7,788 Shares in BlackRock $BLK Acquired by Clear Harbor Asset Management LLC

Key Points

• Clear Harbor Asset Management acquired 7,788 BlackRock shares during the second quarter, valued at approximately $7.49 million. Institutional investors and hedge funds collectively own 80.69% of BlackRock’s outstanding stock.
• Analysts maintain a favorable outlook, with BlackRock receiving an average “Buy” rating and a consensus price target of $1,311.06. The company also exceeded quarterly earnings and revenue estimates, reporting $13.91 in EPS and $7.08 billion in revenue.
• BlackRock declared a quarterly dividend of $5.73 per share, equivalent to $22.92 annually and a 2.0% yield. Potential support comes from strong Bitcoin ETF inflows and expansion into alternative assets, while a law-firm investigation into alleged misleading disclosures remains a legal and reputational overhang.

Clear Harbor Asset Management LLC bought a new position in shares of BlackRock (NYSE:BLK - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,788 shares of the asset manager's stock, valued at approximately $7,489,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Capital Management LLC acquired a new position in BlackRock during the 2nd quarter worth about $33,847,000. Legal & General Group Plc increased its stake in shares of BlackRock by 0.8% in the fourth quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager's stock valued at $985,331,000 after buying an additional 7,457 shares during the period. Liberty One Investment Management LLC increased its stake in shares of BlackRock by 30.7% in the first quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager's stock valued at $4,675,000 after buying an additional 1,141 shares during the period. Texas Yale Capital Corp. raised its position in shares of BlackRock by 32.2% during the fourth quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager's stock worth $6,169,000 after acquiring an additional 1,405 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of BlackRock by 94.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 26,828 shares of the asset manager's stock worth $28,720,000 after acquiring an additional 13,040 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Evercore reiterated an "outperform" rating and issued a $1,260.00 target price on shares of BlackRock in a report on Monday, August 10th. Weiss Ratings lowered shares of BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Bank of America boosted their price target on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised shares of BlackRock from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $1,165.00 to $1,364.00 in a research note on Thursday, July 16th. Finally, Morgan Stanley increased their price objective on shares of BlackRock from $1,383.00 to $1,488.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, BlackRock presently has an average rating of "Buy" and a consensus price target 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

BlackRock Stock Up 1.5%

Shares of BlackRock stock opened at $1,157.28 on Friday. The stock's 50-day moving average is $1,067.74 and its 200 day moving average is $1,044.23. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The firm has a market cap of $179.23 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.30 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 (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 business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the company posted $12.05 earnings per share. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. Equities research analysts anticipate that BlackRock will post 55.86 EPS for the current year.

BlackRock Dividend Announcement

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 given 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 dividend yield of 2.0%. BlackRock's dividend payout ratio (DPR) is 54.78%.

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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