ABN AMRO Bank N.V. Acquires New Position in BlackRock $BLK

Key Points

• ABN AMRO Bank acquired 68,983 BlackRock shares during the second quarter, worth approximately $66.25 million. Institutional investors collectively own 80.69% of BlackRock.
• BlackRock reported strong quarterly results, with adjusted EPS of $13.91 exceeding estimates and revenue rising 30.6% year over year to $7.08 billion. The company also announced a $5.73 quarterly dividend, equivalent to a 2.0% annualized yield.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and a $1,311.06 price target, while BlackRock faces growing ETF competition and a securities-investigation announcement involving certain mutual funds.

ABN AMRO Bank N.V. acquired a new stake in shares of BlackRock (NYSE:BLK - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,983 shares of the asset manager's stock, valued at approximately $66,248,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of BlackRock by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager's stock valued at $15,051,846,000 after acquiring an additional 221,123 shares during the period. State Street Corp raised its position in shares of BlackRock by 0.5% in the fourth quarter. State Street Corp now owns 6,264,545 shares of the asset manager's stock worth $6,705,193,000 after buying an additional 33,752 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of BlackRock by 5,190.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock worth $5,876,618,000 after buying an additional 5,386,640 shares in the last quarter. Temasek Holdings Private Ltd boosted its stake in BlackRock by 4.7% during the first quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager's stock valued at $5,126,387,000 after buying an additional 237,667 shares during the period. Finally, Bank of America Corp DE boosted its stake in BlackRock by 0.7% during the first quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager's stock valued at $5,032,603,000 after buying an additional 35,069 shares during the period. Institutional investors own 80.69% of the company's stock.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: AI infrastructure financing could create a major growth opportunity. BlackRock is among the financial firms working with Nvidia NASDAQ: NVDA and other partners to mobilize more than $500 billion for data centers, GPUs and related infrastructure. The initiative could generate fees from asset management, private credit and structured-finance products while broadening BlackRock’s role beyond traditional investing. NVIDIA's $500 Billion GPU Financing Deal Fuels Path Toward $270
• Positive Sentiment: Scale and asset growth remain key strengths. Reports highlight approximately $15.3 trillion in assets under management, a 22% year-over-year AUM increase and improving profit margins. Continued growth in higher-margin ETFs and other products could support earnings and long-term shareholder returns. Larry Fink's BlackRock Just Crossed $15.3 Trillion in Assets
• Neutral Sentiment: BlackRock-affiliated investors reportedly sold more than $16 million of Bitcoin and Ethereum, while Dartmouth’s holdings in BlackRock’s iShares Bitcoin ETF and other crypto ETFs declined in value. The developments reflect weaker crypto prices and could signal modest pressure on digital-asset flows, but they do not represent a direct sale of BlackRock’s corporate holdings. BlackRock ends the week dumping millions worth of these 2 cryptocurrencies
• Negative Sentiment: Competition is intensifying in ETFs. Corgi Invest plans to challenge BlackRock with a broad, low-fee lineup, while Goldman Sachs’ planned acquisition of NEOS would strengthen a rival Bitcoin income ETF platform.
• Negative Sentiment: Rosen Law Firm is investigating possible securities claims involving BlackRock mutual funds. The announcement is only an investigation—not a filed finding of wrongdoing—but it adds reputational and legal uncertainty. Rosen investor rights investigation

BlackRock Stock Performance

NYSE:BLK opened at $1,172.20 on Friday. The company has a market capitalization of $181.54 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.32 and a beta of 1.42. The business has a 50 day moving average of $1,053.84 and a 200 day moving average of $1,043.07. 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.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating analysts' consensus estimates of $12.69 by $1.22. The business had revenue of $7.08 billion for the quarter, compared to analysts' expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business's quarterly revenue was up 30.6% on a year-over-year basis. During the same period last year, the business earned $12.05 earnings per share. On average, sell-side analysts predict that BlackRock will post 55.63 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. Investors of record on Tuesday, September 8th will be given a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock's dividend payout ratio (DPR) is presently 54.78%.

Analysts Set New Price Targets

BLK has been the topic of a number of research analyst reports. Zacks Research upgraded BlackRock from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. The Goldman Sachs Group reiterated a "buy" rating and set a $1,389.00 price target on shares of BlackRock in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $1,258.00 price objective on shares of BlackRock in a report on Thursday, July 16th. Keefe, Bruyette & Woods cut shares of BlackRock from a "moderate buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, BNP Paribas Exane raised their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $1,311.06.

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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