AXQ Capital LP increased its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 43.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,924 shares of the asset manager's stock after purchasing an additional 2,083 shares during the period. BlackRock accounts for approximately 0.7% of AXQ Capital LP's holdings, making the stock its 5th largest position. AXQ Capital LP's holdings in BlackRock were worth $6,658,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of BlackRock in the second quarter valued at about $9,747,857,000. State Street Corp grew its position in BlackRock by 0.5% in the fourth quarter. State Street Corp now owns 6,264,545 shares of the asset manager's stock valued at $6,705,193,000 after acquiring an additional 33,752 shares during the last quarter. Corient Private Wealth LLC grew its position in 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 valued at $5,876,618,000 after acquiring an additional 5,386,640 shares during the last quarter. Temasek Holdings Private Ltd raised 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 worth $5,126,387,000 after acquiring an additional 237,667 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in BlackRock by 0.7% in the 1st 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 purchasing an additional 35,069 shares during the last quarter. Institutional investors own 80.69% of the company's stock.
BlackRock Stock Performance
Shares of BLK stock opened at $1,124.26 on Friday. The firm has a 50 day moving average of $1,089.64 and a 200-day moving average of $1,048.88. The company has a market cap of $174.11 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.22 and a beta of 1.41. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. 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 posted its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts' consensus estimates of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $6.73 billion. During the same period last year, the company posted $12.05 earnings per share. The business's quarterly revenue was up 30.6% on a year-over-year basis. On average, equities analysts forecast that BlackRock will post 55.86 earnings per share for the current year.
BlackRock Announces Dividend
The company 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 of this dividend is Tuesday, September 8th. BlackRock's payout ratio is presently 54.78%.
Key Stories Impacting BlackRock
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: Strong crypto-fund demand supports digital-assets growth. Crypto funds attracted $3.2 billion in weekly inflows, with BlackRock’s iShares Bitcoin Trust (IBIT) leading with $928 million. Sustained demand could increase BlackRock’s digital-asset assets under management and fee revenue. Crypto Funds See $3.2 Billion Weekly Inflow
- Positive Sentiment: Expanded advisor distribution could attract additional assets. Orion is adding BlackRock model portfolios to its Tailored Allocation Portfolios platform, giving financial advisors broader access to BLK’s personalized and tax-aware investment solutions. The partnership strengthens BlackRock’s distribution reach, though it also includes competing products from Fidelity and Vanguard. BlackRock Gains Wider Model Portfolio Distribution
- Positive Sentiment: Tokenization activity continues to expand. BlackRock-backed Securitize signed an agreement with Dubai’s Virtual Assets Regulatory Authority to support regulated tokenization initiatives and institutional participation. The move reinforces BlackRock’s presence in blockchain-based financial infrastructure and could create longer-term distribution opportunities. VARA and Securitize Sign MoU
- Neutral Sentiment: Strategic outlook remains favorable but does not immediately change earnings. BlackRock strategists said artificial intelligence remains in the early phase of a multiyear investment cycle, while Gulf sovereign wealth funds’ projected $2.1 trillion spending shift could reshape global capital flows. These themes may benefit investment managers over time, but the near-term impact on BLK revenue is uncertain. BlackRock Says Gulf Spending Boom Could Reshape Capital Flows
- Neutral Sentiment: Analysts remain optimistic despite relative weakness. Coverage notes that BLK has underperformed the Dow over the past year, but analysts continue to see attractive prospects and compare its valuation favorably with Affiliated Managers Group. Is BlackRock Stock Underperforming the Dow?
- Negative Sentiment: Investor-rights litigation creates an overhang. Rosen Law Firm is investigating potential securities claims involving BlackRock mutual funds and allegations of materially misleading information. The announcement is not a finding of wrongdoing, but it could increase reputational, legal and regulatory risks. BlackRock Investor News
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on BLK shares. JPMorgan Chase & Co. upgraded shares of BlackRock from a "neutral" rating to an "overweight" rating and raised their target price for the company from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. BNP Paribas Exane lifted their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a report on Tuesday, June 23rd. Zacks Research cut shares of BlackRock from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. 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. Finally, Morgan Stanley lifted their price objective on BlackRock from $1,383.00 to $1,488.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. One 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 has a consensus rating of "Moderate Buy" and an average target price of $1,311.06.
Read Our Latest Analysis on BLK
BlackRock Profile
(
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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