Guardian Partners Inc. reduced its position in BlackRock (NYSE:BLK – Free Report) by 72.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 591 shares of the asset manager’s stock after selling 1,524 shares during the period. Guardian Partners Inc.’s holdings in BlackRock were worth $569,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Shum Financial Group Inc. raised its holdings in shares of BlackRock by 0.4% in the 4th quarter. Shum Financial Group Inc. now owns 2,183 shares of the asset manager’s stock valued at $2,336,000 after purchasing an additional 9 shares in the last quarter. First Bancorp Inc ME boosted its stake in shares of BlackRock by 2.9% during the fourth quarter. First Bancorp Inc ME now owns 321 shares of the asset manager’s stock valued at $344,000 after purchasing an additional 9 shares in the last quarter. Rather & Kittrell Inc. boosted its stake in shares of BlackRock by 2.1% during the fourth quarter. Rather & Kittrell Inc. now owns 430 shares of the asset manager’s stock valued at $461,000 after purchasing an additional 9 shares in the last quarter. Oakworth Capital Inc. increased its holdings in BlackRock by 1.2% during the fourth quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager’s stock valued at $808,000 after buying an additional 9 shares during the period. Finally, Mechanics Financial Corp raised its stake in BlackRock by 0.5% in the fourth quarter. Mechanics Financial Corp now owns 1,900 shares of the asset manager’s stock worth $2,034,000 after buying an additional 10 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.
More BlackRock News
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: Major AI infrastructure partnership: BlackRock and Meta Platforms formed an approximately $14 billion venture to develop and operate a one-gigawatt data center campus in El Paso, Texas. BlackRock-managed funds will own 80%, while Meta retains 20% and will operate the facility, which is expected to come online in 2028. The deal highlights BlackRock’s opportunity to earn investment-management and infrastructure-related fees from the multiyear AI buildout. Meta, BlackRock partner on $14 billion El Paso data center
- Positive Sentiment: Strong financing demand: BlackRock reportedly arranged roughly $12.3 billion in senior secured bonds for the project, with the debt rallying before pricing. The successful financing supports the view that BlackRock can scale its Global Infrastructure Partners and HPS platforms while channeling institutional capital into digital infrastructure. BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies
- Positive Sentiment: ETF and crypto-related momentum: BlackRock’s systematic-alternatives ETF reportedly attracted significant inflows, while the firm’s crypto portfolio gained nearly $5 billion in July. These developments reinforce the company’s ability to capture demand across newer investment products, although crypto-related gains may be volatile. BlackRock Stuffed a Hedge Fund Inside an ETF
- Neutral Sentiment: BlackRock’s latest quarterly results showed substantial earnings and revenue beats, with revenue up 30.6% year over year, but analysts noted that the stock may already reflect much of the company’s record inflow and earnings strength. BlackRock Stock Could Be Fully Priced Following Record Inflows
- Negative Sentiment: U.S. spot Bitcoin ETFs experienced renewed outflows late last week, led by BlackRock’s iShares Bitcoin Trust. Continued weakness could reduce fee revenue and weigh on sentiment toward the firm’s crypto franchise. Bitcoin ETFs End Inflow Streak as Fed Rate Concerns Mount
Analysts Set New Price Targets
Check Out Our Latest Analysis on BLK
BlackRock Stock Performance
Shares of BLK stock opened at $1,099.21 on Wednesday. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The business’s fifty day simple moving average is $1,030.24 and its 200-day simple moving average is $1,041.31. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. The company has a market cap of $170.37 billion, a PE ratio of 26.27, a PEG ratio of 1.20 and a beta of 1.43.
BlackRock (NYSE:BLK – Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 15.01% and a net margin of 24.09%.The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter last year, the firm earned $12.05 EPS. The business’s quarterly revenue was up 30.6% on a year-over-year basis. Analysts expect that BlackRock will post 55.63 earnings per share for the current fiscal year.
BlackRock Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.1%. BlackRock’s payout ratio is presently 54.78%.
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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