AssuredPartners Investment Advisors LLC Takes $2.73 Million Position in BlackRock $BLK

Key Points

• AssuredPartners Investment Advisors purchased 2,836 BlackRock shares worth approximately $2.73 million during the second quarter. Institutional investors now own 80.69% of BLK’s outstanding stock.
• BlackRock reported quarterly EPS of $13.91, beating estimates by $1.22, while revenue rose 30.6% year over year to $7.08 billion. The company declared a quarterly dividend of $5.73 per share, representing a 2.0% annualized yield.
• Analysts remain broadly bullish, with BlackRock holding an average “Buy” rating and an average price target of $1,311.06; several firms recently raised their targets.

AssuredPartners Investment Advisors LLC bought a new position in BlackRock (NYSE:BLK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,836 shares of the asset manager's stock, valued at approximately $2,727,000.

Other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. purchased a new stake in BlackRock during the fourth quarter valued at about $26,000. RMG Wealth Management LLC purchased a new position in shares of BlackRock in the 1st quarter worth about $25,000. Addison Advisors LLC acquired a new position in shares of BlackRock in the 2nd quarter valued at about $25,000. Birchbrook Inc. acquired a new position in shares of BlackRock in the 4th quarter valued at about $31,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of BlackRock during the 4th quarter worth about $32,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Trading Up 0.4%

BLK opened at $1,159.16 on Thursday. The firm's 50 day moving average is $1,062.77 and its 200-day moving average is $1,043.28. BlackRock has a 52-week low of $917.39 and a 52-week 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 firm has a market capitalization of $179.52 billion, a P/E ratio of 27.70, a P/E/G ratio of 1.30 and a beta of 1.42.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly 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. The firm had revenue of $7.08 billion for 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 quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $12.05 EPS. Analysts expect that BlackRock will post 55.63 EPS for the current fiscal year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.0%. BlackRock's dividend payout ratio is presently 54.78%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a "buy" rating in a report on Thursday, July 16th. BMO Capital Markets increased their price objective on shares of BlackRock from $1,250.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $1,258.00 target price on shares of BlackRock in a research note on Thursday, July 16th. Zacks Research upgraded shares of BlackRock from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Finally, Morgan Stanley upped their price target 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 analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, BlackRock currently has an average rating of "Buy" and an average target price of $1,311.06.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: U.S. spot Bitcoin ETFs attracted $189.3 million in net inflows Tuesday, bringing August inflows near $951 million. BlackRock’s iShares Bitcoin Trust led with $143.6 million, signaling continued investor demand for one of BlackRock’s fastest-growing product areas. Bitcoin ETFs add $189M as August net inflows approach $1B
• Positive Sentiment: BlackRock reiterated that Bitcoin remains a viable diversification asset after its sharp selloff and said a 1%–2% allocation could improve risk-adjusted returns in a traditional portfolio. The supportive stance may help sustain interest in BlackRock’s crypto offerings. Bitcoin has largely purged froth, BlackRock says
• Positive Sentiment: BlackRock disclosed a roughly $3.45 billion stake in Biogen, whose shares reached a 52-week high after an earnings beat and upgraded outlook. The investment highlights the scale of BlackRock’s asset-management platform, though gains primarily accrue to fund investors rather than directly to BLK earnings. Biogen stock surges after BlackRock investment
• Neutral Sentiment: BlackRock Canada announced monthly cash distributions for numerous iShares ETFs, with payments scheduled for August 31 to investors of record on August 26. The announcement supports product visibility and investor engagement but does not materially change BlackRock’s earnings outlook. BlackRock Canada announces August cash distributions
• Neutral Sentiment: BlackRock’s HPS private-credit unit was reported among creditors taking over MBS Group alongside Oaktree Capital. The development may demonstrate private-credit activity, while also highlighting potential credit and workout risks. BlackRock’s HPS among creditors taking over MBS Group
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging that the company may have provided materially misleading business information. The announcement is not a finding of wrongdoing, but could create legal costs, reputational risk and investor uncertainty. Rosen Law Firm investigates BlackRock mutual funds

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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