Alyeska Investment Group L.P. decreased its position in shares of BlackRock (NYSE:BLK - Free Report) by 98.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 607 shares of the asset manager's stock after selling 49,571 shares during the quarter. Alyeska Investment Group L.P.'s holdings in BlackRock were worth $584,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of BLK. BlackRock Inc. purchased a new position in BlackRock in the 2nd quarter worth approximately $9,747,857,000. State Street Corp grew its holdings in BlackRock by 0.5% during the 4th quarter. State Street Corp now owns 6,264,545 shares of the asset manager's stock valued at $6,705,193,000 after buying an additional 33,752 shares in the last quarter. Corient Private Wealth LLC grew its holdings in BlackRock by 5,190.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock valued at $5,876,618,000 after buying an additional 5,386,640 shares in the last quarter. Temasek Holdings Private Ltd raised its position in shares of 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 last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of BlackRock by 0.7% in the first quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager's stock worth $5,032,603,000 after buying an additional 35,069 shares in the last quarter. Institutional investors own 80.69% of the company's stock.
BlackRock Trading Down 2.4%
BLK opened at $1,127.43 on Wednesday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. The stock's fifty day moving average is $1,084.05 and its two-hundred day moving average is $1,048.14. The company has a market capitalization of $174.61 billion, a P/E ratio of 26.95, a PEG ratio of 1.27 and a beta of 1.41. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94.
BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating 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 firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the firm posted $12.05 earnings per share. The business's revenue for the quarter was up 30.6% on a year-over-year basis. Analysts forecast that BlackRock will post 55.86 earnings per share for the current year.
BlackRock Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a $5.73 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. BlackRock's payout ratio is currently 54.78%.
BlackRock News Summary
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: Orion added BlackRock’s model portfolios to its Tailored Allocation Portfolios platform, alongside Fidelity and Vanguard. The partnership broadens access to BlackRock strategies and could support future asset gathering and fee revenue. Orion Adds BlackRock, Fidelity Investments, and Vanguard to Tailored Allocation Portfolios
- Positive Sentiment: BlackRock was the primary driver of a rebound in U.S. spot Bitcoin ETF flows, with its iShares Bitcoin Trust contributing substantially to approximately $216.7 million of industrywide net inflows. Continued demand can increase assets under management and fee income. BlackRock drives $217M Bitcoin ETF rebound
- Positive Sentiment: BlackRock’s BUIDL tokenized Treasury fund reportedly reclaimed the leading position in the tokenized Treasury market, reaching roughly $2.8 billion in market value. This reinforces the firm’s position in digital assets and blockchain-based investment products. BlackRock's BUIDL Reclaims Top Spot for Tokenized Treasuries
- Neutral Sentiment: BlackRock reportedly warned that hyperscalers could face approximately $100 billion in AI-related debt, highlighting risks from elevated AI infrastructure spending. The comments may weigh on broader risk sentiment but do not represent a reported change to BlackRock’s earnings outlook. BlackRock Sounds the Alarm on a $100 Billion AI Debt Problem
- Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging misleading business information. The allegations are preliminary, but the headline creates legal and reputational risk. Rosen Law Firm Investigation
- Negative Sentiment: A former BlackRock employee filed a lawsuit seeking $12 million over alleged unpaid carried interest. The financial exposure appears limited relative to BlackRock’s size, but the case could expose details about compensation practices. Ex-BlackRock Employee Sues for $12M
Analysts Set New Price Targets
Several brokerages have recently issued reports on BLK. Evercore reaffirmed an "outperform" rating and issued a $1,260.00 target price on shares of BlackRock in a report on Monday, August 10th. Bank of America increased their price target on BlackRock from $1,298.00 to $1,320.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Keefe, Bruyette & Woods cut BlackRock from a "moderate buy" rating to a "hold" rating in a report on Friday, August 7th. Barclays upped their price objective on BlackRock from $1,340.00 to $1,450.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $1,258.00 target price on shares of BlackRock in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,311.06.
Get Our Latest Stock Report on BlackRock
About BlackRock
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Free Report)
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.
See Also
Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK - Free Report).
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