BlackRock $BLK Shares Sold by Tudor Financial Inc.

Key Points

• Tudor Financial cut its BlackRock stake by 86.3% in the second quarter, selling 2,490 shares and retaining 395 shares valued at approximately $380,000. Institutional investors collectively own 80.69% of BlackRock.
• Analysts remain broadly positive: BlackRock has a “Moderate Buy” consensus rating from MarketBeat, with an average price target of $1,311.06, despite some recent downgrades to “Hold” and lower buy ratings.
• BlackRock exceeded quarterly earnings and revenue expectations, reporting $13.91 in EPS and $7.08 billion in revenue, while announcing a quarterly dividend of $5.73 per share, equivalent to a 2.0% annual yield.

Tudor Financial Inc. trimmed its stake in shares of BlackRock (NYSE:BLK - Free Report) by 86.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 395 shares of the asset manager's stock after selling 2,490 shares during the period. Tudor Financial Inc.'s holdings in BlackRock were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Gibson Capital LLC boosted its position in BlackRock by 3.4% in the 4th quarter. Gibson Capital LLC now owns 308 shares of the asset manager's stock worth $330,000 after purchasing an additional 10 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of BlackRock by 4.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 230 shares of the asset manager's stock valued at $246,000 after purchasing an additional 10 shares in the last quarter. Great Diamond Partners LLC lifted its stake in shares of BlackRock by 0.4% in the 4th quarter. Great Diamond Partners LLC now owns 2,791 shares of the asset manager's stock valued at $2,987,000 after purchasing an additional 10 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in BlackRock by 1.7% during the fourth quarter. Thoroughbred Financial Services LLC now owns 593 shares of the asset manager's stock worth $635,000 after buying an additional 10 shares in the last quarter. Finally, Breakwater Capital Group grew its position in BlackRock by 3.8% during the first quarter. Breakwater Capital Group now owns 271 shares of the asset manager's stock valued at $261,000 after buying an additional 10 shares during the period. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Zacks Research downgraded shares of BlackRock from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Morgan Stanley raised their target price on BlackRock from $1,383.00 to $1,488.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Barclays lifted their price target on BlackRock from $1,340.00 to $1,450.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Bank of America increased their price target on BlackRock from $1,298.00 to $1,320.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Finally, Weiss Ratings lowered BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, BlackRock presently has a consensus rating of "Moderate Buy" and an average target price of $1,311.06.

BlackRock Stock Performance

NYSE BLK opened at $1,124.26 on Friday. 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 $1,089.64 and its 200-day simple moving average is $1,048.88. The company has a market cap of $174.11 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.22 and a beta of 1.41. 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 issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $6.73 billion. During the same period in the previous year, the business earned $12.05 earnings per share. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. As a group, equities research analysts anticipate that BlackRock will post 55.86 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. Stockholders 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 dividend yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock's dividend payout ratio is 54.78%.

Key Headlines 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

About BlackRock

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source