Compass Wealth Management LLC Invests $3.29 Million in BlackRock $BLK

Key Points

• Compass Wealth Management purchased 3,423 BlackRock shares worth approximately $3.29 million in the second quarter, while institutional investors collectively own 80.69% of BLK.
• BlackRock reported strong quarterly results, with adjusted EPS of $13.91 and revenue of $7.08 billion, up 30.6% year over year and above analyst expectations.
• The company declared a quarterly dividend of $5.73 per share, equal to $22.92 annually and a 2.0% yield; analysts maintain an overall “Buy” rating with an average price target of $1,311.06.

Compass Wealth Management LLC bought a new position in shares of BlackRock (NYSE:BLK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,423 shares of the asset manager's stock, valued at approximately $3,291,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLK. Evolution Wealth Management Inc. bought a new position in shares of BlackRock during the 4th quarter valued at about $26,000. RMG Wealth Management LLC bought a new stake in shares of BlackRock in the first quarter worth about $25,000. Birchbrook Inc. purchased a new stake in shares of BlackRock in the fourth quarter worth about $31,000. Basepoint Wealth LLC bought a new position in BlackRock during the fourth quarter valued at approximately $32,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in BlackRock during the 4th quarter valued at approximately $32,000. 80.69% of the stock is currently owned by institutional investors.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Bitcoin strategy remains supportive: BlackRock said Bitcoin’s investment case is unchanged despite its recent decline, maintaining that a small allocation—up to 2% of a portfolio—can provide diversification. The comments reinforce confidence in BlackRock’s digital-asset offerings, including the iShares Bitcoin Trust (IBIT). Bitcoin's Investment Case Hasn't Changed, BlackRock Says
• Positive Sentiment: Institutional interest in IBIT: A filing showed Jane Street held more than $1 billion in spot Bitcoin ETF shares as of June 30, including approximately $828 million in BlackRock’s IBIT. Although the snapshot does not reflect current holdings, it highlights institutional adoption of BlackRock’s crypto ETF. Jane Street Reports Over $1 Billion in Bitcoin ETF Shares
• Positive Sentiment: Technical outlook improved: BlackRock’s 50-day moving average recently moved above its 200-day average, forming a “golden cross,” a signal that can attract momentum-oriented investors. BlackRock Technical Outlook
• Positive Sentiment: Income appeal: BlackRock continues to be highlighted as a dividend-paying investment manager with favorable analyst sentiment and potential price-target upside. Dividend Stocks and Income Investing
• Neutral Sentiment: Portfolio disclosure: BlackRock was identified as a major shareholder of Qiagen, but the regulatory filing primarily reflects an investment holding and does not indicate a material change to BlackRock’s operating outlook. BlackRock Revealed as Major Qiagen Shareholder
• Negative Sentiment: Data-center insurance risk: BlackRock and Meta’s $14 billion Texas data-center project reportedly faces an insurance gap, potentially exposing lenders and investors to substantial losses from catastrophic events. The issue could raise concerns about risk management and financing for large infrastructure investments. Meta and BlackRock Data Center Insurance Risk

BlackRock Price Performance

BlackRock stock opened at $1,155.78 on Wednesday. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $1,059.83 and a 200-day moving average price of $1,043.05. The firm has a market capitalization of $179.00 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42.

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, beating the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the prior year, the firm posted $12.05 EPS. The firm's revenue was up 30.6% compared to the same quarter last year. As a group, equities research analysts forecast that BlackRock will post 55.63 EPS 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 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 dividend yield of 2.0%. BlackRock's dividend payout ratio is currently 54.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BLK shares. Morgan Stanley increased 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. Weiss Ratings lowered shares of BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Bank of America boosted their target price on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. BMO Capital Markets upped their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Finally, Keefe, Bruyette & Woods downgraded shares of BlackRock from a "moderate buy" rating to a "hold" rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, BlackRock currently has an average rating of "Buy" and an average price target of $1,311.06.

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.

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