1ST Source Bank Makes New $1.06 Million Investment in BlackRock $BLK

Key Points

• 1ST Source Bank purchased 1,108 BlackRock shares worth approximately $1.06 million in the second quarter. Institutional investors collectively own 80.69% of BlackRock’s outstanding stock.
• Analyst sentiment remains positive, with BlackRock receiving a consensus “Buy” rating and an average price target of $1,311.06; several firms recently upgraded the stock or raised their targets.
• BlackRock exceeded quarterly earnings and revenue estimates, reporting $13.91 in adjusted EPS and $7.08 billion in revenue, while revenue rose 30.6% year over year. The company also declared a quarterly dividend of $5.73 per share, equivalent to a 2.0% annual yield.

1ST Source Bank purchased a new position in shares of BlackRock (NYSE:BLK - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,108 shares of the asset manager's stock, valued at approximately $1,065,000.

Other large investors have also made changes to their positions in the company. RMG Wealth Management LLC acquired a new position in shares of BlackRock during the first quarter worth $25,000. Evolution Wealth Management Inc. acquired a new position in BlackRock during the 4th quarter worth about $26,000. Birchbrook Inc. acquired a new position in BlackRock during the 4th quarter worth about $31,000. LFA Lugano Financial Advisors SA bought a new stake in shares of BlackRock in the 4th quarter valued at about $32,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of BlackRock in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Wall Street Analyst Weigh In

BLK has been the topic of a number of recent analyst reports. Zacks Research raised BlackRock from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Evercore reissued an "outperform" rating and set a $1,260.00 target price on shares of BlackRock in a research report on Monday, August 10th. JPMorgan Chase & Co. upgraded shares of BlackRock from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Weiss Ratings downgraded shares of BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Finally, UBS Group boosted their target price on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, BlackRock has a consensus rating of "Buy" and a consensus target price of $1,311.06.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: AI infrastructure financing could create a major growth opportunity. BlackRock is among the financial firms working with Nvidia NASDAQ: NVDA and other partners to mobilize more than $500 billion for data centers, GPUs and related infrastructure. The initiative could generate fees from asset management, private credit and structured-finance products while broadening BlackRock’s role beyond traditional investing. NVIDIA's $500 Billion GPU Financing Deal Fuels Path Toward $270
• Positive Sentiment: Scale and asset growth remain key strengths. Reports highlight approximately $15.3 trillion in assets under management, a 22% year-over-year AUM increase and improving profit margins. Continued growth in higher-margin ETFs and other products could support earnings and long-term shareholder returns. Larry Fink's BlackRock Just Crossed $15.3 Trillion in Assets
• Neutral Sentiment: BlackRock-affiliated investors reportedly sold more than $16 million of Bitcoin and Ethereum, while Dartmouth’s holdings in BlackRock’s iShares Bitcoin ETF and other crypto ETFs declined in value. The developments reflect weaker crypto prices and could signal modest pressure on digital-asset flows, but they do not represent a direct sale of BlackRock’s corporate holdings. BlackRock ends the week dumping millions worth of these 2 cryptocurrencies
• Negative Sentiment: Competition is intensifying in ETFs. Corgi Invest plans to challenge BlackRock with a broad, low-fee lineup, while Goldman Sachs’ planned acquisition of NEOS would strengthen a rival Bitcoin income ETF platform.
• Negative Sentiment: Rosen Law Firm is investigating possible securities claims involving BlackRock mutual funds. The announcement is only an investigation—not a filed finding of wrongdoing—but it adds reputational and legal uncertainty. Rosen investor rights investigation

BlackRock Stock Down 0.1%

BLK opened at $1,172.20 on Monday. 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 company's 50-day moving average is $1,053.84 and its 200 day moving average is $1,042.51. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The firm has a market capitalization of $181.54 billion, a P/E ratio of 28.02, a PEG ratio of 1.32 and a beta of 1.42.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping 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 business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the company posted $12.05 earnings per share. BlackRock's quarterly revenue was up 30.6% compared to the same quarter last year. Research analysts expect that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock's payout ratio is currently 54.78%.

BlackRock Company 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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