2,200 Shares in BlackRock $BLK Bought by Advisors Preferred LLC

Key Points

• Advisors Preferred LLC acquired 2,200 BlackRock shares in the second quarter, valued at approximately $2.19 million. Institutional investors and hedge funds collectively own 80.69% of BLK.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and average price target of $1,311.06; several firms recently raised their targets.
• BlackRock reported strong quarterly results, with revenue up 30.6% year over year and EPS of $13.91 versus a $12.69 estimate. The company also declared a quarterly dividend of $5.73 per share, representing a 2.0% yield.

Advisors Preferred LLC acquired a new position in BlackRock (NYSE:BLK - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,200 shares of the asset manager's stock, valued at approximately $2,191,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Evolution Wealth Management Inc. acquired a new position in BlackRock during the 4th quarter valued at approximately $26,000. RMG Wealth Management LLC acquired a new stake in BlackRock in the first quarter worth $25,000. Addison Advisors LLC bought a new stake in BlackRock in the second quarter valued at $25,000. Birchbrook Inc. bought a new stake in BlackRock in the fourth quarter valued at $31,000. Finally, Basepoint Wealth LLC acquired a new position in shares of BlackRock during the fourth quarter valued at $32,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s iShares Bitcoin Trust led a surge in U.S. spot Bitcoin ETF demand, attracting $588.5 million over three days and $284.7 million on Wednesday alone. Sustained inflows could increase BlackRock’s fee-generating assets and support growth in its digital-assets franchise. Bitcoin ETFs Heat Up After Three Days of Heavy Buying
• Positive Sentiment: BlackRock’s updated research continued to support Bitcoin as a potential portfolio diversifier, citing a possible 1%–2% allocation. A favorable long-term stance may help preserve demand for the iShares Bitcoin Trust despite recent cryptocurrency volatility. BlackRock updates its Bitcoin outlook after historic selloff
• Positive Sentiment: BlackRock and Oaktree Capital reportedly seized debt-laden movie-servicer MBS through their credit investments. The transaction highlights the scale and potential deployment opportunities of BlackRock’s private-credit platform, although distressed assets carry execution risk. BlackRock, Oaktree Seize Debt-Laden Movie Servicer MBS
• Neutral Sentiment: BlackRock Canada announced August cash distributions for numerous iShares ETFs, with payments scheduled for August 31 to eligible unitholders. The announcement is routine but reinforces the breadth of BlackRock’s ETF platform and recurring investor engagement. BlackRock Canada Announces August Cash Distributions
• Neutral Sentiment: BlackRock executives warned that bond-market volatility is spilling into equities, particularly large artificial-intelligence stocks, while highlighting the value of active management. The comments provide market context but do not materially change BLK’s earnings outlook. BlackRock: Markets calm on top line, but volatility under the hood
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging materially misleading business information. The announcement does not establish wrongdoing, but it adds headline and potential litigation risk for investors. BlackRock Investor News: Rosen Law Firm Investigation
• Negative Sentiment: BLK underperformed the broader market during the latest session, reflecting investor caution amid market volatility and the legal-investigation headlines. Why BlackRock Dipped More Than the Broader Market

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. 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 report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $1,258.00 target price on shares of BlackRock in a research note on Thursday, July 16th. UBS Group raised their price target 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. Morgan Stanley lifted their price target 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, JPMorgan Chase & Co. raised BlackRock from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, BlackRock has a consensus rating of "Buy" and an average target price of $1,311.06.

BlackRock Stock Performance

BLK stock opened at $1,139.89 on Friday. The company has a 50-day simple moving average of $1,065.22 and a 200 day simple moving average of $1,043.44. The company has a market capitalization of $176.53 billion, a P/E ratio of 27.24, a PEG ratio of 1.31 and a beta of 1.42. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $6.73 billion. During the same quarter last year, the company earned $12.05 EPS. BlackRock's quarterly revenue was up 30.6% on a year-over-year basis. Sell-side analysts predict that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders 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 annualized dividend and a dividend yield of 2.0%. BlackRock's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source