CoreCap Advisors LLC Reduces Position in BlackRock $BLK

Key Points

• CoreCap Advisors LLC cut its BlackRock position by 75.1% in the second quarter, selling 1,068 shares and retaining 354 shares valued at approximately $340,000. Institutional investors collectively own 80.69% of BlackRock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,304.29; Morgan Stanley and JPMorgan recently raised their targets and upgraded the stock to overweight.
• BlackRock reported quarterly earnings and revenue above expectations, with revenue up 30.6% year over year, and declared a $5.73 quarterly dividend. The firm is also expanding in digital assets through two tokenized money-market funds.

CoreCap Advisors LLC decreased its position in shares of BlackRock (NYSE:BLK - Free Report) by 75.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 354 shares of the asset manager's stock after selling 1,068 shares during the period. CoreCap Advisors LLC's holdings in BlackRock were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RMG Wealth Management LLC acquired a new position in shares of BlackRock in the 1st quarter valued at $25,000. Evolution Wealth Management Inc. acquired a new stake in BlackRock during the 4th quarter worth $26,000. Birchbrook Inc. acquired a new stake in BlackRock during the 4th quarter worth $31,000. LFA Lugano Financial Advisors SA purchased a new position in BlackRock during the 4th quarter worth $32,000. Finally, Basepoint Wealth LLC purchased a new position in BlackRock during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BLK shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $1,258.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Morgan Stanley raised their price target on BlackRock from $1,383.00 to $1,488.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. BNP Paribas Exane boosted their price target on BlackRock from $1,300.00 to $1,350.00 and gave the company an "outperform" rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. raised BlackRock from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $1,165.00 to $1,364.00 in a research note on Thursday, July 16th. Finally, Bank of America increased their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, BlackRock has a consensus rating of "Buy" and a consensus target price of $1,304.29.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock launched two tokenized money-market funds, BSTBL and BRSRV, using blockchain infrastructure while maintaining regulated-fund liquidity and principal-stability objectives. The products are designed partly to serve stablecoin reserve needs, strengthening BlackRock’s position in digital-asset infrastructure and potentially expanding fee-generating assets under management. BlackRock Launches Tokenized Cash Funds
• Positive Sentiment: BlackRock fixed-income CIO Rick Rieder said a Federal Reserve rate hike does not currently make sense given economic data. A stable or lower-rate environment could support bond-market activity and demand for fixed-income products, benefiting BlackRock’s asset-management business. BlackRock’s Rick Rieder Sees Rate Hike Unlikely
• Positive Sentiment: BlackRock funds disclosed sizable new positions in SPCX, Marvell, Apple, Honeywell, and Microsoft in their second-quarter 13F filing. These transactions do not represent purchases by BlackRock’s corporate balance sheet, but they highlight continued fund activity and portfolio demand across equities. BlackRock Disclosed New Holdings
• Neutral Sentiment: Rieder described the July jobs report as “unremarkable,” while BlackRock’s Jeffrey Rosenberg warned that payroll revisions may indicate greater labor-market weakness than the headline figures suggest. The mixed economic signals leave the Fed outlook—and therefore bond-market revenue conditions—uncertain. BlackRock’s Rieder on Jobs Report, Fed Rates and Bonds
• Neutral Sentiment: BlackRock’s iShares Ethereum Trust is scheduled for a one-for-three reverse split. The action changes the ETF’s share price and share count but not investors’ proportional economic interest, making it largely an administrative event for BLK. BlackRock’s Ethereum ETF Reverse Split
• Negative Sentiment: BlackRock TCP Capital is moving approximately $523 million of loans—nearly half its debt investments—to a Pantheon-backed fund while cutting leverage and reviewing strategic options. Although TCPC is separate from BLK, the developments may raise questions about private-credit asset quality and execution risks within BlackRock’s broader alternatives platform. BlackRock Offloads Loans

BlackRock Stock Up 0.1%

Shares of BlackRock stock opened at $1,137.21 on Monday. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The company has a market cap of $176.26 billion, a P/E ratio of 27.18, a PEG ratio of 1.28 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a fifty day moving average of $1,038.98 and a two-hundred day moving average of $1,041.35.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share 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 business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the previous year, the firm earned $12.05 earnings per share. The business's quarterly revenue was up 30.6% compared to the same quarter last year. On average, analysts forecast that BlackRock will post 55.63 earnings per share for the current year.

BlackRock Dividend Announcement

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 issued a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock's payout ratio is currently 54.78%.

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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