Integrated Wealth Concepts LLC Acquires 549 Shares of BlackRock $BLK

Integrated Wealth Concepts LLC lifted its holdings in shares of BlackRock (NYSE:BLKFree Report) by 15.6% during the second quarter, HoldingsChannel reports. The firm owned 4,076 shares of the asset manager’s stock after acquiring an additional 549 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in BlackRock were worth $3,919,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of BlackRock by 23.1% during the fourth 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 lifted its position in BlackRock by 1.6% in the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after acquiring an additional 17 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in BlackRock in the 2nd quarter worth $259,000. Nebula Research & Development LLC bought a new position in BlackRock during the 2nd quarter worth about $548,000. Finally, Osterweis Capital Management Inc. bought a new position in BlackRock during the 2nd quarter worth about $98,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Price Performance

Shares of BLK opened at $1,080.78 on Friday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $1,103.83 and its 200 day simple moving average is $1,049.52. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The company has a market cap of $167.38 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.19 and a beta of 1.41.

BlackRock (NYSE:BLKGet Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. 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 company posted $12.05 earnings per share. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. On average, research analysts forecast that BlackRock will post 55.86 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is 54.78%.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

  • Positive Sentiment: BlackRock’s flagship private-credit fund received fewer withdrawal requests in the third quarter, while redemption activity across other funds also declined. The improvement suggests investor sentiment may be stabilizing and could reduce liquidity pressure across private credit and support fee-generating assets under management. BlackRock private credit fund sees redemption pressure ease in third quarter
  • Positive Sentiment: A separate disclosure covering four BlackRock private-credit funds also highlighted third-quarter redemption requests. Together with the reported decline in withdrawals, the updates may ease concerns about forced asset sales, fund liquidity and pressure on BlackRock’s alternative-investment franchise. BlackRock discloses Q3 redemption requests across four private credit funds
  • Neutral Sentiment: BlackRock’s MuniYield New York Quality Fund declared a $0.0512 dividend. The payment supports income-oriented investors and may help product demand, but it is a fund-level distribution rather than a direct change to BlackRock’s corporate earnings. BlackRock MuniYield New York Quality Fund declares $0.0512 dividend
  • Neutral Sentiment: Articles promoting BlackRock’s higher-yielding ETFs and technology-focused closed-end funds could support product visibility and asset gathering, but they provide no new companywide financial guidance. BlackRock ETFs offer higher income
  • Neutral Sentiment: A headline about Block’s proposed national trust bank concerns Block, Inc. (NYSE: XYZ), not BlackRock (NYSE: BLK), and should not be interpreted as news affecting BlackRock’s stock. Block Makes a Federal Trust Bank Move

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of research reports. Bank of America boosted their price target on BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Zacks Research cut shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. BNP Paribas Exane increased their price objective on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Morgan Stanley raised their price objective on BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, BMO Capital Markets lifted their target price on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,311.06.

Check Out Our Latest Stock Report on BlackRock

BlackRock Profile

(Free Report)

BlackRock, Inc is a global investment management and financial technology company serving institutional and individual investors, governments, and financial professionals. The company offers a range of investment products and services, including mutual funds, exchange-traded funds, separately managed accounts, and alternative investments across equities, fixed income, multi-asset, and other strategies.

BlackRock is also known for its iShares brand of exchange-traded funds, which provides access to markets and asset classes worldwide.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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