Alberta Investment Management Corp Takes $3.75 Million Position in BlackRock $BLK

Key Points

• Alberta Investment Management Corp. bought 3,900 BlackRock shares worth approximately $3.75 million in the second quarter, while institutional investors and hedge funds collectively own 80.69% of BLK.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,311.06. BlackRock also exceeded quarterly earnings and revenue estimates, reporting $13.91 in EPS and $7.08 billion in revenue, up 30.6% year over year.
• BlackRock declared a quarterly dividend of $5.73 per share, equivalent to a $22.92 annualized payout and a 2.0% yield; however, potential insurance gaps tied to its Meta data-center investment represent a notable risk.

Alberta Investment Management Corp acquired a new position in shares of BlackRock (NYSE:BLK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,900 shares of the asset manager's stock, valued at approximately $3,750,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. RMG Wealth Management LLC acquired a new position in BlackRock in the 1st quarter worth $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of BlackRock in the 4th quarter valued at about $26,000. Birchbrook Inc. acquired a new stake in shares of BlackRock in the 4th quarter valued at about $31,000. LFA Lugano Financial Advisors SA bought a new stake in shares of BlackRock in the fourth quarter valued at about $32,000. Finally, Basepoint Wealth LLC bought a new stake in shares of BlackRock in the fourth quarter valued at about $32,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley increased their price objective on BlackRock from $1,383.00 to $1,488.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. UBS Group boosted their target price on BlackRock from $1,270.00 to $1,320.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. BNP Paribas Exane upped their price target on BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of BlackRock from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Finally, Evercore reiterated an "outperform" rating and issued a $1,260.00 price objective on shares of BlackRock in a report on Monday, August 10th. Two research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $1,311.06.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,148.91 on Tuesday. 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 business has a 50-day moving average of $1,056.94 and a 200-day moving average of $1,042.81. The stock has a market capitalization of $177.93 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.32 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.

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. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the prior year, the company posted $12.05 earnings per share. BlackRock's revenue was up 30.6% on a year-over-year basis. As a group, sell-side analysts predict that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders 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 payout ratio is 54.78%.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Technical momentum remains favorable. BlackRock’s 50-day moving average recently moved above its 200-day average, creating a “golden cross,” which technical analysts view as a bullish signal. After Golden Cross, BlackRock Technical Outlook Is Bright
• Positive Sentiment: Income-investor appeal remains intact. BlackRock is highlighted among dividend-paying financial stocks with favorable analyst ratings and potential price-target upside, which could support demand from yield-focused investors. These 5 Dividend Stocks Show Why Income Investing Still Matters
• Positive Sentiment: Bitcoin ETF demand is a modest supportive factor. Tudor Investment reportedly increased its position in BlackRock’s spot Bitcoin ETF to $22.9 million, reinforcing institutional interest in the product and potentially supporting fee-related asset growth. Tudor Investment Boosts Bitcoin ETF Holdings
• Neutral Sentiment: Valuation comparisons offer no decisive catalyst. A Zacks comparison of BlackRock and Affiliated Managers Group examines which asset manager provides better value, but the article does not establish a clear near-term reason for investors to favor BLK. AMG vs. BLK: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Insurance and financing risks are the main overhang. A roughly $14 billion Texas data-center campus owned by Meta and BlackRock may be significantly underinsured against catastrophic events because insurers are reluctant to provide full coverage. The potential for large uncovered losses could increase lender and investment risk concerns, likely contributing to pressure on BLK. Meta and BlackRock’s Data Centre Exposes Lenders to Insurance Gap

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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