Odyssean LLC increased its position in shares of BlackRock (NYSE:BLK – Free Report) by 99.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,881 shares of the asset manager’s stock after acquiring an additional 1,434 shares during the period. Odyssean LLC’s holdings in BlackRock were worth $2,770,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Capital Management LLC acquired a new position in shares of BlackRock in the 2nd quarter worth $33,847,000. Legal & General Group Plc lifted its holdings in shares of BlackRock by 0.8% during the fourth quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock valued at $985,331,000 after purchasing an additional 7,457 shares during the last quarter. Varma Mutual Pension Insurance Co purchased a new stake in shares of BlackRock during the second quarter valued at $28,185,000. Haverford Trust Co acquired a new position in shares of BlackRock in the 2nd quarter valued at $264,500,000. Finally, Liberty One Investment Management LLC increased its stake in BlackRock by 30.7% in the 1st quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager’s stock worth $4,675,000 after purchasing an additional 1,141 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.
Key Stories Impacting BlackRock
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: Strong inflows into Bitcoin products: BlackRock’s iShares Bitcoin Trust (IBIT) reportedly attracted about $209 million of a $338 million total inflow into U.S. spot Bitcoin ETFs on Aug. 24. Record IBIT options activity—reported at 1.58 million contracts—also points to elevated investor engagement and could support fee-generating assets under management. BlackRock Adds Over 60% of Bitcoin’s $338 Million ETF Inflow
- Positive Sentiment: Analyst sentiment remains favorable: Wall Street analysts continue to express optimism about BlackRock’s long-term growth prospects, despite the stock having lagged the broader market over the past year. The company’s latest reported quarter also showed substantial revenue and earnings beats, reinforcing the bullish outlook. What Are Wall Street Analysts’ Target Price for BlackRock Stock?
- Positive Sentiment: Alternative-asset expansion is gaining visibility: BlackRock’s acquisition of a major stake in Five Below and its role in data-center investment activity highlight the firm’s expanding reach across private markets and growth assets. These developments could support future fee growth, although they are not immediate earnings catalysts for BLK. Data Center Deals Propel July CRE Sales Volume
- Neutral Sentiment: Routine ETF distribution announced: BlackRock Canada declared final August cash distributions for the iShares Premium Money Market ETF. The payment is positive for fund unitholders but should have little direct effect on BlackRock’s corporate earnings or stock valuation. BlackRock Canada Announces Final August Cash Distributions
- Negative Sentiment: Private-credit cleanup raises execution concerns: BlackRock is reportedly exploring a sale of TCP Capital’s remaining $671 million loan portfolio. The move could reduce legacy credit risk and sharpen the private-credit strategy, but it also underscores stress in the vehicle and creates uncertainty around valuation and potential losses. BlackRock Weighs Options for Its $671 Million Private Credit Portfolio
- Negative Sentiment: Legal-investigation headline adds risk: The Rosen law firm said it is investigating potential claims involving alleged misleading information tied to BlackRock mutual funds. The report does not establish wrongdoing, but it could create reputational, regulatory, or litigation concerns. BlackRock Investor News Regarding Potential Mutual Fund Claims
Analyst Upgrades and Downgrades
View Our Latest Stock Report on BlackRock
BlackRock Trading Up 0.5%
Shares of NYSE BLK opened at $1,178.27 on Wednesday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The business has a 50-day moving average price of $1,072.86 and a two-hundred day moving average price of $1,045.14. The firm has a market capitalization of $182.48 billion, a PE ratio of 28.16, a PEG ratio of 1.29 and a beta of 1.42.
BlackRock (NYSE:BLK – Get Free Report) last issued its 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 company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $12.05 EPS. As a group, analysts predict that BlackRock will post 55.86 earnings per share for the current fiscal year.
BlackRock Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio is currently 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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