Santa Clara Valley Transportation Authority Purchases New Holdings in BlackRock $BLK

Posted by Geri Gentry on Aug 23rd, 2026

Santa Clara Valley Transportation Authority purchased a new stake in BlackRock (NYSE:BLK – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,141,204 shares of the asset manager’s stock, valued at approximately $129,138,253,000. BlackRock makes up approximately 100.0% of Santa Clara Valley Transportation Authority’s investment portfolio, making the stock its biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLK. Emerald Investment Advisers LLC acquired a new stake in shares of BlackRock in the 2nd quarter valued at approximately $1,359,000. Westpac Banking Corp bought a new position in shares of BlackRock in the second quarter valued at $878,000. TRB Wealth Management LLC acquired a new position in BlackRock during the second quarter worth $987,000. Sumitomo Life Insurance Co. acquired a new position in BlackRock during the second quarter worth $1,556,000. Finally, Landscape Capital Management L.L.C. bought a new stake in BlackRock during the second quarter worth $1,007,000. Institutional investors own 80.69% of the company’s stock.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

Positive Sentiment: Strong Bitcoin ETF demand could support fee revenue. BlackRock’s iShares Bitcoin Trust led recent U.S. spot Bitcoin ETF inflows, including $284.7 million in one session and $588.5 million over three days. Continued cryptocurrency demand could increase assets under management and fee income. Bitcoin ETF Inflows Hit $517M While BTC Tests Key Resistance
Positive Sentiment: Dividend appeal is drawing investor attention. A recent analysis describes BlackRock as an attractive dividend stock, reinforcing the company’s appeal to income-oriented investors after its latest quarter exceeded expectations on both earnings and revenue. Why BlackRock Is a Great Dividend Stock Right Now
Positive Sentiment: BlackRock continues deploying capital and expanding alternative-asset exposure. The firm and Oaktree seized debt-laden movie servicer MBS, highlighting potential opportunities in distressed and private credit markets, though such investments also carry execution risk. BlackRock, Oaktree Seize Debt-Laden Movie Servicer MBS
Neutral Sentiment: Large Qiagen stake creates potential strategic upside but adds concentration risk. Dutch regulatory filings show BlackRock owns roughly 11.5% of Qiagen’s capital and more than 12% of its voting rights. The holding demonstrates significant investment activity, but the filings do not indicate a change in BlackRock’s operating outlook. BlackRock Reveals Stake in Qiagen
Negative Sentiment: A law firm’s investigation remains an overhang. Rosen Law Firm is seeking investors who may have suffered losses in BlackRock mutual funds amid allegations that business information was materially misleading. This is only an investigation announcement, not a finding of wrongdoing, but it could create reputational and legal risk. BlackRock Investor News

BlackRock Trading Up 1.5%

BLK stock opened at $1,157.28 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The company has a fifty day moving average price of $1,067.74 and a two-hundred day moving average price of $1,044.23. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The stock has a market cap of $179.23 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.42.

BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating the consensus estimate of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the company earned $12.05 earnings per share. Equities analysts anticipate that BlackRock will post 55.86 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 dividend of $5.73 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. BlackRock’s payout ratio is presently 54.78%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BLK. BNP Paribas Exane increased their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Evercore restated an “outperform” rating and set a $1,260.00 price objective on shares of BlackRock in a research note on Monday, August 10th. UBS Group upped their target price on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,258.00 target price on shares of BlackRock in a research note on Thursday, July 16th. Finally, Weiss Ratings downgraded BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,311.06.

View Our Latest Stock Analysis on BlackRock

BlackRock Profile

(Free Report)

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.