1,183 Shares in BlackRock $BLK Acquired by Evolve Private Wealth LLC

Key Points

• Evolve Private Wealth LLC acquired 1,183 BlackRock shares worth approximately $1.14 million in the second quarter. Institutional investors collectively own 80.69% of BlackRock’s outstanding stock.
• BlackRock reported strong quarterly results, with EPS of $13.91 beating estimates of $12.69 and revenue rising 30.6% year over year to $7.08 billion.
• The company declared a quarterly dividend of $5.73 per share, equivalent to $22.92 annually and a 2.0% yield. Analysts maintain a consensus “Buy” rating with an average price target of $1,311.06.

Evolve Private Wealth LLC acquired a new stake in BlackRock (NYSE:BLK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,183 shares of the asset manager's stock, valued at approximately $1,137,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of BlackRock during the second quarter valued at about $9,747,857,000. Corient Private Wealth LLC grew its stake in shares of BlackRock by 5,190.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock worth $5,876,618,000 after purchasing an additional 5,386,640 shares during the last quarter. Norges Bank bought a new stake in shares of BlackRock in the fourth quarter worth about $2,742,680,000. Santa Clara Valley Transportation Authority purchased a new position in BlackRock during the 2nd quarter valued at about $129,138,253,000. Finally, Auto Owners Insurance Co raised its position in BlackRock by 106,934.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager's stock valued at $128,441,000 after purchasing an additional 1,283,208 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Bitcoin ETF demand could support fee revenue. BlackRock’s iShares Bitcoin Trust led recent U.S. spot Bitcoin ETF inflows, including $284.7 million in one session and $588.5 million over three days. Continued cryptocurrency demand could increase assets under management and fee income. Bitcoin ETF Inflows Hit $517M While BTC Tests Key Resistance
• Positive Sentiment: Dividend appeal is drawing investor attention. A recent analysis describes BlackRock as an attractive dividend stock, reinforcing the company’s appeal to income-oriented investors after its latest quarter exceeded expectations on both earnings and revenue. Why BlackRock Is a Great Dividend Stock Right Now
• Positive Sentiment: BlackRock continues deploying capital and expanding alternative-asset exposure. The firm and Oaktree seized debt-laden movie servicer MBS, highlighting potential opportunities in distressed and private credit markets, though such investments also carry execution risk. BlackRock, Oaktree Seize Debt-Laden Movie Servicer MBS
• Neutral Sentiment: Large Qiagen stake creates potential strategic upside but adds concentration risk. Dutch regulatory filings show BlackRock owns roughly 11.5% of Qiagen’s capital and more than 12% of its voting rights. The holding demonstrates significant investment activity, but the filings do not indicate a change in BlackRock’s operating outlook. BlackRock Reveals Stake in Qiagen
• Negative Sentiment: A law firm’s investigation remains an overhang. Rosen Law Firm is seeking investors who may have suffered losses in BlackRock mutual funds amid allegations that business information was materially misleading. This is only an investigation announcement, not a finding of wrongdoing, but it could create reputational and legal risk. BlackRock Investor News

BlackRock Price Performance

NYSE BLK opened at $1,157.28 on Monday. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The business's fifty day moving average price is $1,067.74 and its 200-day moving average price is $1,043.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The stock has a market capitalization of $179.23 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.28 and a beta of 1.42.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the company posted $12.05 EPS. The firm's revenue was up 30.6% on a year-over-year basis. On average, equities analysts predict that BlackRock will post 55.86 earnings per share for the current year.

BlackRock Announces Dividend

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 given 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 2.0%. BlackRock's dividend payout ratio is currently 54.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BLK shares. Barclays boosted their target price on BlackRock from $1,340.00 to $1,450.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. raised BlackRock from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. The Goldman Sachs Group reiterated a "buy" rating and set a $1,389.00 target price on shares of BlackRock in a report on Thursday, July 16th. Finally, Morgan Stanley raised their target price on BlackRock from $1,383.00 to $1,488.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $1,311.06.

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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