AMG National Trust Bank Takes $1.15 Million Position in BlackRock $BLK

Key Points

• AMG National Trust Bank acquired a new BlackRock stake of 1,196 shares worth approximately $1.15 million in the second quarter. Institutional investors and hedge funds collectively own 80.69% of BLK.
• Analysts maintain a positive outlook, with BlackRock carrying an average “Buy” rating and a consensus price target of $1,311.06. Recent targets range from $1,258 to $1,389.
• BlackRock reported strong quarterly results, including $13.91 in EPS and $7.08 billion in revenue, up 30.6% year over year, and announced a quarterly dividend of $5.73 per share, yielding about 2% annually.

AMG National Trust Bank purchased a new stake in BlackRock (NYSE:BLK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,196 shares of the asset manager's stock, valued at approximately $1,150,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in BlackRock by 23.1% in the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager's stock valued at $1,615,000 after buying an additional 296 shares during the period. Bison Wealth LLC grew its position in shares of BlackRock by 1.6% during the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager's stock worth $1,078,000 after buying an additional 17 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of BlackRock in the 2nd quarter valued at about $259,000. Nebula Research & Development LLC bought a new stake in shares of BlackRock in the 2nd quarter valued at about $548,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of BlackRock in the 2nd quarter valued at approximately $98,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BLK shares. Zacks Research upgraded shares of BlackRock from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,389.00 target price on shares of BlackRock in a report on Thursday, July 16th. Weiss Ratings cut shares of BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Evercore reissued an "outperform" rating and issued a $1,260.00 price target on shares of BlackRock in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $1,258.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $1,311.06.

Key Stories Impacting BlackRock

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 Down 0.1%

BlackRock stock opened at $1,172.20 on Monday. The stock has a market capitalization of $181.54 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94. 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 company has a 50 day moving average of $1,053.84 and a 200-day moving average of $1,042.51.

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, topping the consensus estimate of $12.69 by $1.22. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The firm's revenue was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $12.05 earnings per share. On average, equities research analysts anticipate that BlackRock will post 55.63 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders 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 yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock's dividend payout ratio is 54.78%.

BlackRock Company 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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