6,595 Shares in BlackRock $BLK Purchased by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC purchased 6,595 BlackRock shares during the second quarter, valued at approximately $6.34 million. Other major investors, including Legal & General and the Canada Pension Plan Investment Board, also initiated significant positions.
• Wall Street remains broadly positive on BlackRock, with an average rating of “Buy” and an average price target of $1,311.06; several analysts recently raised their targets.
• BlackRock exceeded quarterly earnings and revenue expectations, reporting $13.91 in EPS and $7.08 billion in revenue, while announcing a quarterly dividend of $5.73 per share, equivalent to a 1.9% yield.

Ancora Advisors LLC bought a new position in BlackRock (NYSE:BLK - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,595 shares of the asset manager's stock, valued at approximately $6,341,000.

A number of other large investors have also made changes to their positions in BLK. Canada Pension Plan Investment Board acquired a new position in BlackRock during the 2nd quarter worth $357,246,000. Galaxy Digital Capital Management GP LLC acquired a new position in BlackRock in the second quarter valued at about $3,011,000. Osterweis Capital Management Inc. bought a new stake in BlackRock during the 2nd quarter worth approximately $60,000. Eschler Asset Management LLP acquired a new stake in shares of BlackRock in the second quarter valued at $669,000. Finally, Legal & General Group Plc acquired a new position in shares of BlackRock during the second quarter worth approximately $807,039,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Wall Street Analyst Weigh In

BLK has been the topic of several research reports. Zacks Research raised BlackRock from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. BMO Capital Markets lifted their price target on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Weiss Ratings lowered BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. BNP Paribas Exane increased their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an "outperform" rating in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $1,389.00 target price on shares of BlackRock in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, BlackRock currently has an average rating of "Buy" and an average price target of $1,311.06.

BlackRock Stock Performance

Shares of BlackRock stock opened at $1,178.27 on Wednesday. The firm has a market capitalization of $182.48 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.29 and a beta of 1.42. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. 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 price is $1,072.86 and its two-hundred day moving average price is $1,045.14.

BlackRock (NYSE:BLK - Get Free Report) last issued 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 net margin of 24.09% and a return on equity of 14.90%. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the business earned $12.05 EPS. The firm's quarterly revenue was up 30.6% on a year-over-year basis. On average, equities analysts forecast that BlackRock will post 55.86 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 8th. BlackRock's dividend payout ratio (DPR) is currently 54.78%.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong inflows into Bitcoin products: BlackRock’s iShares Bitcoin Trust (IBIT) reportedly attracted about $209 million of a $338 million total inflow into U.S. spot Bitcoin ETFs on Aug. 24. Record IBIT options activity—reported at 1.58 million contracts—also points to elevated investor engagement and could support fee-generating assets under management. BlackRock Adds Over 60% of Bitcoin's $338 Million ETF Inflow
• Positive Sentiment: Analyst sentiment remains favorable: Wall Street analysts continue to express optimism about BlackRock’s long-term growth prospects, despite the stock having lagged the broader market over the past year. The company’s latest reported quarter also showed substantial revenue and earnings beats, reinforcing the bullish outlook. What Are Wall Street Analysts' Target Price for BlackRock Stock?
• Positive Sentiment: Alternative-asset expansion is gaining visibility: BlackRock’s acquisition of a major stake in Five Below and its role in data-center investment activity highlight the firm’s expanding reach across private markets and growth assets. These developments could support future fee growth, although they are not immediate earnings catalysts for BLK. Data Center Deals Propel July CRE Sales Volume
• Neutral Sentiment: Routine ETF distribution announced: BlackRock Canada declared final August cash distributions for the iShares Premium Money Market ETF. The payment is positive for fund unitholders but should have little direct effect on BlackRock’s corporate earnings or stock valuation. BlackRock Canada Announces Final August Cash Distributions
• Negative Sentiment: Private-credit cleanup raises execution concerns: BlackRock is reportedly exploring a sale of TCP Capital’s remaining $671 million loan portfolio. The move could reduce legacy credit risk and sharpen the private-credit strategy, but it also underscores stress in the vehicle and creates uncertainty around valuation and potential losses. BlackRock Weighs Options for Its $671 Million Private Credit Portfolio
• Negative Sentiment: Legal-investigation headline adds risk: The Rosen law firm said it is investigating potential claims involving alleged misleading information tied to BlackRock mutual funds. The report does not establish wrongdoing, but it could create reputational, regulatory, or litigation concerns. BlackRock Investor News Regarding Potential Mutual Fund Claims

BlackRock 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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