B & T Capital Management DBA Alpha Capital Management Makes New $5.52 Million Investment in BlackRock $BLK

Key Points

• Alpha Capital Management purchased a new $5.52 million stake in BlackRock during the second quarter, acquiring 5,737 shares. Institutional investors and hedge funds collectively own 80.69% of the company.
• BlackRock reported quarterly earnings and revenue above analyst expectations, with revenue up 30.6% year over year. The company declared a $5.73 quarterly dividend, equivalent to a 2.0% yield, while analysts maintain an overall “Buy” rating and a $1,311.06 consensus price target.
• Technical momentum and institutional interest in BlackRock’s spot Bitcoin ETF provide support, but potential insurance gaps tied to a roughly $14 billion data-center campus pose a notable risk.

B & T Capital Management DBA Alpha Capital Management purchased a new stake in BlackRock (NYSE:BLK - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,737 shares of the asset manager's stock, valued at approximately $5,516,000.

Other large investors have also added to or reduced their stakes in the company. Rather & Kittrell Inc. raised its holdings in BlackRock by 2.1% in the 4th quarter. Rather & Kittrell Inc. now owns 430 shares of the asset manager's stock valued at $461,000 after acquiring an additional 9 shares in the last quarter. Oakworth Capital Inc. increased its position in shares of BlackRock by 1.2% in the fourth quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager's stock worth $808,000 after purchasing an additional 9 shares during the period. McIlrath & Eck LLC raised its stake in BlackRock by 5.0% in the fourth quarter. McIlrath & Eck LLC now owns 212 shares of the asset manager's stock valued at $227,000 after purchasing an additional 10 shares in the last quarter. Manske Wealth Management lifted its position in BlackRock by 3.0% during the fourth quarter. Manske Wealth Management now owns 345 shares of the asset manager's stock worth $369,000 after purchasing an additional 10 shares during the period. Finally, Gibson Capital LLC grew its stake in BlackRock by 3.4% during the fourth quarter. Gibson Capital LLC now owns 308 shares of the asset manager's stock worth $330,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

BlackRock News Roundup

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

BlackRock Stock Performance

Shares of BLK stock opened at $1,148.91 on Tuesday. The firm 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. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The business's 50-day moving average price is $1,056.94 and its 200-day moving average price is $1,042.81. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (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 company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the prior year, the firm posted $12.05 earnings per share. The firm's revenue was up 30.6% compared to the same quarter last year. Equities research analysts forecast that BlackRock will post 55.63 EPS for the current year.

BlackRock Announces Dividend

The company also recently declared 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. 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 (DPR) is presently 54.78%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BLK. Barclays upped their price target on shares of BlackRock from $1,340.00 to $1,450.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Zacks Research upgraded BlackRock from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $1,258.00 target price on shares of BlackRock in a research report on Thursday, July 16th. Bank of America lifted their price target on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. raised shares of BlackRock from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $1,165.00 to $1,364.00 in a research note 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $1,311.06.

BlackRock 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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