BlackRock $BLK Holdings Trimmed by Jackson Wealth Management LLC

Key Points

• Jackson Wealth Management cut its BlackRock stake by 91.9% in the second quarter, selling 3,544 shares and retaining 312 shares valued at approximately $300,000. Institutional investors collectively own 80.69% of BlackRock.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,311.06, despite several recent downgrades to “Hold.” BlackRock shares opened at $1,154.63, near the upper end of their 52-week range.
• BlackRock exceeded quarterly earnings and revenue expectations, reporting $13.91 in EPS and $7.08 billion in revenue, while revenue rose 30.6% year over year. The company declared a quarterly dividend of $5.73 per share, equivalent to a 2.0% annualized yield.

Jackson Wealth Management LLC trimmed its holdings in BlackRock (NYSE:BLK - Free Report) by 91.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312 shares of the asset manager's stock after selling 3,544 shares during the quarter. Jackson Wealth Management LLC's holdings in BlackRock were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new stake in BlackRock during the fourth quarter valued at approximately $26,000. RMG Wealth Management LLC acquired a new stake in shares of BlackRock during the 1st quarter valued at $25,000. Addison Advisors LLC bought a new stake in shares of BlackRock during the 2nd quarter worth $25,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of BlackRock during the 2nd quarter worth $25,000. Finally, Birchbrook Inc. acquired a new position in shares of BlackRock in the 4th quarter worth $31,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BLK shares. Morgan Stanley upped their target price on BlackRock from $1,383.00 to $1,488.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Weiss Ratings cut BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods downgraded BlackRock from a "moderate buy" rating to a "hold" rating in a report on Friday, August 7th. 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 research note on Thursday, July 16th. Finally, Zacks Research cut shares of BlackRock from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,311.06.

BlackRock Price Performance

NYSE BLK opened at $1,154.63 on Tuesday. 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 firm has a market capitalization of $178.82 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 1.28 and a beta of 1.42. The company has a 50 day simple moving average of $1,081.82 and a 200-day simple moving average of $1,047.83. 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 released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.69 by $1.22. The company had revenue of $7.08 billion during 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 company's revenue was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $12.05 EPS. Equities research analysts predict that BlackRock will post 55.86 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. BlackRock's dividend payout ratio (DPR) is presently 54.78%.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s BUIDL fund reportedly reclaimed the leading position in tokenized U.S. Treasuries, reaching approximately $2.8 billion in market value. The leadership reinforces BlackRock’s position in the expanding tokenized-asset and real-world-asset markets. BlackRock's BUIDL Reclaims Top Spot for Tokenized Treasuries
• Positive Sentiment: U.S. spot Bitcoin ETFs attracted $924 million of net inflows in the final week of August, while BlackRock’s iShares Bitcoin Trust was among the key beneficiaries. Strong inflows could support fee revenue and investor interest in BlackRock’s digital-asset platform. Bitcoin Inflows Hit $924M
• Positive Sentiment: BlackRock’s ETHA spot Ethereum ETF reportedly accounted for about $1.02 billion of $1.52 billion in recent Ethereum ETF inflows, highlighting continued demand for its crypto products. Ethereum Attracts $1.52 Billion ETF Inflows
• Positive Sentiment: An investment article identifies BlackRock as a beneficiary of broader digital-finance adoption through tokenized markets, crypto products and related infrastructure. Top Crypto and Blockchain Stocks to Watch
• Neutral Sentiment: BlackRock reportedly increased its stake in Honda by 35.2%. The move may reflect portfolio activity rather than a direct change to BlackRock’s earnings outlook. Honda Partners With Nissan
• Negative Sentiment: A former employee of BlackRock’s Long Term Private Capital fund is suing for $12 million, alleging the firm withheld promised carried-interest compensation. The case could expose details of BlackRock’s compensation structure and create reputational or legal risks, although the allegations have not been proven. Ex-BlackRock Employee Sues for $12M
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging potentially misleading business information. Such announcements can add headline risk, though no liability has been established. BlackRock Investor News

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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