Edmond DE Rothschild Holding S.A. Acquires Shares of 26,240 BlackRock $BLK

Key Points

• Edmond DE Rothschild Holding acquired 26,240 BlackRock shares in the second quarter, valued at approximately $25.2 million. Institutional investors collectively own 80.69% of BlackRock’s outstanding stock.
• BlackRock reported strong quarterly results, with earnings of $13.91 per share and revenue of $7.08 billion, surpassing analyst estimates; revenue increased 30.6% year over year.
• The company declared a quarterly dividend of $5.73 per share, representing an annualized payout of $22.92 and a 2.0% yield. Analysts maintain an overall “Buy” rating with an average price target of $1,311.06.

Edmond DE Rothschild Holding S.A. bought a new position in BlackRock (NYSE:BLK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 26,240 shares of the asset manager's stock, valued at approximately $25,231,000.

A number of other institutional investors also recently modified their holdings of the business. Portland Financial Advisors Inc bought a new position in BlackRock in the 2nd quarter worth approximately $331,000. Strathmore Capital Advisors Inc. bought a new stake in BlackRock during the 2nd quarter valued at $773,000. Uptick Partners LLC purchased a new stake in shares of BlackRock during the second quarter worth $313,000. Madison Asset Management LLC bought a new position in shares of BlackRock in the second quarter worth $27,135,000. Finally, Csenge Advisory Group bought a new position in shares of BlackRock in the second quarter worth $411,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Trading Up 0.4%

Shares of BLK opened at $1,159.16 on Thursday. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The company has a market capitalization of $179.52 billion, a P/E ratio of 27.70, a P/E/G ratio of 1.30 and a beta of 1.42. 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's 50 day simple moving average is $1,062.77 and its 200 day simple moving average is $1,043.28.

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, topping analysts' consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $12.05 EPS. Sell-side analysts forecast that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given 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%.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: U.S. spot Bitcoin ETFs attracted $189.3 million in net inflows Tuesday, bringing August inflows near $951 million. BlackRock’s iShares Bitcoin Trust led with $143.6 million, signaling continued investor demand for one of BlackRock’s fastest-growing product areas. Bitcoin ETFs add $189M as August net inflows approach $1B
• Positive Sentiment: BlackRock reiterated that Bitcoin remains a viable diversification asset after its sharp selloff and said a 1%–2% allocation could improve risk-adjusted returns in a traditional portfolio. The supportive stance may help sustain interest in BlackRock’s crypto offerings. Bitcoin has largely purged froth, BlackRock says
• Positive Sentiment: BlackRock disclosed a roughly $3.45 billion stake in Biogen, whose shares reached a 52-week high after an earnings beat and upgraded outlook. The investment highlights the scale of BlackRock’s asset-management platform, though gains primarily accrue to fund investors rather than directly to BLK earnings. Biogen stock surges after BlackRock investment
• Neutral Sentiment: BlackRock Canada announced monthly cash distributions for numerous iShares ETFs, with payments scheduled for August 31 to investors of record on August 26. The announcement supports product visibility and investor engagement but does not materially change BlackRock’s earnings outlook. BlackRock Canada announces August cash distributions
• Neutral Sentiment: BlackRock’s HPS private-credit unit was reported among creditors taking over MBS Group alongside Oaktree Capital. The development may demonstrate private-credit activity, while also highlighting potential credit and workout risks. BlackRock’s HPS among creditors taking over MBS Group
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging that the company may have provided materially misleading business information. The announcement is not a finding of wrongdoing, but could create legal costs, reputational risk and investor uncertainty. Rosen Law Firm investigates BlackRock mutual funds

Analyst Ratings Changes

A number of analysts recently issued reports on BLK shares. Barclays boosted their price objective on BlackRock from $1,340.00 to $1,450.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Zacks Research raised BlackRock from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. BNP Paribas Exane upped 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. Keefe, Bruyette & Woods downgraded shares of BlackRock from a "moderate buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. upgraded shares of BlackRock from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, 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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