Corient Private Wealth LP Sells 5,996 Shares of BlackRock $BLK

Corient Private Wealth LP trimmed its position in BlackRock (NYSE:BLK - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,887 shares of the asset manager's stock after selling 5,996 shares during the period. Corient Private Wealth LP owned 0.06% of BlackRock worth $93,163,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new stake in shares of BlackRock in the 4th quarter worth about $26,000. RMG Wealth Management LLC purchased a new position in BlackRock during the 1st quarter valued at about $25,000. Addison Advisors LLC bought a new stake in BlackRock during the second quarter worth about $25,000. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of BlackRock during the second quarter valued at approximately $25,000. Finally, Basepoint Wealth LLC purchased a new position in shares of BlackRock during the fourth quarter valued at approximately $32,000. Institutional investors own 80.69% of the company's stock.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s flagship private-credit fund received fewer withdrawal requests in the third quarter, while redemption activity across other funds also declined. The improvement suggests investor sentiment may be stabilizing and could reduce liquidity pressure across private credit and support fee-generating assets under management. BlackRock private credit fund sees redemption pressure ease in third quarter
• Positive Sentiment: A separate disclosure covering four BlackRock private-credit funds also highlighted third-quarter redemption requests. Together with the reported decline in withdrawals, the updates may ease concerns about forced asset sales, fund liquidity and pressure on BlackRock’s alternative-investment franchise. BlackRock discloses Q3 redemption requests across four private credit funds
• Neutral Sentiment: BlackRock’s MuniYield New York Quality Fund declared a $0.0512 dividend. The payment supports income-oriented investors and may help product demand, but it is a fund-level distribution rather than a direct change to BlackRock’s corporate earnings. BlackRock MuniYield New York Quality Fund declares $0.0512 dividend
• Neutral Sentiment: Articles promoting BlackRock’s higher-yielding ETFs and technology-focused closed-end funds could support product visibility and asset gathering, but they provide no new companywide financial guidance. BlackRock ETFs offer higher income
• Neutral Sentiment: A headline about Block’s proposed national trust bank concerns Block, Inc. NYSE: XYZ, not BlackRock NYSE: BLK, and should not be interpreted as news affecting BlackRock’s stock. Block Makes a Federal Trust Bank Move

Analyst Upgrades and Downgrades

BLK has been the topic of a number of analyst reports. BMO Capital Markets boosted their price target on BlackRock from $1,250.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. UBS Group lifted their price objective on BlackRock from $1,270.00 to $1,320.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. BNP Paribas Exane boosted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a report on Tuesday, June 23rd. The Goldman Sachs Group reissued a "buy" rating and issued a $1,389.00 target price on shares of BlackRock in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $1,258.00 price target on shares of BlackRock in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,311.06.

BlackRock Stock Performance

Shares of BLK opened at $1,080.78 on Friday. The company has a market cap of $167.38 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.17 and a beta of 1.41. The business's fifty day simple moving average is $1,103.83 and its two-hundred day simple moving average is $1,049.52. 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.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $6.73 billion. During the same quarter in the previous year, the business earned $12.05 earnings per share. The company's revenue was up 30.6% on a year-over-year basis. Research analysts anticipate that BlackRock will post 55.86 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock's dividend payout ratio is currently 54.78%.

About BlackRock

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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