Baxter Bros Inc. Makes New $3.49 Million Investment in BlackRock $BLK

Key Points

• Baxter Bros Inc. acquired 3,633 BlackRock shares worth approximately $3.49 million in the second quarter. Institutional investors collectively own 80.69% of BlackRock’s outstanding stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,311.06. BlackRock recently exceeded quarterly earnings and revenue estimates, reporting $13.91 EPS and $7.08 billion in revenue, with revenue up 30.6% year over year.
• BlackRock declared a quarterly dividend of $5.73 per share, equivalent to an annualized $22.92 payout and a 2.0% yield. Growth opportunities include AI infrastructure financing and expanding assets under management, while ETF competition and a securities investigation present risks.

Baxter Bros Inc. acquired a new position in shares of BlackRock (NYSE:BLK - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,633 shares of the asset manager's stock, valued at approximately $3,493,000.

A number of other institutional investors also recently modified their holdings of the stock. Legal & General Group Plc grew its position in shares of BlackRock by 0.8% during the 4th quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager's stock valued at $985,331,000 after acquiring an additional 7,457 shares during the period. Liberty One Investment Management LLC raised its holdings in shares of BlackRock by 30.7% in the 1st quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager's stock worth $4,675,000 after purchasing an additional 1,141 shares during the period. Texas Yale Capital Corp. raised its holdings in shares of BlackRock by 32.2% in the 4th quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager's stock worth $6,169,000 after purchasing an additional 1,405 shares during the period. Thrivent Financial for Lutherans lifted its stake in BlackRock by 94.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,828 shares of the asset manager's stock valued at $28,720,000 after purchasing an additional 13,040 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in BlackRock by 0.3% in the fourth quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager's stock valued at $4,108,968,000 after purchasing an additional 12,019 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BLK shares. Evercore reissued an "outperform" rating and issued a $1,260.00 target price on shares of BlackRock in a research report on Monday, August 10th. Barclays increased their price target on BlackRock from $1,340.00 to $1,450.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Weiss Ratings lowered BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods cut BlackRock from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 7th. Finally, UBS Group upped their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $1,311.06.

BlackRock Stock Down 0.1%

Shares of NYSE:BLK opened at $1,172.20 on Monday. The firm has a fifty day moving average price of $1,053.84 and a two-hundred day moving average price of $1,042.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The company has a market cap of $181.54 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.32 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 EPS for the quarter, beating 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 firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period in the previous year, the business earned $12.05 EPS. The business's revenue for the quarter was up 30.6% on a year-over-year basis. Analysts anticipate that BlackRock will post 55.63 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm 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 dividend of $5.73 per share. This represents a $22.92 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock's payout ratio is presently 54.78%.

Key BlackRock News

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 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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