Bank of New York Mellon Corp Takes Position in BlackRock $BLK

Key Points

• Bank of New York Mellon acquired 828,779 BlackRock shares worth approximately $796.9 million, giving it a 0.53% stake. Institutional investors collectively own 80.69% of BlackRock.
• BlackRock reported strong quarterly results, with revenue up 30.6% year over year to $7.08 billion and EPS of $13.91, beating analyst expectations. The company also declared a quarterly dividend of $5.73 per share, equivalent to a 2.0% annualized yield.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $1,311.06, although one firm downgraded the stock to “Hold.” Recent Bitcoin ETF inflows support growth prospects, while a law-firm investigation into BlackRock funds introduces potential legal risk.

Bank of New York Mellon Corp acquired a new stake in shares of BlackRock (NYSE:BLK - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 828,779 shares of the asset manager's stock, valued at approximately $796,921,000. Bank of New York Mellon Corp owned 0.53% of BlackRock at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RMG Wealth Management LLC bought a new position in shares of BlackRock in the first quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new stake in shares of BlackRock during the 4th quarter valued at $26,000. Birchbrook Inc. bought a new stake in shares of BlackRock during the 4th quarter valued at $31,000. LFA Lugano Financial Advisors SA purchased a new position in shares of BlackRock during the 4th quarter valued at $32,000. Finally, Basepoint Wealth LLC purchased a new position in shares of BlackRock during the 4th quarter valued at $32,000. Institutional investors own 80.69% of the company's stock.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s iShares Bitcoin Trust led a surge in U.S. spot Bitcoin ETF demand, attracting $588.5 million over three days and $284.7 million on Wednesday alone. Sustained inflows could increase BlackRock’s fee-generating assets and support growth in its digital-assets franchise. Bitcoin ETFs Heat Up After Three Days of Heavy Buying
• Positive Sentiment: BlackRock’s updated research continued to support Bitcoin as a potential portfolio diversifier, citing a possible 1%–2% allocation. A favorable long-term stance may help preserve demand for the iShares Bitcoin Trust despite recent cryptocurrency volatility. BlackRock updates its Bitcoin outlook after historic selloff
• Positive Sentiment: BlackRock and Oaktree Capital reportedly seized debt-laden movie-servicer MBS through their credit investments. The transaction highlights the scale and potential deployment opportunities of BlackRock’s private-credit platform, although distressed assets carry execution risk. BlackRock, Oaktree Seize Debt-Laden Movie Servicer MBS
• Neutral Sentiment: BlackRock Canada announced August cash distributions for numerous iShares ETFs, with payments scheduled for August 31 to eligible unitholders. The announcement is routine but reinforces the breadth of BlackRock’s ETF platform and recurring investor engagement. BlackRock Canada Announces August Cash Distributions
• Neutral Sentiment: BlackRock executives warned that bond-market volatility is spilling into equities, particularly large artificial-intelligence stocks, while highlighting the value of active management. The comments provide market context but do not materially change BLK’s earnings outlook. BlackRock: Markets calm on top line, but volatility under the hood
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging materially misleading business information. The announcement does not establish wrongdoing, but it adds headline and potential litigation risk for investors. BlackRock Investor News: Rosen Law Firm Investigation
• Negative Sentiment: BLK underperformed the broader market during the latest session, reflecting investor caution amid market volatility and the legal-investigation headlines. Why BlackRock Dipped More Than the Broader Market

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BLK. Keefe, Bruyette & Woods lowered BlackRock from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 7th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $1,389.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Evercore reiterated an "outperform" rating and set a $1,260.00 target price on shares of BlackRock in a research report on Monday, August 10th. BMO Capital Markets lifted their target price on BlackRock from $1,250.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Finally, UBS Group boosted their price target on BlackRock from $1,270.00 to $1,320.00 and gave the stock a "buy" rating in a 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $1,311.06.

BlackRock Trading Down 1.6%

Shares of BLK stock opened at $1,139.89 on Friday. The company has a market cap of $176.53 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The stock's 50 day simple moving average is $1,065.22 and its two-hundred day simple moving average is $1,043.44. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94.

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

BlackRock Dividend Announcement

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. This represents a $22.92 annualized dividend 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%.

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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