3,445 Shares in BlackRock $BLK Acquired by Allworth Financial LP

Allworth Financial LP purchased a new stake in shares of BlackRock (NYSE:BLK - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,445 shares of the asset manager's stock, valued at approximately $3,313,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLK. Oakworth Capital Inc. increased its position in BlackRock by 1.2% in the 4th quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager's stock valued at $808,000 after acquiring an additional 9 shares in the last quarter. McIlrath & Eck LLC raised its position in BlackRock by 5.0% in the 4th quarter. McIlrath & Eck LLC now owns 212 shares of the asset manager's stock worth $227,000 after purchasing an additional 10 shares during the last quarter. Manske Wealth Management lifted its holdings in BlackRock by 3.0% during the 4th quarter. Manske Wealth Management now owns 345 shares of the asset manager's stock worth $369,000 after buying an additional 10 shares in the last quarter. Gibson Capital LLC boosted its position in BlackRock by 3.4% in the 4th quarter. Gibson Capital LLC now owns 308 shares of the asset manager's stock valued at $330,000 after buying an additional 10 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in shares of BlackRock by 4.5% in the 4th quarter. Cornerstone Wealth Management LLC now owns 230 shares of the asset manager's stock valued at $246,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 80.69% of the company's stock.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,157.28 on Friday. The business has a fifty day moving average price of $1,067.74 and a two-hundred day moving average price of $1,044.23. The stock has a market capitalization of $179.23 billion, a PE ratio of 27.66, a P/E/G ratio of 1.28 and a beta of 1.42. 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 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.69 by $1.22. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.BlackRock's quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm posted $12.05 EPS. As a group, equities analysts predict that BlackRock will post 55.64 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.0%. BlackRock's payout ratio is presently 54.78%.

Wall Street Analyst Weigh In

BLK has been the subject of a number of recent research reports. UBS Group boosted their price target on shares of BlackRock from $1,270.00 to $1,320.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Zacks Research upgraded shares of BlackRock from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $1,258.00 target price on shares of BlackRock in a research note on Thursday, July 16th. Morgan Stanley upped their target price on shares of BlackRock from $1,383.00 to $1,488.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Finally, Barclays upped their price objective 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. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $1,311.06.

Key Stories Impacting BlackRock

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

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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