BlackRock $BLK Stock Position Increased by IFP Advisors Inc

Key Points

• IFP Advisors increased its BlackRock position by 28.8% in the second quarter, purchasing 1,141 additional shares for a total holding of 5,105 shares valued at approximately $4.9 million.
• BlackRock reported a strong quarter, with EPS of $13.91 and revenue of $7.08 billion, exceeding analyst expectations and representing 30.6% year-over-year revenue growth. The company also declared a quarterly dividend of $5.73 per share, yielding about 2.2% annually.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,311.06. However, a newly announced law-firm investigation into potential securities claims involving BlackRock mutual funds adds litigation and reputational risk.

IFP Advisors Inc grew its position in BlackRock (NYSE:BLK - Free Report) by 28.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,105 shares of the asset manager's stock after purchasing an additional 1,141 shares during the period. IFP Advisors Inc's holdings in BlackRock were worth $4,909,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BLK. California State Teachers Retirement System lifted its holdings in BlackRock by 96,671.4% in the 2nd quarter. California State Teachers Retirement System now owns 213,813,443 shares of the asset manager's stock valued at $205,594,454,000 after acquiring an additional 213,592,496 shares during the last quarter. BlackRock Inc. bought a new position in BlackRock during the second quarter valued at about $9,747,857,000. State Street Corp boosted its holdings in shares of BlackRock by 0.5% during the 4th quarter. State Street Corp now owns 6,264,545 shares of the asset manager's stock worth $6,705,193,000 after buying an additional 33,752 shares during the period. Corient Private Wealth LLC grew its holdings in BlackRock by 5,190.3% in the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock valued at $5,876,618,000 after buying an additional 5,386,640 shares during the last quarter. Finally, Temasek Holdings Private Ltd raised its position in shares of BlackRock by 4.7% during the first quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager's stock valued at $5,126,387,000 after buying an additional 237,667 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

Analysts Set New Price Targets

BLK has been the subject of several research analyst reports. Morgan Stanley lifted their price objective 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. Bank of America lifted their price target on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. BMO Capital Markets lifted their price objective on BlackRock from $1,250.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Weiss Ratings lowered shares of BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $1,258.00 target price on shares of BlackRock in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, BlackRock presently has a consensus rating of "Moderate Buy" and an average price target of $1,311.06.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s iShares investment strategy leadership said artificial intelligence remains a long-term opportunity following strong second-quarter earnings across the sector. Continued investor interest in AI-focused ETFs could support flows and fee revenue for the asset manager. What comes next for ETF investors staked in the AI trade in Q3?
• Positive Sentiment: BlackRock-managed funds are participating in a roughly $1 billion equity investment in Adani Airport Holdings. The transaction expands BlackRock’s exposure to India’s infrastructure growth and may generate additional asset-management activity, although the investment itself is made for clients rather than directly by BlackRock. Adani Airports to raise approximately $1 billion
• Neutral Sentiment: A report highlighted BlackRock’s technology-focused closed-end funds, including one trading at a discount and offering substantial monthly distributions. The coverage could increase visibility for BlackRock products, but the distributions and market discount primarily affect fund investors rather than BlackRock’s corporate earnings. BlackRock runs a tech fund with monthly income
• Neutral Sentiment: BlackRock commentary indicated that investors are moving away from the traditional 60/40 portfolio mix. This could benefit alternative assets and broader product diversification, but it also signals changing allocation preferences that may pressure conventional fixed-income and equity strategies. Investors are moving away from the 60/40 portfolio mix
• Negative Sentiment: The Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging that investors may have received materially misleading information. The notice does not establish wrongdoing, but it adds litigation and reputational risk that could weigh on sentiment. BlackRock investor legal investigation

BlackRock Stock Performance

Shares of BLK stock opened at $1,063.01 on Friday. The stock has a market capitalization of $164.63 billion, a PE ratio of 25.41, a PEG ratio of 1.18 and a beta of 1.41. The business's 50 day simple moving average is $1,102.10 and its 200 day simple moving average is $1,049.30. 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.

BlackRock (NYSE:BLK - Get Free Report) last released its 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. The business had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm's revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the firm posted $12.05 earnings per share. As a group, research analysts forecast that BlackRock will post 55.86 earnings per share for the current 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 paid a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 8th. BlackRock's payout ratio is presently 54.78%.

BlackRock Company Profile

BlackRock, Inc is a global investment management and financial technology company serving institutional and individual investors, governments, and financial professionals. The company offers a range of investment products and services, including mutual funds, exchange-traded funds, separately managed accounts, and alternative investments across equities, fixed income, multi-asset, and other strategies.

BlackRock is also known for its iShares brand of exchange-traded funds, which provides access to markets and asset classes worldwide.

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