3,291 Shares in BlackRock $BLK Acquired by Sterling Investment Advisors Ltd.

Key Points

• Sterling Investment Advisors Ltd. acquired 3,291 BlackRock shares in the second quarter, valued at approximately $3.16 million. Institutional investors collectively own 80.69% of BLK.
• Analyst sentiment remains favorable, with BlackRock receiving a “Moderate Buy” consensus rating and an average price target of $1,311.06; Morgan Stanley and JPMorgan recently raised their ratings or targets.
• BlackRock reported stronger-than-expected quarterly results, including $13.91 in EPS and $7.08 billion in revenue, while declaring a quarterly dividend of $5.73 per share, representing a 2.1% yield.

Sterling Investment Advisors Ltd. bought a new position in BlackRock (NYSE:BLK - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,291 shares of the asset manager's stock, valued at approximately $3,164,000.

A number of other institutional investors also recently modified their holdings of BLK. RMG Wealth Management LLC acquired a new stake in shares of BlackRock in the first quarter valued at approximately $25,000. Addison Advisors LLC bought a new position in BlackRock during the second quarter worth about $25,000. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of BlackRock during the 2nd quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new position in shares of BlackRock in the fourth quarter valued at $26,000. Finally, Meeder Asset Management Inc. bought a new position in BlackRock in the 2nd quarter valued at about $30,000. 80.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BLK. Morgan Stanley raised their target price on shares of BlackRock from $1,383.00 to $1,488.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. BNP Paribas Exane lifted their price target on BlackRock from $1,300.00 to $1,350.00 and gave the company an "outperform" rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. upgraded BlackRock from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. Evercore reaffirmed an "outperform" rating and issued a $1,260.00 price objective on shares of BlackRock in a research note on Monday, August 10th. Finally, Keefe, Bruyette & Woods downgraded BlackRock from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, BlackRock has an average rating of "Moderate Buy" and a consensus target price of $1,311.06.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is among the investors participating in a potential sale of up to a 5.54% stake in Adani Airport Holdings. The investment gives BlackRock exposure to airport infrastructure growth, expanding passenger traffic and related real-estate development. Adani Enterprises to sell stake in airport unit
• Positive Sentiment: BlackRock joined Samsung and other investors in Mistral AI’s €3 billion Series D financing. The deal increases BlackRock’s exposure to the rapidly growing artificial-intelligence sector and could support future private-market investment products, although returns remain uncertain. Mistral AI raises Series D funding
• Positive Sentiment: BlackRock’s BUIDL tokenized Treasury fund is expanding its use as collateral across prime brokers through Securitize. Wider collateral acceptance could accelerate adoption of BUIDL and strengthen BlackRock’s position in blockchain-based asset management. Securitize expands BUIDL collateral use
• Neutral Sentiment: BlackRock participated in the anchor-investor round for India-based rental platform Rentomojo ahead of its IPO. The investment demonstrates continued activity in emerging-market private and public offerings, but its likely near-term effect on earnings and assets under management is limited. Rentomojo IPO anchor round
• Negative Sentiment: Reports that Beacon Pointe hired executives from BlackRock may prompt concerns about talent retention, though the departures do not currently indicate a material impact on operations.
• Negative Sentiment: BlackRock underperformed the broader market in the latest session, suggesting investors were responding primarily to wider market pressure rather than a newly reported deterioration in the company’s fundamentals.

BlackRock Price Performance

BLK stock opened at $1,095.40 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The company's 50-day moving average is $1,098.89 and its 200-day moving average is $1,049.58. The stock has a market capitalization of $169.64 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41.

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, 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 company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period in the prior year, the firm earned $12.05 earnings per share. BlackRock's revenue for the quarter was up 30.6% on a year-over-year basis. Equities research analysts expect that BlackRock will post 55.86 EPS for the current fiscal year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a $5.73 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. BlackRock's dividend payout ratio is 54.78%.

BlackRock Company Profile

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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