Eschler Asset Management LLP bought a new position in BlackRock (NYSE:BLK – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 696 shares of the asset manager’s stock, valued at approximately $669,000. BlackRock accounts for about 1.2% of Eschler Asset Management LLP’s holdings, making the stock its 26th largest holding.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC lifted its stake in BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 296 shares in the last quarter. Bison Wealth LLC boosted its position in BlackRock by 1.6% during the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock worth $1,078,000 after acquiring an additional 17 shares during the period. Schnieders Capital Management LLC. purchased a new position in BlackRock during the 2nd quarter valued at about $259,000. Nebula Research & Development LLC acquired a new position in shares of BlackRock in the 2nd quarter valued at about $548,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of BlackRock in the 2nd quarter valued at about $98,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.
Analyst Ratings Changes
BLK has been the subject of several research reports. BMO Capital Markets raised their price target on shares of BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Evercore reiterated an “outperform” rating and issued a $1,260.00 price objective on shares of BlackRock in a research note on Monday, August 10th. BNP Paribas Exane increased their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. UBS Group lifted their target price on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,258.00 price target on shares of BlackRock in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $1,311.06.
BlackRock Price Performance
NYSE BLK opened at $1,171.83 on Tuesday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $181.48 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.42. The company has a 50 day moving average price of $1,070.33 and a two-hundred day moving average price of $1,044.42. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94.
BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. The business 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%. BlackRock’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the firm earned $12.05 EPS. As a group, equities analysts predict that BlackRock will post 55.86 earnings per share for the current fiscal year.
BlackRock Dividend Announcement
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. This represents a $22.92 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock’s payout ratio is 54.78%.
Key BlackRock News
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock’s roughly $965 million investment in Five Below (NASDAQ: FIVE) helped draw attention to its ability to deploy capital into high-growth companies. Five Below also reported strong quarterly results, sending its shares to a record high and potentially highlighting the value of BlackRock’s investment activity. Five Below Stock Soars Following BlackRock Investment
- Positive Sentiment: BlackRock’s covered-call Bitcoin fund reportedly made its first monthly distribution, with an annualized rate of about 18.5%. The product could create a new fee and asset-gathering opportunity, although the high distribution reflects option income and may limit upside participation in Bitcoin. BlackRock Bitcoin Fund Pays First Dividend
- Neutral Sentiment: BlackRock has reiterated that its long-term investment case for Bitcoin remains intact despite a sharp correction. The comments support the firm’s broader digital-asset strategy, but do not directly affect near-term earnings unless they lead to additional fund inflows. BlackRock’s Long-Term Bitcoin Thesis
- Neutral Sentiment: Routine disclosures showed BlackRock subsidiaries’ holdings in Stora Enso fell below 5%, while other reports discussed BlackRock ETFs. These items have limited immediate implications for BLK’s fundamentals. BlackRock Subsidiaries Report Stora Enso Holdings
- Negative Sentiment: BlackRock is reportedly seeking buyers for approximately $671 million of loans held by TCP Capital, using Keefe, Bruyette & Woods to explore a sale. The move is intended to reshape the private-credit vehicle after a difficult period, but it may raise concerns about credit quality, valuation and execution in BlackRock’s private-markets platform. BlackRock Puts TCP Capital Loans on the Block
- Negative Sentiment: A law firm is soliciting investors who experienced losses in BlackRock mutual funds as part of an investigation into alleged misleading disclosures. The announcement is not a formal finding, but it adds legal and reputational risk. BlackRock Investor Rights Investigation
BlackRock 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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