Commerce Bank Takes Position in BlackRock $BLK

Key Points

• Commerce Bank initiated a sizable BlackRock position in the second quarter, acquiring 48,692 shares valued at approximately $46.8 million. Institutional investors and hedge funds collectively own 80.69% of BLK.
• BlackRock reported better-than-expected quarterly results, with earnings of $13.91 per share and revenue of $7.08 billion, up 30.6% year over year. The company also declared a quarterly dividend of $5.73 per share, representing a 2.0% annualized yield.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $1,311.06; recent target increases ranged from $1,300 to $1,488. Shares recently traded at $1,157.28.

Commerce Bank acquired a new position in shares of BlackRock (NYSE:BLK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 48,692 shares of the asset manager's stock, valued at approximately $46,820,000.

Other hedge funds have also modified their holdings of the company. Advisors Capital Management LLC acquired a new stake in shares of BlackRock in the second quarter worth $33,847,000. Legal & General Group Plc raised its position in BlackRock by 0.8% during the fourth quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager's stock valued at $985,331,000 after buying an additional 7,457 shares during the period. Liberty One Investment Management LLC lifted its stake in 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 acquiring an additional 1,141 shares in the last quarter. Texas Yale Capital Corp. boosted its position in BlackRock by 32.2% during the 4th quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager's stock worth $6,169,000 after acquiring an additional 1,405 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in BlackRock by 94.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 26,828 shares of the asset manager's stock valued at $28,720,000 after acquiring an additional 13,040 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Bitcoin ETF demand could support fee revenue. BlackRock’s iShares Bitcoin Trust led recent U.S. spot Bitcoin ETF inflows, including $284.7 million in one session and $588.5 million over three days. Continued cryptocurrency demand could increase assets under management and fee income. Bitcoin ETF Inflows Hit $517M While BTC Tests Key Resistance
• Positive Sentiment: Dividend appeal is drawing investor attention. A recent analysis describes BlackRock as an attractive dividend stock, reinforcing the company’s appeal to income-oriented investors after its latest quarter exceeded expectations on both earnings and revenue. Why BlackRock Is a Great Dividend Stock Right Now
• Positive Sentiment: BlackRock continues deploying capital and expanding alternative-asset exposure. The firm and Oaktree seized debt-laden movie servicer MBS, highlighting potential opportunities in distressed and private credit markets, though such investments also carry execution risk. BlackRock, Oaktree Seize Debt-Laden Movie Servicer MBS
• Neutral Sentiment: Large Qiagen stake creates potential strategic upside but adds concentration risk. Dutch regulatory filings show BlackRock owns roughly 11.5% of Qiagen’s capital and more than 12% of its voting rights. The holding demonstrates significant investment activity, but the filings do not indicate a change in BlackRock’s operating outlook. BlackRock Reveals Stake in Qiagen
• Negative Sentiment: A law firm’s investigation remains an overhang. Rosen Law Firm is seeking investors who may have suffered losses in BlackRock mutual funds amid allegations that business information was materially misleading. This is only an investigation announcement, not a finding of wrongdoing, but it could create reputational and legal risk. BlackRock Investor News

Analysts Set New Price Targets

BLK has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of BlackRock from $1,383.00 to $1,488.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Evercore reiterated an "outperform" rating and issued a $1,260.00 target price on shares of BlackRock in a research report on Monday, August 10th. BMO Capital Markets increased their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Bank of America boosted their price target 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. Finally, BNP Paribas Exane upped their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $1,311.06.

BlackRock Trading Up 1.5%

BlackRock stock opened at $1,157.28 on Friday. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The company's fifty day moving average price is $1,067.74 and its two-hundred day moving average price is $1,044.23. 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 company has a market capitalization of $179.23 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.30 and a beta of 1.42.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly 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 analysts' expectations of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The business's quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $12.05 earnings per share. On average, analysts forecast that BlackRock will post 55.86 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $5.73 per share. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.0%. BlackRock's payout ratio is 54.78%.

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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