BlackRock Inc. Invests $9.75 Billion in BlackRock $BLK

Key Points

• BlackRock Inc. reported a new 10.14 million-share stake in BlackRock valued at approximately $9.75 billion, representing about 6.54% of the asset manager. Institutional investors collectively own 80.69% of BLK.
• BlackRock exceeded quarterly expectations, reporting $13.91 in earnings per share and $7.08 billion in revenue, with revenue up 30.6% year over year.
• Analysts maintain a consensus “Buy” rating with an average price target of $1,311.06, while the company declared a quarterly dividend of $5.73, equivalent to a 2.0% annualized yield.

BlackRock Inc. bought a new stake in BlackRock (NYSE:BLK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,137,544 shares of the asset manager's stock, valued at approximately $9,747,857,000. BlackRock Inc. owned about 6.54% of BlackRock as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLK. Corient Private Wealth LLC raised its stake in BlackRock by 5,190.3% in the fourth 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 period. Norges Bank bought a new position in shares of BlackRock during the 4th quarter worth approximately $2,742,680,000. Auto Owners Insurance Co boosted its stake in shares of BlackRock by 106,934.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager's stock worth $128,441,000 after acquiring an additional 1,283,208 shares during the period. Wellington Management Group LLP increased its holdings in shares of BlackRock by 200.5% during the 4th quarter. Wellington Management Group LLP now owns 1,451,122 shares of the asset manager's stock worth $1,553,194,000 after acquiring an additional 968,245 shares during the last quarter. Finally, Blue Owl Capital Holdings LP bought a new stake in BlackRock in the 4th quarter valued at $1,012,487,000. Institutional investors own 80.69% of the company's stock.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Technical momentum remains favorable. BlackRock’s 50-day moving average recently moved above its 200-day average, creating a “golden cross,” which technical analysts view as a bullish signal. After Golden Cross, BlackRock Technical Outlook Is Bright
• Positive Sentiment: Income-investor appeal remains intact. BlackRock is highlighted among dividend-paying financial stocks with favorable analyst ratings and potential price-target upside, which could support demand from yield-focused investors. These 5 Dividend Stocks Show Why Income Investing Still Matters
• Positive Sentiment: Bitcoin ETF demand is a modest supportive factor. Tudor Investment reportedly increased its position in BlackRock’s spot Bitcoin ETF to $22.9 million, reinforcing institutional interest in the product and potentially supporting fee-related asset growth. Tudor Investment Boosts Bitcoin ETF Holdings
• Neutral Sentiment: Valuation comparisons offer no decisive catalyst. A Zacks comparison of BlackRock and Affiliated Managers Group examines which asset manager provides better value, but the article does not establish a clear near-term reason for investors to favor BLK. AMG vs. BLK: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Insurance and financing risks are the main overhang. A roughly $14 billion Texas data-center campus owned by Meta and BlackRock may be significantly underinsured against catastrophic events because insurers are reluctant to provide full coverage. The potential for large uncovered losses could increase lender and investment risk concerns, likely contributing to pressure on BLK. Meta and BlackRock’s Data Centre Exposes Lenders to Insurance Gap

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. BMO Capital Markets raised their price target on BlackRock from $1,250.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Bank of America upped their price objective on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods lowered shares of BlackRock from a "moderate buy" rating to a "hold" rating in a research report on Friday, August 7th. JPMorgan Chase & Co. upgraded shares of BlackRock from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $1,165.00 to $1,364.00 in a research note on Thursday, July 16th. Finally, UBS Group lifted their target price on shares of BlackRock from $1,270.00 to $1,320.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, BlackRock has a consensus rating of "Buy" and a consensus target price of $1,311.06.

BlackRock Stock Performance

Shares of NYSE BLK opened at $1,148.91 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 cap of $177.93 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 1.32 and a beta of 1.42. The stock's fifty day moving average price is $1,056.94 and its two-hundred day moving average price is $1,042.81. 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 posted its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share 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 return on equity of 14.90% and a net margin of 24.09%.The company's revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the firm earned $12.05 earnings per share. On average, equities analysts forecast that BlackRock will post 55.63 EPS for the current year.

BlackRock Announces Dividend

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