Northwestern Mutual Wealth Management Co. decreased its holdings in shares of BlackRock (NYSE:BLK – Free Report) by 4.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,460 shares of the asset manager’s stock after selling 1,247 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock were worth $25,443,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in BLK. RMG Wealth Management LLC bought a new position in BlackRock during the 1st quarter valued at approximately $25,000. Addison Advisors LLC bought a new position in shares of BlackRock during the second quarter valued at $25,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of BlackRock during the 2nd quarter valued at about $25,000. Evolution Wealth Management Inc. bought a new stake in shares of BlackRock in the fourth quarter worth approximately $26,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of BlackRock in the second quarter worth approximately $30,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting BlackRock
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: Orion added BlackRock’s model portfolios to its Tailored Allocation Portfolios platform, alongside Fidelity and Vanguard. The partnership broadens access to BlackRock strategies and could support future asset gathering and fee revenue. Orion Adds BlackRock, Fidelity Investments, and Vanguard to Tailored Allocation Portfolios
- Positive Sentiment: BlackRock was the primary driver of a rebound in U.S. spot Bitcoin ETF flows, with its iShares Bitcoin Trust contributing substantially to approximately $216.7 million of industrywide net inflows. Continued demand can increase assets under management and fee income. BlackRock drives $217M Bitcoin ETF rebound
- Positive Sentiment: BlackRock’s BUIDL tokenized Treasury fund reportedly reclaimed the leading position in the tokenized Treasury market, reaching roughly $2.8 billion in market value. This reinforces the firm’s position in digital assets and blockchain-based investment products. BlackRock’s BUIDL Reclaims Top Spot for Tokenized Treasuries
- Neutral Sentiment: BlackRock reportedly warned that hyperscalers could face approximately $100 billion in AI-related debt, highlighting risks from elevated AI infrastructure spending. The comments may weigh on broader risk sentiment but do not represent a reported change to BlackRock’s earnings outlook. BlackRock Sounds the Alarm on a $100 Billion AI Debt Problem
- Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging misleading business information. The allegations are preliminary, but the headline creates legal and reputational risk. Rosen Law Firm Investigation
- Negative Sentiment: A former BlackRock employee filed a lawsuit seeking $12 million over alleged unpaid carried interest. The financial exposure appears limited relative to BlackRock’s size, but the case could expose details about compensation practices. Ex-BlackRock Employee Sues for $12M
BlackRock Price Performance
BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.69 by $1.22. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The company’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned $12.05 EPS. On average, research analysts expect that BlackRock will post 55.86 EPS for the current fiscal year.
BlackRock Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.0%. BlackRock’s payout ratio is 54.78%.
Analyst Ratings Changes
BLK has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Barclays boosted their target price on shares of BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Morgan Stanley increased their price target on BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Bank of America raised their price target on BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,389.00 price objective on shares of BlackRock in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and a consensus price target of $1,311.06.
Check Out Our Latest Research Report on BlackRock
BlackRock Company Profile
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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