVDA) and other partners to mobilize more than $500 billion for data centers, GPUs and related infrastructure. The initiative could generate fees from asset management, private credit and structured-finance products while broadening BlackRock’s role beyond traditional investing. NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Positive Sentiment: Scale and asset growth remain key strengths. Reports highlight approximately $15.3 trillion in assets under management, a 22% year-over-year AUM increase and improving profit margins. Continued growth in higher-margin ETFs and other products could support earnings and long-term shareholder returns. Larry Fink’s BlackRock Just Crossed $15.3 Trillion in Assets
- Neutral Sentiment: BlackRock-affiliated investors reportedly sold more than $16 million of Bitcoin and Ethereum, while Dartmouth’s holdings in BlackRock’s iShares Bitcoin ETF and other crypto ETFs declined in value. The developments reflect weaker crypto prices and could signal modest pressure on digital-asset flows, but they do not represent a direct sale of BlackRock’s corporate holdings. BlackRock ends the week dumping millions worth of these 2 cryptocurrencies
- Negative Sentiment: Competition is intensifying in ETFs. Corgi Invest plans to challenge BlackRock with a broad, low-fee lineup, while Goldman Sachs’ planned acquisition of NEOS would strengthen a rival Bitcoin income ETF platform.
- Negative Sentiment: Rosen Law Firm is investigating possible securities claims involving BlackRock mutual funds. The announcement is only an investigation—not a filed finding of wrongdoing—but it adds reputational and legal uncertainty. Rosen investor rights investigation
About BlackRock
BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
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